An exchange-traded fund (ETF) expert at Bloomberg is moving his estimated date for the approval of spot market Ethereum (ETH) ETFs following recent comments made by the U.S. Securities and Exchange Commission (SEC). In a new thread on the social media platform X, Bloomberg ETF specialist Eric Balchunas says that spot ETH ETFs likely won’t be greenlit until after the July 4th holiday weekend, which extends to the 8th, since many SEC staff members will be on break until then.
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