Share this article
SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources
Issuers have been asked to submit their final S-1 documents by Wednesday.
Updated Jul 15, 2024, 9:09 p.m. Published Jul 15, 2024, 9:06 p.m.
- ETH exchange traded-funds issuers were told by the SEC that funds can start trading July 23, according to sources.
- The SEC had no further comments on the recently submitted S-1s and the final versions needs to be submitted by Wednesday.
- ETH outperformed BTC on Monday, on the news of potential ETF trading approval.
Prospective issuers of a spot ether exchange-traded fund (ETF) were told by the Securities and Exchanges Commission (SEC) on Monday that the funds can begin trading next Tuesday, two sources familiar with the matter told CoinDesk.
SEC officials told one issuer that the regulator had no further comments on the recently submitted S-1s and that the final versions needed to be submitted by Wednesday, one of the source said, adding that the funds can subsequently be listed on exchanges on Tuesday, July 23.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A second source said it's possible that trading could start on Tuesday, after the ETFs are deemed effective next Monday.
Bloomberg Intelligence senior ETF analyst Eric Balchunas first reported the development on a social media post.
Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94
— Eric Balchunas (@EricBalchunas) July 15, 2024
The issuers submitted amended S-1 documents last week but have yet to disclose some of the details, including how much management fee they will be charging investors. Only a few issuers, including VanEck and Invesco Galaxy, have so far revealed their fees.
Once live on the market, the spot ether ETFs could see inflows of up to $5 billion in the first six months, crypto exchange Gemini predicts. Steno Research said it expects inflows of up to $20 billion in the first year.
The price of ether rose as much as 7.3% on Monday, outpacing bitcoin's 6% gain, on the news of ETFs starting to trade next week. The broader market index CoinDesk 20 climbed 5.6% today.
Nik De also contributed to the reporting of this story
Read more: Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
