Senior ETF analyst at Bloomberg, Eric Balchunas, has updated his forecast for the launch of spot ethereum exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) recently approved 19b-4 filings for eight spot ether ETFs. However, the SEC still needs to give the green light to S-1 filings before these ETFs can officially launch.
Balchunas took to social media platform X to announce that Bloomberg has revised the expected launch date for spot ethereum ETFs to July 2nd. This adjustment comes after the SEC Staff provided minor comments on issuers’ S-1 filings, indicating a potential approval in the near future. Balchunas stated:
“We are moving up our over/under date for the launch of spot ether ETF to July 2nd, hearing the Staff sent issuers comments on S-1s today, and they’re pretty light, nothing major, asking for them back in a week.”
The Bloomberg analyst expressed optimism that the SEC may finalize the S-1 filings next week, clearing the way for the ETF launch before the holiday weekend. However, he reminded that unexpected developments could still occur, highlighting that this is the current best estimate.
Balchunas clarified that his previous estimate was July 4th, emphasizing that this adjustment is not a significant change. He commented, “We started to feel like it would take longer so this is kinda good news,” noting that once S-1 filings are approved, ETFs typically launch the following day.
When do you anticipate the U.S. spot ethereum ETFs will go live? Share your thoughts in the comments below.
