VanEck and 21Shares Revise S1 Filings to Seek Approval for Spot Ethereum ETF

The Securities and Exchange Commission (SEC) accepted spot Ether ETF 19b-4 filings from eight asset managers on May 23. According to SEC Chair Gary Gensler, the S-1 registrations for these ETFs could be approved sometime during the summer. In order to list and trade shares of a spot Ethereum (ETH) ETF, asset management firms VanEck and 21Shares have updated their S-1 registrations with the SEC. Both firms submitted revised forms on July 8, with no specific debut date on U.S. exchanges provided. The SEC requires these revised filings as part of the final approval process for offering shares of spot Ether ETFs. Bitwise also submitted its own revised registration on July 3, and it is expected that more businesses will do the same in the coming week. It has been reported that the SEC is currently considering whether or not to classify ETH as a security, which could further delay the clearance process.