Spot Ether ETFs Set for Potential U.S. Launch in Early July

Spot Ether ETFs Set for Potential U.S. Launch in Early July



Bloomberg analyst Eric Balchunas anticipates spot Ether (ETH) exchange-traded funds (ETFs) will commence trading in the U.S. by early July.



In a revised forecast, Balchunas has set the over/under date for the official launch of these ETFs to July 2. He highlighted that the U.S. Securities and Exchange Commission (SEC) staff had provided comments on the S-1 filings, describing them as "pretty light" and free from significant issues. The SEC has requested responses within a week, suggesting a probable approval ahead of the holiday weekend.



Balchunas emphasized that while the exact timeline remains uncertain, this is their best estimate. On June 13, SEC Chairman Gary Gensler, during his testimony to Senator Bill Hagerty, indicated that the approval of the S-1 filings for spot Ethereum ETFs is anticipated by the end of the summer.


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#Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #EthEtf, #Ether, #Ethereum, #News, #Regulations

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