Ethereum Spot ETF Launch: Analyst Extends Timeline

SEC Response Delays S-1 Form Approval

Bloomberg analyst Eric Balchunas has revised his projected launch date for Ethereum Spot ETFs in the US. The delay stems from the US Securities and Exchange Commission (SEC) taking longer than expected to respond to the second round of S-1 form submissions.

The SEC had previously approved the 19b-4 filings from eight potential issuers, but the S-1 forms, which provide detailed information about the ETFs, still need approval.

Approval Expected Soon After Holiday

Balchunas initially predicted a July 2 launch date, but the SEC’s delayed response and the upcoming Thanksgiving holiday have pushed the timeline back. He now expects the SEC to resume work on the S-1 forms on July 8th, with approval coming shortly after.

Bullish Outlook for Ethereum Spot ETFs

Despite the delay, investors and analysts remain optimistic about the potential performance of Ethereum Spot ETFs. Charles Yu of Galaxy Research predicts that these funds could receive 20-50% of the demand seen in Bitcoin counterparts.

Yu also expects Ethereum to be more price-sensitive to these inflows due to its lower inflation and supply on exchanges.