Spot Ethereum ETFs Expected to Launch Mid-July
As July begins, the cryptocurrency market eagerly awaits the launch of spot Ethereum ETFs.
The crypto community is particularly focused on when these ETFs will start trading.
Currently, all eyes are on July 4 for the SEC’s final approval of ETH ETFs. However, ETF expert Nate Geraci from The ETF Store has updated his prediction, now expecting spot Ethereum ETFs to launch on July 15.
Geraci notes that Bloomberg’s estimate also points to mid-July. He explains that revised S-1 applications are anticipated to be submitted on July 8, with final S-1 approval potentially arriving by July 12.
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Based on this timeline, Geraci argues that July 15 is the most likely date for the launch of spot Ethereum ETFs.
Wen spot eth ETF?
BBG sticking w/ mid-July.
Amended S-1s due July 8th.
Potential final S-1s by July 12th.
Would theoretically mean launch week of July 15th.
via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21
— Nate Geraci (@NateGeraci) July 3, 2024
In May, the SEC approved 19b-4 filings to list spot ETH ETFs on exchanges. However, S-1 filings must also receive SEC approval before these ETFs can begin trading.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
