Bloomberg Analyst Ethereum Spot ETF May Launch in Early July

Bloomberg ETF Analyst Eric Balchunas
The listing date of the Ethereum spot ETF has been moved up to July 2nd, as the issuer has received feedback from the SEC, indicating that everything is in progress!
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SEC comment issued, early July approval possible
ETH slightly up, still below $3,500
Bloomberg will advance the listing date of the Ethereum spot ETF to July 2nd, as the staff of the U.S. Securities and Exchange Commission (SEC) 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 that the SEC may announce the approval of the S-1 next week, and when the S-1 is approved, ETFs are typically able to list the next day. Therefore, Bloomberg will advance the listing date of the Ethereum spot ETF to July 2nd.
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Balchunas’ comments caused Ethereum to rise slightly from yesterday’s low of $3,362, briefly surpassing $3,500, with a reported price of $3,478 at the time of writing.
In the current market situation lacking catalysts, 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
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