The SEC delays spot ether ETFs which was initially expected by July 2 to July 8

The anticipated launch of spot ether exchange-traded funds (ETFs) in the United States, which was initially expected by July 2, has been delayed.

The U.S. Securities and Exchange Commission (SEC) returned the S-1 forms to potential ether ETF issuers with minimal comments. The issuers are now required to amend the forms and refile them by July 8.

Bloomberg analyst Eric Balchunas suggested that the delay might be due to some lapses in the documents submitted by the applicants.

Despite the delay, market experts foresee substantial investor interest in ether ETFs once they are approved.

For instance, Charles Yu, Vice President of Research at Galaxy Digital, speculated that ether ETFs might see up to $1 billion in monthly inflows during the first five months.