Bloomberg Analyst Anticipates a Pivotal Day for Ethereum ETFs
Renowned ETF analyst Eric Balchunas from Bloomberg has made a significant prediction regarding the future of Ethereum (ETH) ETFs. According to Balchunas, amended S-1 filings for Ethereum ETFs are expected to be submitted today or possibly later this afternoon, US time.
Once the filings are submitted, the Securities and Exchange Commission (SEC) will take the reins. The regulator is anticipated to notify the issuing companies about the latest changes and grant them the necessary approval for the launch of these ETFs.
Balchunas and his team stand by their forecast that Ethereum ETFs will be launched by July 2. This projection is based on their analysis of current market trends and the regulatory landscape.
Bitwise recently updated its registration form and announced that Pantera Capital Management LP has expressed interest in purchasing up to $100 million in shares. Bitwise has also secured a $2.5 million seed investment.
Last month, the SEC approved 19b-4 forms for eight Ethereum ETFs. However, the issuers still need their S-1 filings to be effective before they can commence trading.
*This article does not provide investment advice.
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