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.
Analyst Updates Prediction for Ether ETF Launch Amid SEC 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 had previously predicted that spot ether ETFs would launch on July 2.
Balchunas explained that the U.S. Securities and Exchange Commission (SEC) seems to be taking extra time to get back to issuers this week, despite requiring minor tweaks to their S-1 filings (registration statements). He 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.
Source: X
SEC Progress on Ether ETFs and New Spot Solana ETF Filings
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 are expected to launch this summer. He also confirmed that the review process for spot ether ETFs is progressing smoothly, with asset managers currently working through the registration process. Meanwhile, two asset managers, Vaneck and 21Shares, have already filed registration statements with the SEC for launching spot solana ETFs.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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