Bloomberg Analyst Ethereum Spot ETF Likely to Launch in Early July
Bloomberg ETF Analyst Eric Balchunas has moved up the listing date of the Ethereum spot ETF to July 2nd, as the issuer has received a response from the SEC indicating that everything is in progress!
SEC comments have been issued, approval possible in early July
ETH slightly up, still below $3,500
Bloomberg has moved up the listing date of the Ethereum spot ETF to July 2nd, as the U.S. Securities and Exchange Commission (SEC) staff has sent comments on the issuer’s S-1 application, and these comments are minor, with the SEC requesting the issuer to respond promptly.
Balchunas believes that the SEC may announce the approval of the S-1 next week, and when the S-1 is approved, ETFs typically list the next day. Therefore, Bloomberg has moved up the listing date of the Ethereum spot ETF to July 2nd.
Balchunas’ comments led to a slight increase in Ether from yesterday’s low of $3,362, briefly breaking above $3,500 and reporting at $3,478 at press time.
In the absence of catalysts in the market recently, Bitcoin and Ethereum have not continued to set new highs with the stock market, instead showing some signs of weakness.
Eric Balchunas
SEC
Ethereum spot ETF
ETH undervalued, Ethereum spot ETF approval should be “buy the news”!
No voting, no comments, Ethereum spot ETF passes quickly, commissioners can still request a review?
