While spot Ethereum ETFs remain in the shadow of the declines, ETF analysts draw attention to the dates of July 8 and July 15 regarding the process.
At this point, while it is expected that the SEC will give the S-1 approval required for ETFs to not start trading on July 15, Matrixport said that ETH prices may rise again until the S-1 approval.
Digital asset financial services platform Matrixport said that the price of ETH may rise again if the SEC approves S-1 filings in the week of July 8.
“On May 23, the SEC approved ETF issuers' 19b-4 filings, but S-1 filings remain pending.
Since then, ETH has increased by 20%. Due to the July 4th holiday and long weekend, the SEC may have postponed the filing until the week of July 8th (today).
“If the SEC takes action this week, ETH prices may rebound.”
#Matrixport 📈Today-Jul 8: SEC Will Likely Approve #ETH ETF This Week#CryptoFinance #cryptocurrency #Crypto #SEC pic.twitter.com/83WVrVjrOZ
— Matrixport Official English (@Matrixport_EN) July 8, 2024
Experts Focused on the Date of July 15!
Nate Geraci, president of The ETF Store, said he believes the SEC will complete all necessary processes for spot Ethereum ETF trading this week.
Geraci, who thinks that ETH ETFs are more likely to be launched on July 15 or in the week of July 15 at the latest, said that issuer companies have to submit revised S-1 applications on July 8 and the final S-1 approval date may come on July 12. He claimed.
Against these dates, Geraci argued that the most likely day for spot Ethereum ETFs to begin trading would be July 15.
Apart from Geraci, Bloomberg ETF analyst James Seyffart also said that he expected ETH ETFs to be approved on July 15.
*This is not investment advice.
