Bloomberg senior ETFberg Senior ETF Analyst Eric Balchunas stated today (29th) that he has heard that the approval of the Ethereum spot ETF next week is unlikely, and the expected launch date is now postponed to after July 8th
(Background Summary:
Reuters also optimistic: Ethereum spot ETF could be listed as early as 7/4, what new funds can it bring?
)
(Additional Background:
Bloomberg Analyst: VanEck just submitted key documents to the SEC, more confident that the Ethereum spot ETF will be listed on 7/2)
Recent market news indicates that the approval process for the Ethereum spot ETF has entered its final stage. Eric Balchunas, the Bloomberg ETF analyst who accurately predicted the issuance dates for Bitcoin futures/spot ETFs, today (29th) delayed his estimated listing date from July 2nd to after July 8th.
This morning, Balchunas posted on the X platform:
The SEC requires issuers to submit updated S-1 documents before July 8th
The Block also cited insider information today, stating that the SEC has returned the S-1 form to potential Ethereum spot ETF issuers, along with some minor comments, asking them to address the issues and resubmit the documents. Issuers have been asked to respond to these comments and submit updated documents before July 8th.
Insiders stated that these documents need at least one more round of review before approval, after which the Ethereum spot ETF can start trading.
Ethereum falls below $3,400
Regarding the approval progress of the Ethereum spot ETF, SEC Chairman Gary Gensler only mentioned this month that the progress is “going smoothly” and he expects the SEC to approve the final S-1 document “sometime this summer.”
Regarding cryptocurrency prices, ETH once reached $3,487 yesterday, but fell again last night, dipping to a low of $3,365 in the early hours of today. Currently, it is at $3,391, down 1.3% in the past 24 hours
Source: Trading View
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