SEC Approval Could Delay ETH Spot ETFs Launch by Months, Analyst Says
CryptoNewsTerminal Staff20 May, 2024
SEC Approval Could Delay ETH Spot ETFs Launch by Months, Analyst Says
James Seyffart, a Bloomberg ETF analyst, believes that even if the U.S. Securities and Exchange Commission (SEC) approves a spot Ether (ETH) exchange-traded fund (ETF), it could still take several months before one is actually launched. This outlook follows the SEC's recent notification to asset managers that they must amend and resubmit their 19b-4 filings for spot ETH ETFs. This action prompted Seyffart and fellow ETF analyst Eric Balchunas to increase their probability estimate for SEC approval of a spot ETH ETF to 75%. However, getting an ETF to the market requires S-1 registration approval, and this process can take anywhere from several weeks to months. Seyffart and Balchunas note that while 19b-4 approval is a significant milestone, "S-1 approval is no longer a question of if, but when."
