According to BlockBeats, Eric Balchunas, a Bloomberg ETF analyst, has announced on social media that Ethereum spot ETF issuers are expected to submit a series of revised S-1 forms later this afternoon. Following this, the Securities and Exchange Commission (SEC) will notify the issuers about the final modifications and validity, which essentially means final approval. Balchunas remains firm in his prediction that the Ethereum spot ETF will be launched on July 2.
The submission of revised S-1 forms is a significant step in the process of launching an ETF. These forms contain crucial information about the proposed fund, including details about its structure, investment objectives, and risk factors. The SEC's notification regarding the final modifications and validity of these forms is essentially the final approval needed before the ETF can be launched.
The launch of an Ethereum spot ETF is a significant event in the world of cryptocurrency. It will provide investors with a new way to gain exposure to Ethereum without having to buy the cryptocurrency directly. This could potentially lead to increased demand for Ethereum and a rise in its price. However, it's important to note that the launch of the ETF is still subject to final approval by the SEC.