As we enter July, the beginning of a new era for the cryptocurrency market, the biggest question for the crypto community remains when spot Ethereum ETFs will begin trading.
At this point, while all eyes are on July 4 for the SEC's final approval of ETH ETFs, ETF expert Nate Geraci updated his prediction.
Accordingly, Nate Geraci, head of The ETF Store, predicts that spot Ethereum ETFs will launch on July 15.
Pointing out that the Bloomberg estimate is still mid-July, Geraci said that revised S-1 applications are expected to be submitted on July 8 and the final S-1 approval date may come on July 12.
Against these dates, Geraci argued that the most likely day for spot Ethereum ETFs to begin trading would be July 15.
“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.”
As is known, the SEC approved 19b-4 filings to list spot ETH ETFs on exchanges in May. However, the SEC also must approve S-1 filings before ETFs can begin trading.
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.
