Bloomberg ETF analyst James Seyffart previously said he and his colleagues believed a spot ETF could launch around July 15 as the application process was refined, but now said he felt "not confident" about launching an ETF at that point, adding that there was no official approval timeline and that the Securities Exchange Commission's company finance department was "taking the time" to approve each fund. However, another Bloomberg ETF analyst, Eric Balchunas, sees all indications that "an Ethereum ETF will still be launched this month," such as the fact that Bitwise has been able to amend its application earlier than the July 8 deadline expected by it and other applicants.