Bloomberg ETF analyst: May need to delay the prediction for the approval of the Ethereum spot ETF S-1 application around July 4

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas stated: "It is reported that the issuer is still waiting for comments from the SEC's corporate and financial department on their S-1 submitted two weeks ago. This department is reviewing these documents for the first time. Why? Because (very likely) a last-minute political shift has caught them by surprise.

It is unclear whether they are prioritizing this work, and it may be necessary to delay my previous prediction that the spot Ethereum ETF S-1 would be approved around July 4."

Previously, the SEC chairman mentioned at a hearing that the document might be approved sometime this summer, but did not specify a date.