Coinfeeds Daily → Spot Ethereum ETFs Could Launch by Mid-July, Says Analyst

Spot Ethereum ETFs Could Launch by Mid-July, Says Analyst

Published: Jul 03, 2024 | Last Updated: Jul 03, 2024
Howard Kane
An Ethereum ETF
Image: An Ethereum ETF

Nate Geraci of The ETF Institute suggests a mid-July launch, following SEC's request for revised S-1 registration statements.

Potential Launch Timeline

Nate Geraci, president of The ETF Institute, has indicated that spot Ethereum ETFs could be available by mid-July. Specifically, he suggests that the launch could occur during the week of July 15. This follows the final submission of amended S-1 registration statements, which are due by July 8. This timeline is based on the SEC's recent request for ETF applicants to submit revised S-1s.

Significance of SEC's Request

The SEC's request for revised S-1 registration statements is a significant step towards the launch of cryptocurrency funds. This move indicates that regulatory bodies are actively working towards creating a framework for the introduction of spot Ethereum ETFs. This could pave the way for more cryptocurrency-based financial products in the future.

Impact on the Cryptocurrency Market

The introduction of spot Ethereum ETFs is expected to have a substantial impact on the cryptocurrency market. Analysts project that these ETFs could attract up to $5 billion in net inflows within the first six months of their launch. Additionally, the value of Ethereum in U.S.-based spot ETFs could rise to between $13 billion and $15 billion by the end of the year.

Practical Takeaways

For investors and cryptocurrency enthusiasts, the potential launch of spot Ethereum ETFs represents a significant opportunity. It could lead to increased liquidity and stability in the Ethereum market, making it a more attractive investment option. Additionally, the regulatory approval of these ETFs could signal a broader acceptance of cryptocurrencies in traditional financial markets.

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