Odaily News Bloomberg ETF analyst Eric Balchunas wrote on X: "We expect the launch date of the spot Ethereum ETF to be brought forward to July 2. I heard that the (SEC) staff sent comments on the S-1 to the issuer today, and the comments were brief. There were no major issues and a response was required within a week. They will most likely announce the effectiveness next week and resolve the matter before the holidays. Everything is possible, but this is our best guess at the moment. The previous forecast date was July 4, so this is not a major shift." Earlier, the SEC chairman said at a hearing that the document may be approved this summer, but did not specify a specific date.