Spot Ether exchange-traded funds (ETF) could potentially begin trading in the United States by July 2, according to Bloomberg ETF analyst Eric Balchunas.
“We are moving up our over/under date for the launch of spot Ether ETF to July 2nd,” Balchunas wrote in a June 15 post on X, noting that the United States Securities and Exchange Commission’s (SEC) staff comments on the spot Ether ETF applicants S-1 applications were “pretty light, nothing major,” and asked for them back within the week.
“Decent chance they work to declare them effective the next week and get it off their plate before the holiday weekend. Anything is possible but this is our best guess as of now,” he added, referring to U.S. Independence Day, which is an annual celebration held on July 4 each.
The markets may be boring right now, but the future is luminous.
Ethereum being accepted by the SEC means most altcoins will be too, and that shows MASSIVE growth potential for crypto in the long term.
The US stock market is $100T.
The GLOBAL CRYPTO MARKET is only $2.25T.
When the Ethereum ETFs go live, I expect bullishness in the altcoin market, especially within the ERC20 ecosystem.
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