Bloomberg Analyst Possibility of Ethereum Spot ETF Listing in Early July
Bloomberg ETF Analyst Eric Balchunas is moving 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 progressing!
SEC feedback has been issued, approval possible in early July
ETH slightly up, still below $3,500
Bloomberg is moving up 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 make revisions as soon as possible.
Balchunas believes the SEC has a chance to announce the effectiveness of the S-1 approval next week, and when the S-1 is approved, ETFs can usually be listed the next day. Therefore, Bloomberg is moving up the listing date for the Ethereum spot ETF to July 2nd.
Upon Balchunas’s comments, Ethereum rose slightly from yesterday’s low of $3,362, briefly breaking through $3,500, and was trading at $3,478 at the time of writing.
In the current market with a lack of catalysts, Bitcoin and Ethereum have not continued to hit new highs with the stock market, instead showing some signs of weakness.
Eric Balchunas
SEC
Ethereum spot ETF
Read more:
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