The discussion surrounding the imminent launch of Spot Ethereum ETFs has been gaining momentum, with Bloomberg analysts Eric Balchunas and James Seyffart providing updates on the potential trading start date. Balchunas recently shared on social media that the anticipated launch date for the ETFs has been moved to July 2nd. This update comes after the Securities and Exchange Commission (SEC) reportedly sent minor comments to fund issuers regarding their S-1 filings.
According to Balchunas, there is a strong likelihood that the SEC will declare the S-1 filings effective within the next week, allowing fund issuers to proceed with amended registration statements. The analysts believe that the Commission is working towards approving the ETFs before the upcoming holiday weekend. While acknowledging that delays are possible, Balchunas emphasized that July 2nd is the current target date for the launch.
Previously, the analysts had set July 4th as the deadline for the Spot Ethereum ETFs to become available for trading. The recent adjustment to July 2nd, while not significant, suggests that the launch may be closer than initially anticipated. Balchunas explained that the decision to choose July 2nd as the over/under date indicates uncertainty about the exact timing of the ETFs’ availability.
In addition to the speculation surrounding the ETF launch, cryptocurrency expert Ash Crypto has expressed optimism about Ethereum’s future price potential. Crypto believes that Ethereum reaching $10,000 is inevitable and only a matter of time. With the prospect of the Spot Ethereum ETFs becoming operational in the near future, investors are eagerly awaiting the opportunity to trade Ether through these regulated investment vehicles.
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