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“Good sign. [Probably] see rest roll in soon.” Bloomberg ETF analyst Eric Balchunas said in a May 29 X post.

There will likely be another round to “fine tune” SEC comments, he added — but an “end of June launch [is] a legit possibility.” However, Balchunas kept his approval odds for around July 4, adding that an earlier approval would be a “long shot.”

Bloomberg ETF analyst James Seyffart said BlackRock’s updated S-1 is “almost certainly the engagement we were looking for” as it shows “issuers and SEC are working towards spot Ethereum ETF launches.”

BlackRock’s amended S-1 gave information about its seed capital investor — the entity that allocates money to the fund so it can start trading.

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