⚡The U.S. Securities and Exchange Commission (SEC) has requested companies issuing spot Ethereum ETFs to submit their S-1 forms by the end of the week.
⚡This is an important step in approving these financial products. After receiving the S-1 documents, the SEC will present the first round of comments, which will require further changes.
⚡Companies VanEck and BlackRock have already completed their S-1 forms. Completing the S-1 form may take several weeks or months. The delay could be a positive factor, allowing for a more thorough review and leading to a more stable market once trading begins.