According to Odaily, reporter Eleanor Terrett has reported on platform X that there have been discussions between the staff of the Securities and Exchange Commission (SEC) and the issuers of Ethereum ETFs regarding the S-1 file. The conclusion drawn from these discussions is that there is still 'some work to be done' on these issues.
The S-1 file is a crucial document that companies must submit to the SEC before they can list their securities on a U.S. exchange. The discussions between the SEC staff and the Ethereum ETF issuers indicate that there are still unresolved issues that need to be addressed before the Ethereum ETFs can be listed.
Eleanor Terrett did not provide further details about the nature of the issues or the specific work that needs to be done. However, the fact that these discussions are taking place suggests that the SEC is taking the potential listing of Ethereum ETFs seriously. This could have significant implications for the cryptocurrency market, as the listing of Ethereum ETFs would provide a new way for investors to gain exposure to this popular cryptocurrency.
The news comes at a time when the SEC is under increasing pressure to clarify its stance on cryptocurrencies and related financial products. Many in the cryptocurrency industry are hoping that the SEC will provide clear guidelines that will allow for the listing of more cryptocurrency ETFs. However, the ongoing discussions about the S-1 file suggest that the SEC is still working to understand the complexities of these products before it can provide clear guidance.