KEY POINTS
- Bloomberg's Balchunas said a late June approval is a "legit possibility"
- He, however, believes an approval around Independence Day is more likely
- The SEC has to approve issuers' S-1 filings before the funds begin trading
Following the approval of 19b-4 filings of exchanges seeking to trade and sell spot Ether (ETH) exchange-traded funds (ETFs), there is much talk about when the products will launch, and an industry expert has dropped his own prediction: late June or sometime around the U.S. Independence Day on July 4.
