Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
SEC engages with Ethereum ETF issuers on S-1 forms

SEC engages with Ethereum ETF issuers on S-1 forms

Cryptobriefing2024/05/23 06:04
By:Vivian Nguyen

Fox Business journalist Eleanor Terrett said on Thursday that the US Securities and Exchange Commission (SEC) started talks with Ethereum exchange-traded fund (ETF) issuers regarding their S-1 registration forms. She cited sources who said there is still “work to do” on those forms.

This could be seen as a positive development, but it suggests there might have been a previous delay in communication.

In a separate post, Terrett indicated the SEC might approve the 19b-4 filings today, followed by collaboration with issuers on S-1 forms in the coming weeks or months.

Commenting on Terrett’s post, Bloomberg ETF analyst James Seyffart said with significant effort, S-1 applications for spot Ethereum ETFs could be resolved within a few weeks. However, he noted that the SEC may need additional time to complete the S-1 review process.

“I think that if they work extremely hard it can be done within a couple weeks but there are plenty of examples of this process taking 3+ months historically,” Seyffart suggested.

Most ETF issuers, including major players like Fidelity, Bitwise, Grayscale, VanEck, Ark 21Shares, Franklin Templeton, and Invesco, submitted their amended 19b-4 filings earlier this week. Nasdaq also refiled BlackRock’s proposed Ethereum ETF yesterday.

The clock ticks down as the market braces for the SEC’s verdict on spot Ethereum funds.

Bloomberg analyst Eric Balchunas suggests a timeframe of around 4:00 PM ET for the SEC’s announcement on the fate of these ETFs. The decision on spot Bitcoin ETFs previously arrived slightly earlier on the designated date.

Meanwhile, Ethereum’s price has surged 25% over the past seven days, trading at nearly $3,800 at press time, according to CoinGecko’s data.

Experts expect that a potential spot Ethereum ETF approval could trigger a sharp price increase . However, whether Ethereum can replicate Bitcoin’s price action after the spot fund approval remains uncertain.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

This year's hottest cryptocurrency trade suddenly collapses—should investors cut their losses or buy the dip?

The cryptocurrency boom has cooled rapidly, and the leveraged nature of treasury stocks has amplified losses, causing the market value of the giant whale Strategy to nearly halve. Well-known short sellers have closed out their positions and exited, while some investors are buying the dip.

Jin102025/11/10 12:57
This year's hottest cryptocurrency trade suddenly collapses—should investors cut their losses or buy the dip?

Showcasing portfolios, following top influencers, one-click copy trading: When investment communities become the new financial infrastructure

The platforms building this layer of infrastructure are creating a permanent market architecture tailored to the way retail investors operate.

深潮2025/11/10 11:45
Showcasing portfolios, following top influencers, one-click copy trading: When investment communities become the new financial infrastructure

Ripple raised another $500 million—are investors buying $XRP at a discount?

The company raised funds at a valuation of $40 billions, but it already holds $80 billions worth of $XRP.

深潮2025/11/10 11:43
Ripple raised another $500 million—are investors buying $XRP at a discount?