Senior ETF analyst at Bloomberg, Eric Balchunas, has updated his forecast for the launch of spot ethereum exchange-traded funds (ETFs). Last month, the U.S. Securities and Exchange Commission (SEC) approved 19b-4 filings for eight spot ether ETFs. However, S-1 filings still need approval before these ETFs can officially launch.
Balchunas announced on social media that Bloomberg has revised the expected launch date for spot ethereum ETFs to July 2. This update comes after the SEC Staff provided issuers with feedback on their S-1 filings. According to Balchunas, the comments were minor, suggesting a smooth approval process.
The analyst expressed confidence in the SEC finalizing the S-1 filings next week, possibly before the holiday weekend. However, he acknowledged the unpredictable nature of regulatory decisions, cautioning that the timeline could still change. Despite this, he emphasized that this revised prediction is the most accurate estimate at present.
In a subsequent post, Balchunas clarified that his previous estimate was July 4, indicating that the new date is not a significant departure. He noted that the extended timeline is actually positive news, as it indicates progress towards approval. Typically, ETFs go live the day after S-1 filings are approved.
What are your thoughts on when U.S. spot ethereum ETFs will launch? Share your opinions in the comments below.