The United States Securities and Exchange Commission (SEC) has set a date for the re-filing of the S-1 amendments for spot Ethereum exchange-traded funds (ETFs), which is July 8. The SEC returned the S-1 amendments with some comments, and the issuers are expected to address these comments and refile their registration by the given deadline. Although the projected timeline remains unknown, proponents are hopeful for a July launch.

The push for spot Ethereum ETF is nearing its tail end. The SEC scheduling a date for S-1 refiling has brought spot Ethereum ETFs trading approval closer. Nate Geraci, the President of ETFStore, noted that the SEC has returned the S-1 amendments for spot Ethereum ETF products with a few light comments. The SEC's decision to approve the first Ether ETF filings implies the coin can now be classified as a commodity instead of a security.

Some issuers have been asked to submit S-1 amendments by July 8. However, there would still be one more round of filings after that before ETFs can start trading. Several analysts looked forward to having the proposed rule change in the market on or before July 4. Bloomberg ETF analysts Eric Balchunas and James Seyffart also estimated to launch next week. However, the date scheduled for refiling already shows that the speculated day is not feasible.

VanEck, BlackRock, Fidelity Investments, Grayscale Investments, Ark 21Shares, Invesco Galaxy, Franklin Templeton, and Bitwise, which all received approval for the spot Ethereum ETF product in May, will have to wait for at least two more weeks before trading can commence. This still aligns with Gary Gensler's earlier statement about the timeline for the launch of the Ethereum ETF product. The Chairman of the Commission was not so specific about any date but stated that approvals for offerings like Ethereum ETF usually come "sometime over the course of this summer."

While awaiting the final approval from the SEC, most of the spot Ethereum ETF filers have been taking steps to prepare for the offering. On June 25, VanEck filed its 8-A form as part of the process leading to the launch of any ETF product. The Form 8-A is a registration that allows issuers to trade the ETF on an exchange. More recently, 21Shares has also submitted the Form 8-A for its Spot Ethereum ETF application to the U.S. SEC. This has helped it solidify its position amongst its counterparts.