Bloomberg Analyst: Ethereum Spot ETF may be launched in mid-June

ChainCatcher news, according to Cointelegraph, Bloomberg ETF analyst James Seyffart has consistently stated that the approval of Ethereum spot ETF's S-1 could be completed "within a few weeks", but he also pointed out that it "may take longer" as this process usually takes up to five months.

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