An expert in Bloomberg’s exchange-traded funds (ETFs) predicts that Ethereum (ETH) ETFs in the spot market could be approved in the United States by early July.

On the social media platform X, senior ETF analyst Eric Balchunas suggests that ETH-based ETFs might receive approval by July 2nd. This follows the U.S. Securities and Exchange Commission’s (SEC) response to S-1 filings submitted by several prominent financial firms.

Balchunas explains that the SEC’s request for modifications to the forms indicates that approval is imminent. He anticipates that the launch of spot Ether ETF could happen by July 2nd, based on the feedback received from the regulatory agency.

Earlier this year, the SEC approved 19b-4 filings from various firms, including BlackRock, Fidelity, VanEck, Grayscale, Bitwise, ARK, Franklin Templeton, and Invesco Galaxy. Balchunas previously anticipated the approval of ETH ETFs by July 4th but now believes July 2nd is a more likely date.

Former SEC Chair Jay Clayton stated in May that the approval of the firm’s 19b-4 filings makes the approval of ETH ETFs “inevitable.”

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