As Bitcoin and altcoins try to erase the traces of last week's deep decline, the biggest question for the cryptocurrency community remains when spot Ethereum ETFs will begin trading.
At this point, while all eyes are on July 15, the last updated date for the SEC's final approval of ETH ETFs, an update from ETF expert Nate Geraci.
Accordingly, Nate Geraci, president of The ETF Store, said he believes the SEC will complete all necessary processes for spot Ethereum ETF trading this week.
At this point, Geraci, who thinks it is more likely that ETH ETFs will be launched on July 15 or the week of July 15 at the latest, stated that he would be 'shocked' if the Ethereum ETF did not start trading within the next two weeks.
Pointing out that the general expectation is still mid-July, Geraci claimed that issuer companies have to submit their revised S-1 applications 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.
However, the exact date of the spot Ethereum ETF launch remains unclear.
Just timing of filings…
Most issuers (believe all but Bitwise) still have to submit amendments on Monday.
Will then be "final" S-1 submitted after that, which needs to happen by Wed as assume issuers don't want Fri launch.
Think unlikely, so moves timeline to July 15th week.
— Nate Geraci (@NateGeraci) July 6, 2024
*This is not investment advice.
