Bloomberg Analysts Move Up Expected Ether ETF Launch to July 2
Bloomberg ETF analysts are moving up their expected Spot Ether ETF launch date to July 2nd, according to analyst Eric Balchunas. Following reports of the SEC staff giving S-1 responses to ETF issuers, Balchunas doesn’t expect the approval to face significant delays. JUST IN: Spot Ethereum ETF projected to launch by July 2nd, Bloomberg ETF analyst says. — Watcher.Guru (@WatcherGuru) June 14, 2024 According to Balchunas, the SEC’s comments on S-1s are “pretty light,” and “nothing major.” The analyst says the SEC is asking for the S-1 form revisions to be returned in a week. Furthermore, the ETF analyst says there is a “Decent chance they work to declare them effective the next week.” The SEC reportedly can finalize the approvals before the Independence Day holiday weekend, however, “anything is possible.” This is a much sooner expectation than recently predicted by the SEC chair, Gary Gensler. Earlier thi...