Bloomberg Analyst Predicts July 2 Launch for Spot Ethereum ETF

The post Bloomberg Analyst Predicts July 2 Launch for Spot Ethereum ETF appeared first on Coinpedia Fintech News

Bloomberg analyst Eric Balchunas has revealed a revised launch date for the spot Ethereum ETF: July 2nd. This announcement follows positive feedback from the SEC. The review of S-1 filings by the SEC is proceeding well, with only a few comments needing to be addressed. Balchunas mentioned this new accelerated timeline for the SEC, aiming for ETF approval before the holiday weekend. SEC Chair Gary Gensler indicated that the approvals could occur by the end of summer. This revised date may provide better regulatory clarity and increase investor confidence in Ethereum, following the successful introduction of Bitcoin-based ETFs.