Bloomberg’s senior ETF analyst, Eric Balchunas, has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), highlighting delays caused by the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Although the SEC approved 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary Gensler recently indicated that ether ETFs are expected to launch this summer.
Expected Launch of Spot Ether ETFs Post-Holiday Delays
Eric Balchunas shared his updated prediction on social media, revising his initial forecast of a July 2 launch for spot ether ETFs. He noted that the SEC appears to be taking extra time to respond to issuers due to minor tweaks required in their S-1 filings (registration statements). Given the Fourth of July holiday week, Balchunas anticipates that the review process will likely resume on July 8, with expectations for the spot ether ETFs to launch shortly thereafter.
In May, the SEC approved the 19b-4 filings for eight ether ETFs, marking significant progress. However, the spot ether ETFs still need approval for their S-1 registration statements before they can officially trade on U.S. exchanges.
During his testimony before the U.S. Senate Appropriations Subcommittee on Financial Services on June 13, SEC Chair Gary Gensler mentioned that spot ether ETFs are slated for a summer launch. He also confirmed that the review process is progressing smoothly and that asset managers are working through the registration process. Meanwhile, two asset managers, VanEck and 21Shares, have already filed registration statements with the SEC to launch spot solana ETFs.
