"You promised that Ethereum ETF will fly to the moon bro?". Reasons why ETHEREUM ETF hasn't pumped yet.

After the 19b-4 forms were approved on May 23, the only remaining step is for the S-1 forms to become effective before trading can begin. However, since the approvals resulted from a last-minute change in direction from the SEC, the S-1 forms were not prepared in advance. Yet progress is now being made.

Analysts anticipate that the S-1s will take a few weeks to be turned around, potentially a few months, if the process goes slowly.

But, even if the U.S. Securities and Exchange Commission (SEC) approves each of the filings from BlackRock, Fidelity, VanEck, and other firms, and investors fear that the current market conditions do not favor demand for the Ethereum ETFs. Part of the lack of enthusiasm toward cryptocurrencies comes from regulatory uncertainty, but there’s also some concern on the macroeconomic side as the real estate market displays further signs of stress.