**Spot Ether ETFs Expected to Launch Post-Holiday Delays**
Bloomberg’s senior ETF analyst Eric Balchunas has updated his prediction regarding the launch of ether exchange-traded funds (ETFs) on social media platform X. Initially, he anticipated that spot ether ETFs would launch on July 2. However, he now notes that the U.S. Securities and Exchange Commission (SEC) is taking extra time to respond to issuers this week, partly due to the Fourth of July holiday. Consequently, Balchunas expects the review process to resume on July 8, with the spot ether ETFs likely launching shortly thereafter.
Despite the SEC’s approval of 19b-4 filings for eight ether ETFs in May, these funds still need the green light on their S-1 registration statements before they can officially trade on U.S. exchanges. SEC Chair Gary Gensler, during his testimony before the U.S. Senate Appropriations Subcommittee on Financial Services on June 13, indicated that spot ether ETFs are on track to launch this summer. He recently affirmed that the review process is progressing smoothly and that asset managers are diligently working through the registration requirements. Meanwhile, two asset managers, Vaneck and 21shares, have already filed registration statements with the SEC to launch spot solana ETFs.
When do you think U.S. spot ether ETFs will launch? Let us know in the comments section below.