Bloomberg Analyst Possibility of Ethereum Spot ETF Launching in Early July
Bloomberg ETF Analyst Eric Balchunas has moved up the listing date for the Ethereum spot ETF to July 2nd, as the issuer has received feedback from the SEC indicating that everything is in progress!
SEC comments have been issued, early July approval possible
ETH slightly up, still below $3,500
Bloomberg has accelerated the listing date for the Ethereum spot ETF to July 2nd, as the U.S. Securities and Exchange Commission (SEC) staff has sent comments on the S-1 application to the issuer, and these comments are minor, with the SEC requesting the issuer to respond promptly.
Balchunas believes the SEC may announce the approval of the S-1 next week, and when the S-1 is approved, ETFs typically can start trading the next day. Therefore, Bloomberg has moved up the listing date for the Ethereum spot ETF to July 2nd.
With Balchunas’ comments, Ether rose slightly from yesterday’s low of $3,362, briefly surpassing $3,500 before the deadline at $3,478.
In the current market environment lacking catalysts, Bitcoin and Ether have not continued to hit new highs with the stock market, instead showing signs of weakness.
Eric Balchunas
SEC
Ethereum spot ETF
Further reading:
ETH is undervalued, Ethereum spot ETF approval should “buy the news”!
No voting, no comments, Ethereum spot ETF clears quickly, committee can still request review?
