Spot Ethereum ETFs could potentially start trading in the United States as soon as July 2, according to Bloomberg ETF analyst Eric Balchunas.

“We are moving up our expected spot Ether ETF launch date to July 2,” Balchunas wrote in a June 15 post on the S-1 applications from the spot Ether ETF applicants were “fairly light, nothing serious,” and asked to return them within the week.

“There’s a reasonable chance they’re working to declare them effective next week and get this done before the holiday weekend. Anything is possible, but this is our best bet yet,” he added, referring to America’s Independence Day observed annually on July 4.

On May 23, the SEC approved eight 19b-4 applications to list spot Ether ETFs on various US exchanges, but they cannot begin trading until they have the required S-1 registration statement approvals.

SEC Chairman Gives Broader Timeframe for Possible Approval Date

SEC Chairman Gary Gensler provided a broader time frame for when spot Ether ETFs could potentially begin trading, indicating this could happen within the next three months by the end of September.

While some traders are hopeful that the price of Ethereum (ETH) could follow that of Bitcoin (BTC) following the adoption of spot Bitcoin ETFs, which soared to record highs, not everyone has the same confidence.

On June 3, Stephen Richardson, director of financial markets at Fireblocks, argued that spot Ether ETFs won’t see the same daily inflows that spot Bitcoin ETFs did because the asset’s use cases are much harder to value.

“There is a lack of widespread consensus that effectively evaluates the usability or utilization rate of the Ethereum blockchain,” he said in comments.


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