Bloomberg Analyst Prediction of Approval for Physical Ethereum ETF S1 around July 4th May Be Delayed

According to a recent post by Eric Balchunas, a Bloomberg analyst, the issuer is still waiting for the SEC’s company and finance department to comment on the S-1 they submitted two weeks ago. This department is reviewing these documents for the first time, and it’s likely due to a last-minute political shift that caught them by surprise. It’s unclear if they are prioritizing this work, which may result in a delay from Balchunas’ prediction that the spot Ethereum ETF S-1 would be approved around July 4th. The SEC chairman previously stated at a hearing that the file may be approved this summer, but did not specify a date.