Bloomberg Analyst: Ethereum Spot ETF May Launch in Mid-June

Bloomberg ETF analyst James Seyffart stated that the S-1 approval for Ethereum spot ETF could be completed "within a few weeks", but it might take longer as this process usually takes up to five months. Bloomberg ETF analyst Eric Balchunas responded, saying mid-June is definitely possible. Balchunas expects there will only be one round of comments on the S-1 amendment document, similar to the feedback provided by SEC for Bitcoin spot ETF applicants. This process takes about two weeks, which is how he arrived at his mid-June estimate.