Bloomberg ETF Analyst Eric Balchunas has moved 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 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 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 respond promptly.
Balchunas believes there is a chance that the SEC will announce the approval of the S-1 next week, and once the S-1 is approved, ETFs usually can be listed the next day. Therefore, Bloomberg has moved up the listing date for 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 was reported at $3,478 at the time of writing.
In the current market where catalysts are lacking, Bitcoin and Ether have not continued to set new highs with the stock market, instead showing signs of weakness.
Eric Balchunas
SEC
Ethereum spot ETF
ETH undervalued, Ethereum spot ETF approval should be “buy the news”!
No vote, no comments, Ethereum spot ETF clears quickly, can the committee still request a review?