F2Pool, a Bitcoin mining pool, and Cobo, a digital asset custody solution provider, founder of Discus Fish, shared his views on the progress and trading situation of the Ethereum spot ETF application on X platform on Friday (24th). He believes that based on the experience of Bitcoin ETF and market public information, the S-1 registration statement for Ethereum spot ETF could be approved as early as early June, with trading starting in mid-June.
According to a previous report by Zombit, the U.S. Securities and Exchange Commission (SEC) earlier approved the 19b-4 proposal related to the Ethereum spot ETF, bringing the potential listing of these funds closer. However, investors still need to wait for the SEC to approve the S-1 registration statement submitted by the fund issuer before trading such ETFs can begin.
According to Discus Fish, the unexpected approval of the 19b-4 proposal for the Ethereum spot ETF has led market makers to start purchasing Ethereum (ETH) spot to prepare for liquidity. Referring to the situation of Bitcoin ETF, he stated that the S-1 form may be approved in as little as two weeks, “but the normal pace may take 3 months.” If the S-1 is approved in early June, the Ethereum spot ETF may start trading in mid-June.
Discus Fish also made predictions about the trading situation after the listing of the Ethereum spot ETF. He wrote:
Discus Fish’s views are similar to those of James Seyffart, an analyst at Bloomberg Intelligence, who predicts that the approval of the S-1 document may take a few weeks, but it could also take longer, “usually this process takes several months.” Another Bloomberg analyst, Eric Balchunas, speculated based on the approval status of Bitcoin ETF, saying that “mid-June is definitely possible.”
