Experts Predict Ethereum ETF Could Launch in June

In a recent update, industry experts are predicting that Ethereum Exchange-Traded Funds (ETFs) could become operational as early as June. Both BlackRock and Grayscale have updated their profiles, indicating the potential launch of Ethereum ETFs. Bloomberg analyst Eric Balchunas forecasts that the introduction of a cryptocurrency-based investment vehicle would mark the second wave of such offerings in the United States.

The surprising approval of an ETH ETF by the U.S. Securities and Exchange Commission (SEC) has sent shockwaves throughout the financial sector. While the approval was granted in May, the market is eagerly awaiting the product’s launch, with expectations rising as June approaches.

ETFs have dominated the digital asset space this year, with the breakthrough approval of Bitcoin ETFs in January. The impact was nearly immediate, as BTC reached all-time highs just three months after their launch.

Now, the industry is waiting to see if the second-largest cryptocurrency can achieve a similar success story. Recently approved Ethereum ETFs are expected to go live in June following recent filings. Balchunas specifically notes a timeframe within the month for the product’s official launch.

Balchunas predicts that the ETFs could arrive towards the end of the month, although he also mentions that he is maintaining a date range between July 4th. Furthermore, he expresses his expectation of “another round of commentary” between the issues and the SEC.

There is belief that the SEC’s approval holds more political significance than anything else. Its political motivation is aimed at dispelling the perception that the agency is anti-cryptocurrency. With the approval of the Ethereum product, that objective has been achieved. Therefore, analysts do not anticipate any reason for the agency to rush the official launch.

Tags: Ethereum

Disclaimer: This article is for informational purposes only and should not be considered as financial advice.