The United States SEC has delayed the launch of spot Ethereum ETFs, which individuals expected to happen by 4 July.

Consequently, the regulator returned S-1 Ethereum ETF forms to all applicants. Issuers have until 8 July to resubmit their filing.

The SEC needs more time to review the applications, postponing the launch timeframe to mid-July or later.

The delay could yield Fear Doubt and Uncertainty (FUD) in the Ethereum ecosystem in the coming week.

Nevertheless, SEC chairman Gary Gensler assured smooth progress in the Ethereum exchange-traded fund approval process.

Bloomberg ETF analyst Eric Balchunas believes the SEC will begin working on the S-1 forms on 8 July before approval comes next.