Eric Balchunas, ETF analyst at Bloomberg, wrote on the X platform that it looks like the expected listing of the spot Ethereum ETF will have to be postponed until after the holidays, that is, after July 8. He heard that the US Securities and Exchange Commission (SEC) took more time to respond to people this week (although only some very minor adjustments), and from what he heard, next week will be idle because of the holidays, and the approval process will resume on July 8, and then they will start soon.
Based on this, there is a view that this may be good news, mainly for the following reasons:
Increased market demand: The postponement of the listing may lead to an increase in the market demand for Ethereum, because investors may expect the price to rise after the ETF is listed, and thus buy Ethereum in advance.
Improved market confidence: The approval of the ETF is often seen as an endorsement of the cryptocurrency market, which may increase the market's confidence in Ethereum and attract more investors to the market.
Increased price volatility: The postponement of the ETF listing may lead to increased volatility in the price of Ethereum, because investors may react to market uncertainty. This may provide investors with more trading opportunities, but it also requires investors to have a higher risk tolerance.
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