According to ChainCatcher, Bloomberg ETF analyst James Seyffart previously said that he and his colleagues believed that as the application process was improved, the spot Ethereum ETF could be launched around July 15, but now he said he was "not confident" about launching the Ethereum ETF at this time, adding that there is no official approval timetable and the SEC's Division of Corporate Finance is "taking its time" to approve each fund.

However, another Bloomberg ETF analyst, Eric Balchunas, believes that all signs indicate that "the Ethereum ETF will still be launched this month," for example, Bitwise has been able to modify its application earlier than the July 8 deadline expected by it and other applicants.