Nate Geraci believes that issuers will have all the remaining changes to the S-1 forms required for product approval by July 8. After the SEC reviews these changes, which will take several days, the regulator will issue a verdict:
“Final S-1 filings could be approved by July 12, meaning ETH ETFs will launch on July 15.”
In June, the regulator returned the applications to would-be ETH-ETF issuers with a request to make amendments. Filing S-1 forms is part of the process for launching exchange-traded products on U.S. stock exchanges.
Earlier, a report by research company Stento Research indicated that the Ether rate would reach $6,500 after the Ether ETF was approved by the US authorities. The inflow of funds into the ETH ETF could amount to $15-20 billion per year, experts suggest.
Source: Bits
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