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Ethereum Price Forecast: Bloomberg Analysts Expect S-1 Approval on July 2 – Can ETH Gain?
Ethereum is currently hovering just below the $3,540 pivot point and is trading at $3,536. Bloomberg ETF analyst Eric Balchunas raised eyebrows with his prediction that a spot Ethereum ETF could begin trading as early as July 2.
This unexpected acceleration comes after reports that SEC staff had provided S-1 responses to ETF issuers, with Balchunas describing the comments as "fairly minor" and "without significant issues."
Balchunas believes the SEC could finally approve the ETFs before the Independence Day holiday, well ahead of the September timeline SEC Chairman Gary Gensler previously indicated.
This unexpected acceleration comes after reports that SEC staff had provided S-1 responses to ETF issuers, with Balchunas describing the comments as "fairly minor" and "without significant issues."
Balchunas believes the SEC could finally approve the ETFs before the Independence Day holiday, well ahead of the September timeline SEC Chairman Gary Gensler previously indicated.
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