• The SEC has asked ETH ETF issuers to bring their S-1 filings by Friday.
• JPMorgan analysts said that spot ETH ETFs will not see significant inflows.
• After the removal of staking, ETH ETFs are not attractive anymore, said JPMorgan.

The United States Securities and Exchange Commission (SEC) has requested all firms that have filed for spot Ethereum (ETH) exchange-traded funds (ETFs) to submit their amended S-1 filings by Friday.

This request comes after the regulator unexpectedly approved the spot ETH ETF 19b-4 filings on May 23 from VanEck, BlackRock, Grayscale, and other applicants. However, the firms’ initial S-1 filings were not aligned with the SEC’s expectations, causing a last-minute scramble to adjust the applications.

Despite this setback, the application process is moving forward. The asset management firms have been instructed to resubmit their S-1 filings by Friday, after which the regulator will issue its first round of comments, prompting further amendments.

Meanwhile, a team of analysts at JPMorgan led by Nikolaos Panigirtzoglou published a report predicting that “the initial ma…

The post SEC Gives Ethereum ETF Applicants a Friday Ultimatum: Revise or Risk Rejection appeared first on Coin Edition.

• The SEC has asked ETH ETF issuers to bring their S-1 filings by Friday.
• JPMorgan analysts said that spot ETH ETFs will not see significant inflows.
• After the removal of staking, ETH ETFs are not attractive anymore, said JPMorgan.

The United States Securities and Exchange Commission (SEC) has requested all firms that have filed for spot Ethereum (ETH) exchange-traded funds (ETFs) to submit their amended S-1 filings by Friday.

This request comes after the regulator unexpectedly approved the spot ETH ETF 19b-4 filings on May 23 from VanEck, BlackRock, Grayscale, and other applicants. However, the firms’ initial S-1 filings were not aligned with the SEC’s expectations, causing a last-minute scramble to adjust the applications.

Despite this setback, the application process is moving forward. The asset management firms have been instructed to resubmit their S-1 filings by Friday, after which the regulator will issue its first round of comments, prompting further amendments.

Meanwhile, a team of analysts at JPMorgan led by Nikolaos Panigirtzoglou published a report predicting that “the initial ma…

The post SEC Gives Ethereum ETF Applicants a Friday Ultimatum: Revise or Risk Rejection appeared first on Coin Edition.