ChainCatcher news, according to The Block, 21Shares has submitted a revised Ethereum spot ETF S-1 form to the U.S. SEC.

ChainCatcher news, Bloomberg ETF analyst James Seyffart posted on social media, "Asset management company Bitwise has submitted a revised S-1 form for its Ethereum spot ETF, a few days ahead of the July 8 deadline. Other issuers are also expected to submit more revised S-1 forms this week. We believe these products may launch later next week or during the week of the 15th.One important update is that Bitwise has indeed added a 6-month fee waiver for up to $500 million in assets under management. We still do not know the specific fees, but there is indeed a waiver."

ChainCatcher news, Alexander Grieve, head of government relations at the venture capital firm Paradigm, stated that SEC Commissioner Mark Uyeda issued a statement regarding the registration rules for index-linked annuities and registered market capitalization-adjusted annuities. In a footnote, he called for an update to the S-1 form to better accommodate the uniqueness of cryptocurrencies. This is Uyeda's first public call for a tailored information disclosure system for crypto assets.

ChainCatcher news, according to The Block, in the latest round of negotiations before the S-1 form takes effect, the U.S. Securities and Exchange Commission (SEC) has returned the S-1 forms to its potential Ethereum ETF issuers.Sources say that the returned forms only included a few comments. Issuers have been asked to address these comments and resubmit by July 8. This means that at least one more round of filings is needed before the ETF can finally begin trading. However, there is no specific deadline for the S-1 form, and issuers must rely on the processing speed of the SEC.

According to ChainCatcher news, citing sources familiar with the matter, the U.S. Securities and Exchange Commission has returned the S-1 form to potential Ethereum spot ETF issuers, but with only a few comments attached. The issuers have been asked to address these comments and resubmit by July 8. This means that at least one more round of filings is required before the ETF can finally begin trading.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media, "It is expected that later this afternoon, Ethereum spot ETF issuers will submit a series of amended S-1 forms, and then the SEC will notify the issuers about the final modifications and effectiveness (i.e., final approval). It is anticipated that the Ethereum spot ETF will launch on July 2."

ChainCatcher news, according to The Block, two informed sources revealed that the issuer of the Ethereum spot ETF is still waiting for comments from the SEC after submitting the first round of S-1 form drafts on May 31. The issuer originally expected the SEC to comment on these drafts by June 7. However, at least two issuers have not yet received any feedback. One informed source stated that they now expect a response this week.Previously, SEC Chairman Gary Gensler indicated that approving the S-1 form "takes some time." It is still unclear how long this process will take. One source had previously stated that they expect the S-1 form to go through at least two more rounds of draft documents before it is ready.

ChainCatcher news, according to The Block, two insiders revealed that the SEC has requested issuers to submit the S-1 draft by Friday. After that, the SEC will provide the first round of comments and ultimately make further modifications.On the day the ETF was approved, VanEck immediately submitted a revised version of its S-1 form. On May 30, BlackRock followed suit, detailing that its ETF would use $10 million as seed capital.The details of the seed investment are quite straightforward for the issuers, which means that other aspects of the form may take longer to resolve. They indicated that the S-1 form is expected to go through at least two more rounds of draft submissions before it is ready.

ChainCatcher news, according to The Block Pro, Fidelity has submitted an S-1 form for the proposed spot Ethereum ETF, which includes staking features.

ChainCatcher news, according to The Block, Grayscale submitted an S-1 form to the U.S. Securities and Exchange Commission on Tuesday to register its new mini version of the Grayscale Bitcoin Trust (GBTC), named "Grayscale Bitcoin Mini Trust," with the ticker symbol "BTC," aimed at becoming a "spin-off" of GBTC.According to its filing, the mini version of GBTC is expected to provide holders with additional Bitcoin risk exposure without incurring extra tax payments.

According to ChainCatcher news, official information shows that Invesco and Galaxy have submitted a third amended Bitcoin spot ETF prospectus (S-1 filing) to the U.S. Securities and Exchange Commission (SEC), which promises to focus on launching a Bitcoin exchange-traded fund (ETF) created solely through cash.In this regard, Bloomberg ETF analyst Eric Balchunas pointed out that this is a clear signal indicating that the SEC prefers the cash creation method for initial ETF product approvals. Although the market is generally focused on whether BlackRock can persuade the SEC to accept the in-kind creation method, internal sources suggest that the SEC seems to only allow cash methods for the first batch of products.