The U.S. Securities and Exchange Commission (SEC) officially approved the 19b-4 documents (exchange rule changes) of eight Ethereum spot ETF issuers in the early morning of the 24th, but it still needs to wait for the approval of the S-1 registration statement before it can be officially listed for trading. , experts previously determined that this may take weeks to months.
BlackRock files revised S-1 filing
Yesterday (29th), BlackRock, the world's largest asset management company, officially submitted a revised S-1 registration statement document , and disclosed in the document that the stock code is ETHA. It currently has US$10,000,000 in seed capital, and can Take it as a positive sign:
Seed Capital Investor, an affiliate of the sponsor, purchased the Seed Creation Baskets, which consisted of 400,000 shares at a price of $25.00 per share, subject to qualification.
The shares will be listed on the Nasdaq under the ticker symbol "ETHA"
Bloomberg Analyst: Ethereum Spot ETF Will Launch on July 4
As for how long it will take before the Ethereum spot ETF is listed, Bloomberg ETF analyst Eric Balchunas gave his prediction on the X platform yesterday:
This is a good sign. We may soon see other applications follow.
This may be followed by a round of fine-tuning input from employees. Although my expected date is July 4th, an official launch at the end of June is also very likely.
In addition, although another Bloomberg ETF analyst James Seyffart did not give a listing date prediction, he said that BlackRock’s updated S-1 filing almost verified the market’s expectations because it showed that the issuer and SEC were working hard to launch Ethereum spot ETF.
Divine Fish Prediction: S-1 document will be passed in mid-June
In addition, according to previous reports from Dongzhong, Discus Fish, the founder of Cobo, a digital asset custody solution provider, also issued a prediction on the X platform on the 24th, indicating that the Ethereum spot ETF S-1 document may be passed in mid-June. The passing times given by Eric Balchunas are not that far apart:
5/23: ETH 19b-4 passed unexpectedly, and market makers began to purchase ETH spot to prepare for providing liquidity;
Early June: The S1 file may be approved. Referring to the time of BTC ETF, it may take two weeks at the earliest, but the normal pace may take 3 months;
Mid-June: Trading may start immediately after S1 is passed, or within a few days;
June-December: In the initial stage of listing, the main inflow of funds may still be from retail investors, accounting for 80% to 90% of the total funds, with less participation from institutional users. Considering that ETHE is similar to GBTC, the market may face some arbitrage selling pressure, but whether it can withstand this selling pressure remains to be seen;
After December: As time goes by, institutional investors gradually begin to enter the market.
