Many investors had been hoping for the launch of Ethereum ETFs as soon as tomorrow, 2 July. However, it looks like this is unlikely to happen, as the U.S. Securities and Exchange Commission (SEC) has once again delayed the approval process with new comments. Bloomberg ETF expert Eric Balchunas noted in a social media post: "It seems the SEC took extra time this week to address public feedback (even though the changes were minor)." Recently, people who want to launch Ethereum ETFs have submitted revised S1 filings. In May, the SEC approved eight 19b-4 applications for Ether index funds, which was a big deal. Now, the agency has commented on the S1 forms and asked for resubmissions by 8 July. Balchunas thinks this probably means that the launch of Ethereum spot ETFs will be in the second half of July. Just a few days ago, Bitwise CIO Matt Hougan predicted that Ethereum ETFs could see net inflows of $15 billion within the first 18 months of their launch. Unlike the 19b-4 applications, the S1 forms aren't tied to a specific deadline, so the potential issuers have to follow the SEC's timeline for review and approval. Despite the delays, there’s still plenty to be optimistic about. Even SEC Chair Gary Gensler recently confirmed that the approval process for Ethereum ETFs is going well.