Bloomberg analyst Eric Balchunas has revised the estimated timeline for launching the highly anticipated spot Ethereum ETF, now setting the over/under date to July 2nd.
This change takes place after the latest remarks from the SEC staff to the issuers of the S-1 filings, where the process is described to be going well with only a few comments that need to be addressed within a week.
New Timeline for Ether ETF
As stated by Balchunas, the SEC has started providing feedback on S-1 filings made by issuers, indicating that the S-1 review process is being accelerated.
According to Balchunas, the new timeline was driven by new information from the SEC, where the regulatory body has sought some changes from the ETF issuers. He observed,
“Decent chance they work to declare them effective the next week and get it off their plate before the holiday weekend.”
This timeline shift by a mere one day from the previously anticipated July 4th is a positive sign from analysts who had already prepa
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