Ethereum
Ethereum Spot ETF Could Potentially Be Available as Early as July 15
Nate Geraci, president of ETFStore, predicted that spot Ethereum ETFs could begin trading within the next two weeks, potentially as early as July 15.
According to Geraci, the U.S. Securities and Exchange Commission (SEC) is expected to complete its approval process for Ethereum ETF spot trading this week.
I will be *shocked* if spot eth ETFs don’t trade in the next 2 weeks…
It’s possible later next week, but I think the week of July 15th is more likely.
Interestingly, eth price ↓ 20%+ since the “surprise” 19b-4 approvals in late May.
— Nate Geraci (@NateGeraci) July 6, 2024
Recently, the SEC returned S-1 filings to potential issuers, including large firms such as BlackRock, Fidelity and Grayscale, with minimal comment.
Geraci outlined a potential sequence of events, suggesting that issuers will submit revised S-1 forms by July 8, with final SEC approval likely around July 12. That accelerated timeline reflects what appears to be a constructive dialogue between the regulator and ETF providers.
The growing momentum around Ethereum ETFs has sparked additional activity in the market. YieldMax, a well-known ETF issuer, has filed an application for an Ether Options Income Strategy ETF, while Hashdex is seeking approval for an Ether Options Income Strategy ETF. Combined Bitcoin and Ethereum ETF.
The SEC’s decision in the coming days is expected to have significant implications for cryptocurrency investing. The approval of Ethereum spot ETFs could potentially facilitate broader adoption of Ethereum-based financial products.
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