Bloomberg analysts predict: Spot Ethereum ETF may debut on the market in mid-July

James Seyffart, an ETF analyst at Bloomberg, believes that with the gradual improvement of the application process, the spot Ethereum ETF is expected to be officially launched around July 15. Although Seyffart disclosed this prediction through social media on July 3, he also admitted that he and his team were not completely confident about the specific launch date.

This prediction closely aligns with revisions Bitwise made to its spot Ethereum ETF application on July 3. Seyffart noted that the most obvious change in the revised version of the application is the implementation of a six-month fee exemption policy for the first $500 million in assets. In response, Seyffart said: "These changes are very small and I don't understand why the ETF can't be ready in a few weeks."

He also mentioned that the U.S. Securities and Exchange Commission (SEC) has not yet given an official approval timetable. The SEC's corporate finance department is conducting detailed review and approval of each fund, showing a prudent attitude and is " Take the time” to complete the review of each application.

No substantial progress

Bloomberg ETF analyst Eric Balchunas expressed his views on the latest round of comments. He believes that these comments are actually of no substantive significance and insists that the relevant funds should have already started trading.

He further noted that the relatively simple nature of the comments allowed Bitwise to revise its application well in advance of the July 8 deadline expected by other applicants.

Balciunas said that based on all current indications, it is expected that "the listing of the ETF this month will still go ahead as scheduled."

At the same time, Nate Geraci, president of the ETF Store, has a different view. He believes that applicants may need to submit an additional round of amendments. This amendment is mainly to adjust the fee structure. Only after these amendments are accepted, the fund can The transaction is officially opened.

This content reflects the market’s different expectations and views on the timing of the launch of the spot Ethereum ETF, and also shows the variables that may arise during the regulatory review process.

SEC approves spot Ethereum ETF listing in May

On May 23, the SEC passed the 19b-4 rule change, which paves the way for the listing and trading of spot Ethereum ETFs on exchanges. Next, the SEC will review the S-1 registration statement and provide a legal basis for the asset management company to issue related fund products after approval. But the current situation is that the SEC has not set a specific deadline for completing this step.

Bloomberg ETF analyst Eric Balchunas is optimistic about the final approval, commenting: "The positive side is that the SEC has approved Rule 19b-4 and all that remains is a matter of issuers dealing with logistics and timing."

Previously, Balchunas had predicted that the spot Ethereum ETF would launch before July 4, describing it as a “best guess” date. However, as the SEC in late June required applicants to amend their S-1 registration statements by July 8, Balchunas adjusted his forecast timeline accordingly.

In addition, the industry is supportive of the launch of the Ethereum ETF. Galaxy Digital has submitted an application to Invesco and the funds are expected to be officially launched in the coming weeks.

Conclusion:

The potential launch of a spot Ethereum ETF is becoming an important concern for the cryptocurrency market. The different views of Bloomberg analysts James Seyffart and Eric Balchunas, as well as the SEC's cautious attitude towards related applications, together paint a complex picture of market expectations and regulatory scrutiny.

Despite the uncertainty, the SEC’s approval of Rule 19b-4 in May set the stage for the eventual listing of a spot Ethereum ETF. Analyst Balchunas’ optimistic expectations and Galaxy Digital’s active application have further strengthened the market’s confidence in the listing of the Ethereum ETF in the near future.

As regulatory scrutiny deepens and market conditions mature, the launch of the Ethereum ETF will provide investors with new investment channels while bringing new development opportunities to the cryptocurrency market.

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