Ethereum ETF set to launch in June amid updated documents

The recently approved Spot Ethereum ETFs are expected to launch in June following updated filings from BlackRock and Grayscale. Bloomberg Analyst Eric Balchunas predicts the arrival of a crypto-based investment vehicle that will be the second such offering in the United States.

The United States Securities and Exchange Commission (SEC) surprised the entire financial industry with its rather abrupt approval of the ETH ETF. Although they received approval in May, the market is waiting for the products to go live, with some expectations as June approaches.

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Ethereum ETF Could Go Live in June, Experts Predict

Throughout this year, ETFs have dominated the digital asset sector. Historic industry approval came in January, with the launch of Spot Bitcoin ETFs. The impact was almost immediate, as BTC would reach an all-time high just three months after its debut.

Now the industry is waiting to see if the second-largest cryptocurrency could achieve similar success. Subsequently, the recently approved Spto Ethereum ETFs are expected to go live in June following the recent filings. Specifically, Bloomberg’s Balchunas reported what time of the month the product could officially launch.

Read also: Goldman Sachs Calls Bitcoin ETF Approval a “Psychological Turning Point”

Balchunas predicts that the ETFs could arrive by the end of the month. However, he also noted that he was maintaining a plus/minus date of July 4th. Additionally, he expressed his expectation that there should be “another round” of commentary between the broadcasts and the SEC.

Some believe the SEC approval was more political than anything else. Additionally, its political motivations were to dispel the perception that the agency was anti-crypto. With the approval of the Ethereum product, this goal has been achieved. Therefore, analysts do not expect any reason for the agency to rush the official launch of the offer.

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