Bloomberg analyst: Ethereum spot ETF may be launched in mid-June

Bloomberg ETF analyst James Seyffart stated that the S-1 approval for the Ethereum spot ETF may be completed "in a few weeks," but it could take longer as the process typically takes up to five months. Bloomberg ETF analyst Eric Balchunas responded that mid-June is definitely possible. Balchunas expects only one round of comments on the S-1 amendment, similar to the feedback provided by the SEC to applicants for spot Bitcoin ETFs. This process takes about two weeks, which is how he arrived at the mid-June estimate.