Key Points
- The US SEC added ProShares’ Ethereum ETF to its official website, Bloomberg’s James Seyffart reveals.
- ETH ETF issuers are still waiting for the SEC’s comments on their S-1 applications.
Bloomberg’s analyst, James Seyffart just noted in a message via his X account, that the US SEC has added the ProShares’ Ethereum ETF filing to its website.
He continued and said that this is extremely quick and his instinct tells him that this will not launch on day one along with the other ETH ETFs.
Seyffart also posted another message, telling followers that he has a lot of questions regarding this recent listing. He noted that this new filing has not been approved like the others at least for now.
He said that this was simply acknowledged by the SEC and added to their website, also noting that it’s intriguing the fact that ProShares is jumping in the ETH ETF race so late.
Have gotten a bunch of questions. This doesn’t mean a ton. This filing has *NOT* been approved like the others (not yet at least). It was simply acknowledged by the SEC and added to their website. It’s intriguing that ProShares is jumping in late though.
— James Seyffart (@JSeyff) June 10, 2024
Ethereum ETF issuers are still expecting feedback from the SEC
Earlier, we reported that the Ethereum ETF initial issuers are still expecting feedback from the US SEC.
The regulator has to offer its first round of comments on the S-1 forms that the ETH ETF issuers have submitted until May 31.
The issuers have been anticipating the SEC would offer comments on these drafts on June 7, a source said based on conversations with the agency.
It has been reported that at least two issuers have not yet received feedback yet. Sources familiar with the situation reportedly believe that the comments are set to come this week.
Ethereum ETFs are expected to go live this month, based on previous predictions that have been gaining momentum.
Bloomberg’s Eric Balchunas recently revealed that he expects ETH ETFs to grab 20% of what Bitcoin ETFs managed to accomplish.