SEC Poised to Approve Ethereum ETF S-1

On May 22, the U.S. Securities and Exchange Commission (SEC) initiated conversations with potential issuers of Ether exchange-traded funds (ETFs). This move has led to speculation that approval of these ETFs might be on the horizon. Noted journalist Eleanor Terrett highlighted that these discussions between SEC staff and those issuing Ether ETFs revolved around the S-1 forms. She mentioned that while progress had been made, there was still considerable work left to be done.

For context, companies need to file S-1 forms with the SEC, offering a detailed overview of the company and the securities they plan to offer. 19b-4 forms are used by self-regulatory organizations, such as stock exchanges, to propose new rules or amend existing ones, and they require the SEC’s approval.

In a follow-up post, Terrett directed readers to insights from ETF experts. She speculated that if the SEC were to approve the 19b-4 forms by May 23, the commission might then collaborate with Ether ETF issuers on refining the S-1 forms over the ensuing weeks or months.

Eric Balchunas, a Senior ETF Analyst at Bloomberg, shared his expectations regarding the timing of the SEC’s potential announcement. He predicted that an update from the SEC could arrive around 4 PM on May 23, drawing parallels to the timing of previous announcements related to spot Bitcoin ETFs.

This recent activity follows closely behind the passage of the FIT21 crypto bill in the U.S. House of Representatives on May 22. The bill gained support from 208 Republicans and 71 Democrats, while 136 voted against it.

Adding to the anticipation, Consensys CEO Joseph Lubin commented on the potential approval of Ether ETFs. In an exclusive interview at DappCon in Berlin, Lubin expressed confidence that Ether ETFs in the U.S. were essentially a done deal. He believes that applications for the 19b-4 forms, filed by major firms like BlackRock, are likely to be approved. He noted that the process of finalizing S-1 forms might extend for some time.

Lubin further explained that as the U.S. presidential elections approach, there is increased pressure on the SEC to adopt a neutral stance. This pressure could influence the timeline and the approval processes for the Ether ETFs.

The unfolding developments indicate significant regulatory movements in the cryptocurrency space. The SEC’s interactions with Ether ETF issuers and the broader legislative context show how the landscape is gradually shaping up.

As the discussions continue, market participants, issuers, and stakeholders are closely watching for further announcements. The outcomes of these regulatory moves could have far-reaching implications for the future of cryptocurrency investments in the United States.

Philis Zurita

Philis Zurita

24 thoughts on “SEC Poised to Approve Ethereum ETF S-1

  1. Honestly, these discussions were supposed to lead to something concrete by now. Feels like they’re just buying time.

  2. This is such an encouraging update from Eleanor Terrett! Ether ETFs could open new investment avenues. Kudos for the thorough analysis!

  3. This is so frustrating. Investors need clarity, not endless speculation and bureaucracy.

  4. Kudos to Eleanor Terrett for keeping us updated on the SEC’s work with Ether ETFs. It feels like we’re on the brink of something big!

  5. So excited to follow these developments! Thanks, Eleanor, for the excellent coverage on Ether ETFs. This could be transformative! 🚀🌍

  6. This stretched out process is disheartening. At this rate, we’ll never see Ether ETFs in the U.S.

  7. Yet another example of governmental incompetence. By the time they approve it, who will even care anymore?

  8. Ether ETFs getting closer to reality? Count me in! Thank you, Eleanor Terrett, for the eloquent explanation.

  9. Eleanor Terrett’s insights are gold! Ether ETFs could soon be on the horizon, which is fantastic news for the crypto market.

  10. Super interesting developments! Could the Ether ETF approval be right around the corner? Fantastic coverage, Eleanor!

  11. Another classic case of regulatory overreach and inefficiency. This is why companies are setting up shop overseas.

  12. Incredible insights from Eleanor Terrett on the SEC’s discussions about Ether ETFs. This could be a landmark moment for crypto investors!

  13. This is huge! The SEC’s focus on Ether ETFs shows the growing acceptance of crypto in mainstream finance. Great job, Eleanor, for this deep dive!

  14. Super optimistic about the future of Ether ETFs after reading Eleanor Terrett’s update. Great to see such progressive regulatory movements! 📈🌐

  15. Great to see the SEC working on Ether ETFs. Eleanors updates give us hope for future crypto investments. Thanks for the info!

  16. Fantastic insight into the SEC’s Ether ETF deliberations. It’s exhilarating to see such regulatory progress! Thanks to Eleanor for keeping us informed. 🏛️📢

  17. I can’t believe the SEC is still dragging its feet on this. Approve or reject already! This constant back-and-forth is exhausting.

  18. Eleanor Terrett’s reporting gives us hope! Ether ETFs might be just what the U.S. market needs for crypto legitimacy. Fingers crossed! 🤞💡

  19. Great, more waiting. This whole process is like watching paint dry. Can we please get some real progress?

  20. Why does it take so long to get anything approved? This is exactly why the U.S. is falling behind in the crypto space.

  21. It’s thrilling to think Ether ETFs might finally be approved. Eleanor Terrett’s analysis brings clarity to the SECs movements.

  22. Eleanors updates are spot on! Ether ETFs could bring more liquidity and legitimacy to the market. Let’s keep our fingers crossed!

  23. Enlightening read from Eleanor Terrett on Ether ETF progress. The SEC’s discussions sound promising! Heres to hoping for swift approval.

  24. Ether ETFs might soon be a reality! Thanks, Eleanor Terrett, for highlighting the SEC’s progress. Let’s hope for the best!

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