Bloomberg’s senior analyst for exchange-traded funds (ETFs), Eric Balchunas, has provided an updated prediction for the launch of ether ETFs, citing delays caused by the U.S. Securities and Exchange Commission’s (SEC) review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the registration statements are still pending. SEC Chair Gary Gensler recently stated that ether ETFs will be launched this summer.
In a post on the social media platform X, Balchunas shared his revised forecast for the launch of spot ether ETFs. He had previously predicted a launch date of July 2. However, he explained that the SEC has been taking longer to respond to issuers this week, despite only requiring minor adjustments to their registration statements. Balchunas noted that due to the Fourth of July holiday week, the review process is expected to resume on July 8, with the launch of spot ether ETFs anticipated shortly after.
The approval of the 19b-4 filings in May was a significant milestone for ether ETFs. However, these products still need approval for their registration statements before they can officially trade on U.S. exchanges.
During his testimony before the U.S. Senate Appropriations Subcommittee on Financial Services on June 13, SEC Chair Gary Gensler indicated that spot ether ETFs would be able to launch this summer. He also assured that the review process for these ETFs is progressing smoothly, and asset managers are currently working through the registration process. Additionally, two asset managers, Vaneck and 21shares, have already filed a registration statement with the SEC to launch spot solana ETFs.
What are your thoughts on the launch date for U.S. spot ether ETFs? Let us know in the comments section below.
