Bloomberg ETF analyst: Ethereum spot ETF is likely to be launched in mid-June

Odaily Odaily News Bloomberg ETF analyst James Seyffart has been saying that the S-1 approval for the Ethereum spot ETF could be completed in "a few weeks", but he also noted that "it may take longer" because the process usually takes up to five months. However, another Bloomberg ETF analyst, Eric Balchunas, responded that "mid-June is definitely possible." Balchunas expects the SEC to have only one round of comments on the S-1 amendment document, similar to when the SEC provides feedback to spot Bitcoin ETF applicants. This process takes about two weeks, which is how he came up with the mid-June estimate. In addition, Delphi Labs' general counsel Gabriel Shapiro also pointed out that the SEC's approval was made by its trading and market division under "authorization", and claimed that any of the five SEC commissioners has the right to question the decision within the next 10 days. Digital asset lawyer Joe Carlasare said that although in theory someone might raise such questions, in reality they would not, because the SEC would not approve the decision through the Trading and Markets Division without determining whether there were any objections from the commissioners; Seyffart pointed out that making decisions by authorization is the "norm", because requiring a formal vote on every decision and every document would be "crazy", and he added that even if a review is requested, it is unlikely to have any impact on the approval result. (Cointelegraph)