Bloomberg analysts: Ethereum spot ETF may launch in mid-June

ChainCatcher news, according to Cointelegraph, Bloomberg ETF analyst James Seyffart has consistently stated that the S-1 approval for the Ethereum spot ETF could be completed "within weeks," but he also noted that "it may take longer," as the process typically takes up to five months.

However, Bloomberg ETF analyst Eric Balchunas responded, saying, "Mid-June is definitely possible." Balchunas expects there will only be one round of comments on the S-1 amendment, similar to the feedback provided by the SEC to Bitcoin spot ETF applicants. He pointed out that this process takes about two weeks, which is how he arrived at the mid-June estimate.