Bloomberg ETF analyst predicts that an Ethereum spot ETF may be launched in mid-June. James Seyffart suggests that the approval process could be completed in a few weeks but may also take longer. Eric Balchunas expects the SEC's review process of the S-1 amended filing to last two weeks, leading to the mid-June estimate. Gabriel Shapiro from Delphi Labs and digital asset lawyer Joe Carlasare discuss the possibilities and challenges of the SEC approval process, noting that while there may be theoretical questions, they are unlikely to affect the approval outcome. Seyffart adds that decisions are typically made in an authorized manner, and even if there is a request for a re-examination, it is unlikely to change the approval outcome.

Odaily Planet Daily News Bloomberg ETF analyst James Seyffart has always stated that the approval of the Ethereum spot ETF's S-1 may be completed "in a few weeks," but he also noted that it "may take longer" as the process typically takes up to five months. However, another Bloomberg ETF analyst, Eric Balchunas, responded that "mid-June is definitely possible," Balchunas expects the SEC to have only one round of comments on the S-1 amendment, similar to the feedback provided by the SEC to applicants for spot Bitcoin ETFs, a process that takes about two weeks, which is how he arrived at the mid-June estimate.

In addition, Gabriel Shapiro, the Chief Legal Officer of Delphi Labs, pointed out that the SEC's approval is made by its Trading and Markets Division under "authorization," and claimed that any of the five SEC commissioners has the right to challenge this decision within the next 10 days. Digital asset lawyer Joe Carlasare stated that while theoretically someone could challenge this decision, in practice, they won't because the SEC will not approve the decision by the Trading and Markets Division without confirming if any commissioner opposes it; Seyffart pointed out that making decisions by authorization is the "norm" as requiring a formal vote on every decision and document would be "crazy," he also added that even if a review is requested, it is unlikely to have any impact on the approval result. (Cointelegraph)

Bloomberg analysts predict that an Ethereum spot ETF may be launched in mid-June.