The Ethereum spot ETF S-1s are expected to receive approval from the SEC Chair this summer. The sponsor fee disclosure was omitted by the asset manager. Fidelity Investments, a financial services giant, recently made modifications to the S-1 registration form for the spot Ethereum ETF. It is anticipated that most potential spot Ethereum issuers will submit these changes today, as previously expected.
The revised S-1 filing by Fidelity Investments comes amidst circulating rumors about the approval and commencement of trading for spot Ethereum ETFs. However, Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out a significant omission in Fidelity’s disclosure. He noted that Bitwise and BlackRock also did not disclose their fees in their recent filings, contrary to popular belief.
Franklin Templeton, on the other hand, deviated from convention by setting its sponsor fee at 19 basis points. Balchunas suggested that the delay in approval might extend until the final day of trading since most issuers cannot indefinitely offer the spot ETF without fees.
All attention is now focused on the SEC Chair, Gary Gensler, who anticipates the approval of Ethereum spot ETF S-1s this summer. Previous speculation regarding the launch window of the S-1 forms led to this conclusion. Opinions within the community vary following Gensler’s statement about the forthcoming approval of the spot ETH ETF S-1 this summer.
During discussions with lawmakers, Gensler mentioned his schedule with Senator Hagerty, triggering speculation on social media about the possible listing date of the Ethereum ETF. The approval of the spot 19b-4 filings on May 23 further fueled these speculations.
Furthermore, Gensler emphasized that the ultimate authority over the listing schedule rests with the issuers, not the SEC. He stressed the importance of their responsiveness to feedback in determining the speed of the approval process.
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