Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary Gensler recently indicated that ether ETFs will launch this summer.

Spot Ether ETFs Expected to Launch Post-Holiday Delays

Bloomberg’s senior ETF analyst Eric Balchunas has shared his updated prediction regarding the launch of ether exchange-traded funds (ETFs) on social media platform X. He previously predicted that spot ether ETFs will launch on July 2.

He explained that the U.S. Securities and Exchange Commission (SEC) seems to take extra time to get back to issuers this week, despite requiring minor tweaks to their S-1 filings (registration statements). Balchunas noted that due to the Fourth of July holiday week, the review process would likely resume on July 8, with expectations for the spot ether ETFs to launch shortly after that date.

The SEC approved the 19b-4 filings for eight ether ETFs in May, marking a significant step forward for these financial products. However, spot ether ETFs still require approval of their S-1 registration statements before they can officially trade on U.S. exchanges.

During his testimony before the U.S. Senate Appropriations Subcommittee on Financial Services on June 13, SEC Chair Gary Gensler indicated that spot ether ETFs will be able to launch this summer. He also recently confirmed that the spot ether ETF review process is moving smoothly and that asset managers are currently working through the registration process​. Meanwhile, two asset managers, Vaneck and 21shares, have already filed a registration statement with the SEC to launch spot solana ETFs.

Source : Bitcoin News - Jun 30, 2024