Ethereum
Bloomberg Experts Predict Ethereum ETF US Launch for July 2
Bloomberg exchange-traded fund (ETF) expert says Ethereum spot market (ETH) ETFs should be expected in the US by early July.
In a new thread on social media platform said ETH-based ETFs could be approved by July 2 after it was discovered that the U.S. Securities and Exchange Commission (SEC) responded to S-1 filings from several high-profile financial firms.
According to Balchunas, the regulatory agency returning the amendment forms implies that approval is imminent.
“We are moving our plus/minus date for the Spot Ether ETF launch to July 2, after hearing from staff sending feedback to issuers on the S-1s. [on Friday]and they are quite light, nothing serious, I ask for them in a week.
Good luck as they work to declare them effective next week and get them off their plate before [the] holiday weekend. Anything is possible, but that’s our best guess for now.
The second approved 19b-4 filed by the companies earlier this year, which included offerings from BlackRock, Fidelity, VanEck, Grayscale, Bitwise, ARK, Franklin Templeton and Invesco Galaxy.
Balchunas Remarks that its initial ETH ETF approval date was July 4.
“Our previous over/under was July 4th, so it’s not a major change, but 1) we started to think it would take longer, so that’s pretty good news and 2) we’re basically deciding over/under on where we are most torn 50 -50 on where to bet and July 2 is that date right now.
In May, former SEC Chairman Jay Clayton said that the regulator’s approval of the company’s 19b-4 filings means that approval of ETH ETFs is “inevitable.”
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