Bloomberg’s senior ETF analyst Eric Balchunas predicts a potential approval timeline for spot Ethereum ETF at around July 4, 2024.
The Ethereum price chart forms a golden cross suggesting a likely move above $4,000. Above $4,000, FOMO could lead to a new all-time high at $5,000.
The potential approval of Spot Ethereum ETFs has become a hot topic in the crypto community, with industry experts weighing in on the timing of the U.S. Securities and Exchange Commission (SEC)’s decision. Nate Geraci, host of the ETF Prime podcast, recently shared his insights, suggesting that the S-1 approvals could come within a few weeks.
In a post on X, Geraci stated, “When will SEC approve spot eth ETF registration statements? Nobody knows for sure, but my expectation would be next few weeks. 2-3 months max.” He also noted that the approval process for Spot Ethereum ETFs could be expedited due to the swift approval of Bitcoin ETFs previously.
Additionally, he argued that the SEC has already done m

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