BREAKING: Spot Ethereum ETF Approval Date Cleared According to Bloomberg Analyst

After some time of waiting, the date for the final approval of spot Ethereum ETF applications has supposedly become clear.

Eric Balchunas, senior ETF analyst for Bloomberg, said in a recent publication in X for alleged earlier endowment.

Yesterday it became clear that SEC Chairman Gary Gensler is said to Senator Bill Hagery that he is awaiting approval of the S-1 spot applications Ethereum ETF to close by the end of the summer.

However, a few minutes ago, Balchunas came out with new information. According to him, the launch date for the spot Ethereum ETF will be July 2, after earlier today the SEC summoned the filers in question for comment, asking them to return in a week.

According to the ETF expert, approval is increasingly likely as the regulator probably wants to get this case over with quickly.

The price of Ethereum reacted positively to the news as at the time of writing the altcoin was trading at $3,500 after a 2.3% increase in the last hour and a trading volume of $14.57 billion in the last XNUMX hours.