Bloomberg Eric Balchunas: SEC will approve Ethereum spot ETF 19b-4 filing at 4 am on Friday

This site (120BtC.coM): Well-known Bloomberg senior ETF analyst Eric Balchunas said early this morning (23rd) that we may be in the United States as soon as New Jersey time (EST) ) Before 4 pm on May 23, that is, before 4 am on Friday, May 24, Beijing time, I saw the U.S. Securities and Exchange Commission (SEC) approving the first Ethereum spot ETF’s 19b-4 document (Exchange Rules change).

He wrote in a tweet: My most optimistic guess is that we will receive news from the SEC around 4 pm tomorrow (New Jersey time). When they previously approved Bitcoin spot ETFs, they announced them at 3:45 p.m., but in the past some have also announced them after 4 p.m. Anything is possible.

Balchunas’ prediction attracted great attention because of his previous success in hitting the approval timetable for Bitcoin futures and spot ETFs. Another Bloomberg ETF analyst, James Seyffart, said he is "almost certain" that the SEC will formally approve the 19b-4 document before 6 pm ET tomorrow (6 am Beijing time on Friday).

Fox Reporter: The SEC will approve the 19b-4 document for the Ethereum spot ETF tomorrow.

People who also believe that the SEC is expected to approve the 19b-4 document tomorrow, local time, also have Fox Business Reporter Eleanor Terrett, who tweeted earlier today: “I agree with the ETF experts, but this seems to indicate that maybe the SEC approves 19b-4 tomorrow and then works with issuers over the next few weeks/months. S-1 document (registration statement)? "

It is worth noting that Terrett broke the news last night that she heard that the SEC had begun conversations about S-1, but SEC staff and issuers It was concluded that there is still work to be done on these issues.

ETFStore President Nate Geraci said on Monday that it is possible that the SEC will approve 19b-4, but slow down the execution of S-1, which may still be unavailable until we see S-1 approval and the official listing of the Ethereum spot ETF. It can take anywhere from a few weeks to a few months.

Ethereum continues to fluctuate in the $3,700 range

This week, the SEC’s stance on the adoption of Ethereum spot ETFs has reversed overnight. VanEck and Franklin’s Ethereum spot ETFs have been deposited in the American Securities Depository The listing of the Clearing Corporation (DTCC) sharply increased market expectations that the Ethereum spot ETF will be approved, and also caused the price of ETH to jump more than 23% from US$3,110 to US$3,841 on the 21st.

This morning, with the good news that the SEC is expected to approve the Ethereum spot ETF19b-4 document tomorrow, ETH reached a maximum of close to US$3,780 and was trading at US$3,762 before writing.

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