The SEC has told Ethereum ETFs issuers to submit their S-1 filings, the only remaining step before the ETFs trading begin

Ethereum ETFs trading is approaching. The SEC has told Ethereum ETFs issuers to submit their S-1 filings, the only remaining step before the ETFs trading begin.

On May 23, 2024, the Securities and Exchange Commission (SEC) has approved the 19b-4 forms filed by issuers looking to launch a spot Ether exchange-traded fund (ETF) in the United States.

The SEC has approved 8 spot Ethereum ETFs in the 19b-4 forms include:

1. VanEck Ethereum Trust: VanEck’s ETF proposal was among the first to receive approval. It will allow investors to gain exposure to Ethereum’s price performance.

2. Grayscale Ethereum Trust: Grayscale’s Ethereum Trust, which already holds a significant amount of Ethereum, will now be available as an ETF.

3. Bitwise Ethereum ETF: Bitwise’s ETF will also provide exposure to Ethereum’s price movements.

4. iShares Ethereum Trust: iShares, a BlackRock subsidiary, received approval for its Ethereum ETF.

5. ARK 21Shares Ethereum ETF: ARK Invest’s ETF will track Ethereum’s performance.

6. Invesco Galaxy Ethereum ETF: Invesco’s ETF aims to provide investors with a regulated way to invest in Ethereum.

7. Fidelity Ethereum Fund: Fidelity’s ETF will allow institutional investors to participate in Ethereum’s growth.

8. Franklin Ethereum ETF: Franklin Templeton’s ETF rounds out the list of approved spot Ethereum ETFs.

The only remaining step involves the approval of S-1 forms, which are necessary for publicly offering new securities. Issuers, including well-known names like BlackRock, Fidelity, Grayscale, VanEck, Franklin Templeton, Ark/21Shares, and Invesco/Galaxy, will need their S-1 forms approved before the ETFs can officially trade.

In the last week of May, the U.S. Securities and Exchange Commission (SEC) has told the issuers of spot Ethereum ETFs to submit their updated S-1 filings by Friday, May 31.

This request is part of the process for the trading approval of these ETFs.

The SEC’s move comes after the approval of spot Ethereum ETF products.

The crypto community is now awaiting the green light for S-1 registrations to begin Ethereum ETFs trading.