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.
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