The U.S. Securities and Exchange Commission (SEC) has delayed the launch of the anticipated spot Ethereum ETFs, requiring issuers to refile S-1 forms with additional comments. This development has pushed the expected approval date to mid or late July. While the SEC Chair Gary Gensler indicated the process is progressing smoothly, this delay affects major issuers like BlackRock, Fidelity, and VanEck. Market reactions were swift, with Ethereum’s price dropping by over 1% amid broader crypto market selloff pressures.
SEC Delay Postpones Ethereum ETF Launch, Impacting Crypto Market Sentiment
