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The countdown for investors on the Spot Ethereum ETF continues, and the process has accelerated to a seemingly absurd stage. Just a few days before the final decision date, it emerged that the SEC had backtracked, and file updates began. From what we remember from the Bitcoin ETF process, these file updates could take weeks.
Latest Development on Spot ETH ETF
BlackRock and other companies applying for ETF issuance are updating their files. The SEC was sensitive about the staking part at this point. Companies are removing the staking sections from their files to shape the ETFs into the form the SEC wants. However, the work is not yet finished. Eleanor Terrett from Fox Business recently wrote about the latest rumors;
“I heard that discussions have begun between SEC staff and issuers regarding S-1 forms, and it was concluded that there is ‘work to be done’ on this matter.”
So, the final stage of S-1 filings has not yet been completed. The regulatory body had contacted exchanges, asking them to quickly complete their updates. 24 hours ago, the SEC was pushing exchanges to speed up, and now it seems to be giving feedback on the changes issuers need to make. This situation might delay the date when ETFs start trading on exchanges.
