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Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 Filings

Bloomberg Analyst Doubles Down on July 2 Spot Ether ETF Launch Date Amidst Surge in S-1 FilingsBloomberg’s senior ETF analyst has reaffirmed his prediction of a July 2 launch date for U.S. spot ethereum exchange-traded funds (ETFs) after observing a surge in amended S-1 (registration statement) filings on Friday. U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has indicated that spot ether ETFs will launch this summer, pending the SEC’s […]

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Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd

Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd

A Bloomberg exchange-traded fund (ETF) expert says that spot market Ethereum (ETH) ETFs can be expected in the US by early July. In a new thread on the social media platform X, senior ETF analyst Eric Balchunas says ETH-based ETFs may be approved by July 2nd after it was found out that the U.S. Securities […]

The post Bloomberg Expert Forecasts Launch of Ethereum ETF in US for July 2nd appeared first on The Daily Hodl.

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Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said. This revision follows light comments from the SEC Staff on issuers’ S-1 filings. The analyst believes there is a decent chance the SEC […]

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Spot Ethereum ETFs may begin trading by July 2 — Bloomberg Analyst

Bloomberg ETF analyst Eric Balchunas says his "best guess as of now" is that spot Ether ETFs will begin trading in the United States before July 2.

Spot Ethereum (ETH) exchange-traded funds (ETF) could potentially begin trading in the United States by July 2, according to Bloomberg ETF analyst Eric Balchunas.

“We are moving up our over/under date for the launch of spot Ether ETF to July 2nd,” Balchunas wrote in a June 15 post on X, noting that the United States Securities and Exchange Commission' (SEC) staff comments on the ETF applicants S-1 applications were “pretty light, nothing major,” and asked for them back within the week.

“Decent chance they work to declare them effective the next week and get it off their plate before the holiday weekend. Anything is possible but this is our best guess as of now,” he added, referring to U.S. Independence Day, which is an annual celebration held on July 4 each

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Bears rekt: Bitcoin ETFs see runner-up record day with $887M inflows

Fidelity’s Bitcoin fund led the pack with $378.7 million in net inflows on the U.S. spot Bitcoin ETFs second-highest joint net inflow day, according to preliminary data.

United States-based spot Bitcoin exchange-traded funds (ETFs) saw their second-best-ever joint net inflow day of $886.6 million, according to preliminary data.

The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflow at $378.7 million, while BlackRock’s iShares Bitcoin Trust (IBIT) was second with $274.4 million, according to early data from Farside Investors.

The ARK 21Shares Bitcoin ETF (ARKB) was the third-best performer with $138.7 million in net inflows, Farside data shows.

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Bitcoin ETFs make 26% of BlackRock’s 2024 inflows, 56% of Fidelity’s

However, the impressive flows from BlackRock’s IBIT and Fidelity’s FBTC haven’t been enough to gain on the leading ETF asset manager by total flows, Vanguard.

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have accounted for a significant share of the issuers’ total ETF inflows this year.

The Bitcoin ETFs amount to 26% and 56% in year-to-date inflows for BlackRock and Fidelity respectively, according to Bloomberg ETF analyst Eric Balchunas, citing data from Bloomberg Intelligence.

BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) have seen $16.6 billion and $8.9 billion in inflows since they launched nearly five months ago, according to Farside Investor data.

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Ethereum lacks a ‘simple one-liner’ elevator pitch for boomers — Analysts

While Bitcoin is often marketed as "digital gold," Ethereum hasn't quite found its simple elevator pitch yet, according to crypto analysts.

Ethereum (ETH) is lacking an “easy-to-understand” sound bite that will attract the baby boomer generation towards spot Ether exchange-traded funds (ETF), according to analysts.

“Ethereum still has no elevator pitch, despite years of attempts,” Glassnode lead analyst James Check aka “CheckMatey" wrote in a May 24 post on X, following the United States Securities and Exchange Commission’s (SEC) approval of eight spot Ether ETFs on May 23.

“Does a simple one-liner like that exist for Ether? If so, what is it?” added Bloomberg ETF analyst Eric Balchunas, while suggesting that a potential obstacle for the success of spot Ether ETFs will lie in how it resonates with those investors in the 60-80 year old age range.

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Ethereum ETFs launch next month ‘certainly possible’ — Analyst

The launch date will largely depend on how quickly approved applicants amend their S-1 registration statements and how many rounds of feedback they receive from the SEC.

The newly-approved spot Ether (ETH) exchange-traded funds could launch as early as mid-June — if the United States securities regulator follows a similar timeline to its spot Bitcoin ETF process.

Spot Ether ETFs got the green light for their 19b-4 filings today, allowing the funds to be listed on their respective exchanges. However, applicants will first need approved S-1 registration statements to begin trading.

Bloomberg ETF analyst James Seyffart has been saying S-1 approvals could come in a “couple of weeks,” but also noted that they “could take longer” as the process typically takes up to five months.

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Ether surges 18% amid new hope for spot Ether ETFs approvals

If a 19b-4 spot Ether ETF filing be approved, analysts anticipate the SEC won’t immediately sign off on the S-1, which is required for the products to launch.

Ether (ETH) spiked 18% over 24 hours amid new speculation that spot Ether exchange-traded funds could be approved this week — despite months of pessimism.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, there has been “chatter” that the United States securities regulator is asking applicants to accelerate their 19b-4 filings.

This has prompted the pair to raise their approval odds from 25% to 75%.

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Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter

Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC ChatterOn May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for the approval of a spot-based ethereum ETF. “Update: [James Seyffart] and I are increasing our odds of spot Ether ETF approval to 75% (up from […]

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