According to updated filings, both BlackRock (formerly Grayscale) and BlackRock (now NYSE Arca) have predicted the launch of Spot Ethereum ETFs in June. Bloomberg Analyst Eric Balchunas Forecasted that a cryptocurrency-based investment product would be launched in the United States, the second of its kind.
US Securities and Exchange Commission’s (SEC) approval of ETH ETF was a surprise to the whole finance industry. They received approval in May. However, as we approach June, there are some expectations that the products will go live.
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Ethereum ETF to Launch in June: Experts’ Prediction
ETFs have been dominating the digital assets sector all year. In January of this year, the industry achieved a landmark with the launch of Spot Bitcoin Exchange Traded Funds. BTC reached its all-time peak just three month after it was launched.
Now the industry awaits whether or not the second-largest crypto could also enjoy a similar story. After recent filings, it is predicted that the Spto Ethereum exchange-traded funds (ETFs) recently approved will go live by June. Bloomberg’s Balchunas outlined the exact date the product would launch.
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Balchunas predicted that ETFs would arrive before the end of this month. Balchunas also said that July 4th is his date for the over/under. Moreover, he expressed that he expected there to be “one more round” SEC comments on issues
Many people believe that SEC’s decision was more about politics than anything else. Its political motivations also aimed to eliminate the impression that it was anti-crypto. The Ethereum product has achieved this. Analysts don’t think the agency will rush to launch the Ethereum offering.
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Source: watcher.guru