VanEck and 21Shares Submit Revised Ether ETF Applications to SEC

Asset management companies VanEck and 21Shares have made changes to their S-1 registrations with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether (ETH) exchange-traded fund (ETF). The amended filings are the final step before the SEC can approve the listing of spot Ether ETF shares. VanEck and 21Shares submitted their amended forms on July 8, with no specific launch date provided. However, they stated that the launch would occur “as soon as practicable after the effective date” of the registration. Bitwise also filed its own amended registration on July 3, and it is expected that other companies will do the same in the coming week. In May, the SEC approved spot Ether ETF 19b-4 filings from eight asset managers, including VanEck, 21Shares, and Bitwise, leading experts to predict that final approvals could be granted in July. SEC Chair Gary Gensler previously mentioned that the commission could approve the S-1s “sometime over the course of this summer,” without providing a specific date. VanEck applied for a spot Ether ETF in January, following the SEC’s approval of spot Bitcoin (BTC) ETF shares. The approval process for Ether ETFs may have been delayed due to reports of the SEC considering whether ETH should be treated as a security. However, in June, Consensys’ legal team reported that the commission had dropped this matter.