Eric Balchunas, Bloomberg's senior ETF analyst, said in a statement that he has inside information on when the SEC will approve the Ethereum futures ETF.
According to Balchunas, the SEC wants to speed up the approval of these products so that the Ethereum futures ETF can be removed from their agenda as soon as possible before the crisis in the United States causes a government shutdown.
The analyst requested ETH ETF applicants to update their application documents by Friday afternoon so that their applications can be evaluated immediately. Balchunas noted that updating such a document within two days would be an intense task, especially for small applicants.
Balchunas: “Ethereum Futures ETF Will Be Approved on Monday, Will Start Trading on Tuesday”
However, according to the analyst, the SEC will approve the applications of candidates who update their application documents by Friday afternoon and these products will begin trading on Tuesday.
In their previous statements, Bloomberg analysts James Seyyfart and Eric Balchunas had already predicted that the ETFs in question would be launched in October.
Republican U.S. House Speaker Kevin McCarthy rejected a stopgap funding bill advancing in the Senate on Wednesday, leaving Washington just four days away from the fourth partial shutdown of the U.S. government in the past decade. It is thought that a closure event would deeply affect the SEC. It is rumored that Bitcoin Spot ETF applications were postponed early for this reason.
*This is not investment advice.
