TechFlow news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has returned S-1 forms to proposed Ethereum ETF issuers with minimal comments, requiring corrections and resubmission. This process will require at least one more round of filing before becoming effective.
A source from one of the issuers revealed that even after the forms are resubmitted by July 8, they will not yet be the final submission. This means at least one additional round of filings will be required before the ETFs can officially begin trading.
Although earlier reports suggested a possible July 4 launch date for the ETFs, that timeline is now unattainable. The S-1 form represents the second step in the two-step ETF listing process. The first step—the issuers' 19b-4 forms—was approved in May. However, there is no fixed deadline for the S-1 forms, as their approval depends on the SEC's processing speed.
