The SEC has asked issuers to add in the Sponsor Fee in the next filing, which is due by Wednesday.
After Bloomberg Senior ETF Analyst Eric Balchunas posted on social media site X naming July 23 as the launch date, sources at two issuers confirmed to The Block the information in Balchunas's post.
"Hearing SEC finally gotten back to issuers today, asking them to return final S-1s on Wed ," Balchunas posted on X Monday. "And then request effectiveness on Monday after close for a Tuesday 7/23 launch."Wall Street heavyweights like BlackRock and Fidelity have been working with the U.S. Securities and Exchange Commission for weeks, hoping to launch their spot ether ETFs as soon as possible. The new financial instruments have been slowly approaching a likely launch in the U.
Ever since the successful launch of spot bitcoin ETFs in January, a host of financial institutions have been trying to secure approval for an exchange-traded fund that allows investors to wager on the price of Ethereum without having to buy the cryptocurrency directly. The price of ether was up 6.7% to $3,411 over the past 24 hours, according to The Block's ETH price page.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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