As we move into July, a new chapter is opening for the cryptocurrency market, and the primary question on everyone’s mind is the launch date for spot Ethereum ETFs. The anticipation is high as the community awaits the SEC’s final decision regarding ETH ETFs, initially expected on July 4.
However, Nate Geraci, head of The ETF Store and an ETF expert, has provided an updated forecast. He now predicts that spot Ethereum ETFs will debut on July 15. Geraci highlighted that while Bloomberg’s estimate remains mid-July, revised S-1 applications are anticipated to be submitted by July 8, with the final S-1 approval potentially arriving on July 12. Based on these developments, Geraci suggests that July 15 is the most probable date for the trading of spot Ethereum ETFs to commence.
“Have we identified the ETF date? Bloomberg points to mid-July. S-1s to be exchanged on July 8. Final potential approval for S-1s is due July 12. Theoretically, launch week would mean July 15,” Geraci stated.
It’s worth noting that the SEC approved 19b-4 filings to list spot ETH ETFs on exchanges back in May. However, for the ETFs to start trading, S-1 filings also need the SEC’s green light.
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
*This is not investment advice.
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