The anticipation surrounding the authorization of Ethereum spot ETFs has been delayed once again. Initially expected to be completed by July 2, the U.S. Securities and Exchange Commission (SEC) has extended the deadline for issuers to submit revised documentation until July 8.

Eric Balchunas, Senior ETF Analyst at Bloomberg, expressed his frustration on social media: “Unfortunately, we will have to postpone our over/under date until after the holiday. The SEC took extra time to get back to people this week, although the adjustments were very slight.” He also added that “From what I hear, next week is dead because the holiday = July 8th the process will resume, and shortly after that, they will be released.”

Last month, SEC Chairman Gary Gensler indicated that approval of Ethereum ETFs could happen by “the end of the summer,” highlighting the need to review and approve S-1 forms, which are essential for the launch of Ethereum spot ETFs. This follows the authorization of 19b-4 forms, which were approved by the SEC in May.

Several ETF issuers have sought to attract institutional investment through aggressive fee-waiver policies. Franklin Templeton announced that it will waive its 0.19% sponsorship fee on the first $10 billion in assets for six months. Similarly, VanEck has waived its 0.20% sponsorship fee on the first $1.5 billion through an as-yet-unspecified date in 2025. It is worth noting that industry giants such as BlackRock and Fidelity have not yet disclosed their fees.

Jupiter Zheng, partner at HashKey Capital’s Liquid Fund, commented on Ethereum’s potential to attract institutions, particularly in the finance, supply chain and technology sectors. Zheng predicts a modest market recovery with the launch of ETFs, but also expects a “sell the news” sentiment to prevail among investors.


The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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