Bloomberg analyst James Seyffart believes that as the application process gradually improves, the spot Ethereum ETF is expected to be officially launched around July 15. Although Seyffart made this prediction public through social media on July 3, he also admitted that he and his team did not have complete confidence in the specific listing date.
This prediction is closely related to the revisions made by Bitwise on its spot Ethereum ETF application on July 3. Seyffart noted that the most obvious change in the revised version of the application was the six-month fee exemption policy for the initial $500 million in assets. In this regard, Seyffart said: "These changes are very small, and I don't understand why the ETF can't be ready in a few weeks."
He also mentioned that the U.S. Securities and Exchange Commission (SEC) has not given an official approval timetable. The SEC's corporate finance department is conducting a detailed review of each fund, showing a cautious attitude and is "taking time" to complete the review of each application.
No substantial progress
Bloomberg analyst Eric Balchunas weighed in on the latest round of comments, saying they were actually meaningless and insisting the funds in question should have already been listed.
He further noted that the relatively brief nature of the comments allowed Bitwise to revise its application well ahead of the July 8 deadline expected by other applicants.
Balchunas said that based on all current indications, it is expected that "the listing of the ETF this month will still proceed as scheduled."
At the same time, Nate Geraci, president of ETF Store, holds a different view. He believes that applicants may need to submit an additional round of amendments, which are mainly to adjust the fee structure. Only after these amendments are accepted can the fund officially start trading.
This section reflects the different expectations and views of the market on the launch time of the spot Ethereum ETF, and also shows the variables that may arise during the regulatory review process. $ETH
SEC approved the listing of spot Ethereum ETF in May
On May 23, the SEC approved changes to the 19b-4 rule, which paved the way for the listing and trading of spot Ethereum ETFs on exchanges. Next, the SEC will review the S-1 registration statement and provide a legal basis for asset management companies to issue related fund products after approval. However, the current situation is that the SEC has not set a specific deadline for completing this step.
Bloomberg ETF analyst Eric Balchunas is optimistic about eventual approval, commenting: “The positive is that the SEC has approved Rule 19b-4 and all that’s left is for issuers to deal with the logistics and timing.”
Previously, Balchunas had predicted that the spot Ethereum ETF would be launched before July 4, describing it as a “best guess” date. However, with the SEC requiring applicants to amend their S-1 registration statements by July 8 at the end of June, Balchunas adjusted his forecast timeline accordingly.
In addition, the industry is supportive of the launch of Ethereum ETFs. Galaxy Digital has submitted an application to Invesco, and it is expected that these funds will be officially launched in the next few weeks. #ETH_ETFs_Approval_Predictions #BinanceTournament #现货以太坊ETF
Conclusion:
The potential launch of a spot Ethereum ETF is becoming an important focus of the cryptocurrency market. The different views of Bloomberg analysts James Seyffart and Eric Balchunas, as well as the SEC's cautious attitude towards related applications, together outline a complex picture of market expectations and regulatory scrutiny.
Despite the uncertainty, the SEC’s approval of Rule 19b-4 in May laid the foundation for the eventual listing of the spot Ethereum ETF. Analyst Balchunas’ optimistic expectations and Galaxy Digital’s active application further strengthened the market’s confidence in the listing of the Ethereum ETF in the near future.
As regulatory review deepens and market conditions mature, the launch of the Ethereum ETF will provide investors with a new investment channel while bringing new development opportunities to the cryptocurrency market.
