Bloomberg ETF Analyst: The probability of spot Ethereum ETF approval will be around July 4th
Media reports, after BlackRock submitted the revised S-1 document for its spot Ethereum ETF, Bloomberg ETF analyst Eric Balchunas said it's a good sign. We may soon see the rest of the updates. In addition, the SEC may conduct another round of "fine-tuning" reviews, but launching by the end of June is a possibility. However, Balchunas believes that approval chances will be around July 4th and early approval is unlikely. Bloomberg ETF analyst James Seyffart stated that BlackRock's updated S-1 document is almost certainly what we expected because it shows that issuers and SEC are working hard to launch a spot Ethereum ETF.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedera (HBAR) Eyes $0.57 All-Time High as Demand Gains Momentum
Cardano (ADA) Retesting Breakout Level: Is a Bullish Continuation Ahead?
Raydium (RAY) Hits New All-Time High In TVL: Could This Breakout Spark A Bullish Rally?
Litecoin (LTC) Mirrors XRP’s Bullish Track with ETF Momentum: Is A Rally On Horizon?