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International Business Times

Business

Marvie Basilan

Spot ETH ETF Applicants Reportedly Ironing Out 'Reasonable' SEC Comments

SEC ETF Eric Balchunas Ethereum Gary Gensler Nate Geraci Bitwise Ripple

Progress is being made in the approval process for spot Ether ETFs as issuers are reportedly now working on amending their S-1 filings. (Credit: Ethereum Website/Screenshot)

KEY POINTS

One source expects prospective issuers to file amended S-1 documents "pretty quickly"
SEC Chair Gensler previously said the timeline of approval depends largely on the responsiveness of issuers
He told lawmakers during a hearing last week that S-1 approvals may come sometime this summer

After its earlier "silence" in terms of engaging with applicants for a spot Ethereum (ETH) exchange-traded fund (ETF), the U.S. Securities and Exchange Commission (SEC) has reportedly provided comments and the applying issuers are now working to iron things out, a new report revealed.

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