Analyst Predicts Early July Launch of Spot Ethereum ETFs in the U.S.

Eric Balchunas, a seasoned analyst at Bloomberg specializing in ETFs, has projected that spot Ethereum ETFs may start trading in the U.S. by July 2.

A Bloomberg Commodities ETF analyst has pinpointed July 2 as a potential launch date for spot Ethereum ETFs in the U.S. This projection is based on the encouraging feedback from the Securities and Exchange Commission (SEC) on S-1 applications, which could lead to swift approval.

According to Eric Balchunas, the SEC is likely aiming to finalize these approvals before the U.S. Independence Day holiday. This aligns with the recent development of eight 19b-4 filings being approved on May 23, paving the way for the launch of several ETFs. However, the commencement of trading is still contingent on the approval of the required S-1 registration statements.

The journey towards trading spot Ethereum ETFs has reached a pivotal phase with the SEC’s Division of Corporation Finance now scrutinizing the applicants’ disclosures. Initially, there were doubts about meeting the early July deadline, but recent events have bolstered confidence in a timely launch.

The market’s response to potential spot Ethereum ETFs is a subject of diverse expectations. SEC Chair Gary Gensler has provided a broader timeframe for approval, extending up to September’s end. He emphasized that the speed of approvals depends on issuers’ efficiency in addressing SEC inquiries.

While some traders are optimistic about an Ethereum price rally, considering Bitcoin’s surge post-ETF, not all share this sentiment. According to Stephen Richardson from Fireblocks, Ethereum’s use cases and the lack of a clear valuation method, compared to Bitcoin’s more straightforward market dynamics, may lead to different market behavior.

In conclusion, as spot Ethereum ETFs approach their trading debut in the U.S., market participants are eagerly awaiting what could be a transformative event for cryptocurrency trading. The anticipation is palpable, with varied opinions on how this development will shape Ethereum’s valuation and its broader acceptance in financial markets.

News source：https://www.kdj.com/cryptocurrencies-news/articles/analyst-predicts-july-launch-spot-ethereum-etfs.html

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