Bloomberg ETF analyst Eric Balchunas has moved up the listing date of 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, approval possible in early July
ETH slightly up, still below $3,500
Bloomberg has advanced the listing date of the Ethereum spot ETF to July 2nd, as the U.S. Securities and Exchange Commission (SEC) staff has sent comments regarding the S-1 application to the issuer, and these comments are minor, with the SEC requesting the issuer to respond as soon as possible.
Balchunas believes the SEC may announce the approval of the S-1 next week, and when the S-1 is approved, ETFs usually start trading the next day. Therefore, Bloomberg has moved up the listing date of the Ethereum spot ETF to July 2nd.
Upon Balchunas’ comments, Ether rose slightly from yesterday’s low of $3,362, briefly exceeding $3,500 before trading at $3,478 at the time of writing.
In the current market situation lacking catalysts, Bitcoin and Ether have not continued to set new highs along with the stock market, instead showing some signs of weakness.
Eric Balchunas
SEC
Ethereum spot ETF
Further reading:
ETH undervalued, Ethereum spot ETF approval should be “buy the news”!
No vote, no comments, Ethereum spot ETF clears quickly, committee can still request review?