Cobo Founder Shenyu: Ether Spot ETF S-1 Document may be Approved as Early as Early June, Trading to Commence in Mid-June

Cobo Founder Shenyu: Ether Spot ETF S-1 Document may be Approved as Early as Early June, Trading to Commence in Mid-June

Cobo Founder Shenyu: Ether Spot ETF S-1 Document may be Approved as Early as Early June, Trading to Commence in Mid-June

F2Pool, the Bitcoin mining pool, and Cobo, a digital asset custody solution provider, founder Discus Fish shared his views on the progress and trading situation of the Ethereum spot ETF application on the X platform on Friday (24th). He believes that based on the experience and publicly available information of the Bitcoin ETF, the S-1 registration statement for the Ethereum spot ETF may be approved in early June and begin trading in mid-June at the earliest.

According to a previous report by Zombit, the U.S. Securities and Exchange Commission (SEC) recently approved the 19b-4 proposal related to the Ethereum spot ETF, bringing the potential listing of these funds one step 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 provision. Referring to the situation of the 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 Bloomberg Intelligence analyst James Seyffart, who predicts that the approval of the S-1 document may take several weeks, but it could also take longer, “usually this process takes several months.” Another Bloomberg analyst, Eric Balchunas, speculates based on the approval status of the Bitcoin ETF that “mid-June is definitely possible.”