Discussions
around
when
the

Spot
Ethereum
ETFs

will
likely
begin
trading
have
continued
to
heat
up.
This
time,

Bloomberg
analyst
Eric
Balchunas

and
fellow
Bloomberg
analyst

James
Seyffart

have
shared
an
update
on
when
they
expect
these
funds
to
begin
trading. 

Spot
Ethereum
ETFs
To
Begin
Trading
By
July
2

Balchunas
stated
in
an
X
(formerly
Twitter)

post

that
they
are
moving
their
“over/under
date”
for
the
launch
of
the
Spot
Ethereum
ETFs
to
July
2.
He
revealed
they
had
heard
that
the

Securities
and
Exchange
Commission
(SEC)

sent
fund
issuers
comments
on
their
respective
S-1
filings.
These
comments
are
said
to
be
“pretty
light”
and
nothing
major,
with
fund
issuers
set
to
file
their
amended
registration
statements
within
a
week. 

 

Related
Reading

The

Bloomberg
analyst

claimed
that
there
is
a
decent
chance
that
the
SEC
will
declare
these
S-1
filings
effective
the
next
week
and
that
the

Commission

will
work
towards
approving
them
before
the
holiday
weekend.
He
added
that
anything
is
possible
but
that
is
the
timeline
they
are
working
with
for
now. 

These
Bloomberg
analysts
had

previously

put
July
4th
as
their
over/under
date
for
the
launch
of
the
Spot
Ethereum
ETFs.
Balchunas
acknowledged
that
the
recent
shift
from
July
4th
to
2nd
wasn’t
a
major
one
but
was
still
significant,
considering
it
was
beginning
to
feel
like
it
could
take
longer
before
the
Spot

Ethereum
ETFs

launch. 

He
also
clarified
that
they
decided
on
July
2nd
as
the
over/under
date
because
this
is
when
they
remain
undecided
about
whether
to
go
lower
or
higher.
Their
latest
projection
is
also
good
news,
considering
that
SEC
Chair
Gary
Gensler
had
thrown
the
crypto
community
into
a
bit
of
limbo
with
his
latest
comment. 

 

While

addressing
the
Senate
Banking
Committee

on
June
13,
Gensler

told

Senator
Bill
Hagerty
that
the
S-1
filings
for
the
Spot
Ethereum
ETFs
will
likely
be
approved
“over
the
course
of
this
summer.”
This
statement
raised
the
possibility
of
these
funds
not
being
approved
until
the
end
of
the
summer,
which
will
be
sometime
in
September. 

Spot
ETFs
To
Propel
ETH
To
$10,000

The
Spot

Ethereum
ETFs

are
expected
to
have
a
huge
impact
on
Ethereum’s
price
once
they
begin
trading.

Crypto
expert
Ash
Crypto

recently
mentioned
that
Ethereum
reaching
$10,000
is
just
a
“matter
of
time,”
with
these
funds
set
to
start
trading
soon.

Crypto
analyst
Eljaboom

also
alluded
to
the
Spot
Ethereum
ETFs
when
he
stated
that
$10,000
is
“programmed”
for
Ethereum
in
this
cycle. 

Related
Reading

Crypto
analyst
CrediBULL
Crypto

stated
that
$10,000
is
his
minimum
target
for
Ethereum
in
this
bull
run
and
added
that
the
second-largest
crypto
token

 

could
even
rise
to
$20,000

because
it
matches
Bitcoin’s
top
in
the
2017
bull
run. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson

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