Ethereum ETFs will launch in early July 2024
Eric Balchunas, senior #ETF analyst at Bloomberg, predicts that #ethereum spot exchange traded funds will begin trading as early as July 2.
This comes after the U. S. Securities and Exchange Commission issued minimal comments on the S-1 filings for these ETFs, indicating that the approval process could be accelerated.
Stakeholders believe the launch could increase market access and encourage institutional adoption of ethereum and the broader industry.
Eric Balchunas, senior ETF analyst at Bloomberg, predicts the Ethereum spot exchange-traded fund (ETF) will begin trading as early as next month.
Mr. Balchunas revised his previous forecast, changing the likely launch date from July 4 to July 2.
According to Eric Bartunas, the U. S. Securities and Exchange Commission (SEC) staff made "fairly light" comments on the S-1 filings for the Ethereum ETF spot; the SEC has requested additional amendments to those filings, which are expected to be submitted within a week.
Bartunas reported that "on June 14, the SEC sent the issuer S-1 comments, which were fairly light, non-serious comments, and requested that they be filed within a week.
Bartunas suggested that the SEC could have those documents ready before the holidays. He added: "Anything is possible, but that's our best guess at this point.
Nate Geraci, president of ETF Store, said the update makes sense given that the SEC's comments were minor. This suggests that the major work has been completed and leaves no reason for further delays.
This development suggests that the Ethereum ETF may launch sooner than SEC Chairman Gary Gensler had anticipated: at a June 13 budget hearing before the Senate Appropriations Committee, Mr.
The instruments would allow investors to trade funds holding the second-largest digital asset by market capitalization.
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