Bloomberg ETF analyst: Currently feeling "lack of confidence" about the launch of Ethereum ETF around July 15

ChainCatcher news, Bloomberg ETF analyst James Seyffart previously stated that he and his colleagues believe that a spot Ethereum ETF could launch around July 15 as the application process improves. However, he now expresses "lack of confidence" regarding this timeline for the Ethereum ETF launch and adds that there is currently no official approval timeline, as the SEC's corporate finance division is "taking time" to approve each fund.

On the other hand, another Bloomberg ETF analyst, Eric Balchunas, believes that all signs indicate that "the Ethereum ETF will still launch this month," as Bitwise has been able to amend its application earlier than the expected deadline of July 8.