VanEck and 21Shares Revise S1 Filings for Approval of Ethereum ETF

The SEC accepted 19b-4 filings for spot Ether ETFs from eight asset managers on May 23. According to SEC Chair Gary Gensler, the S-1s may receive approval sometime during the summer. In order to list and trade shares of spot Ethereum (ETH) ETFs, VanEck and 21Shares have updated their S-1 registrations with the SEC. Both firms filed revised forms on July 8, with no specific date given for the debut on US exchanges. The SEC requires these revised filings in order for asset management companies to offer shares of spot Ether ETFs. Bitwise also submitted its own revised registration on July 3, and more businesses are expected to do the same in the coming week. It has been reported that the SEC is considering whether or not to classify ETH as a security, which could further delay the clearance process.