As an analyst with a background in cryptocurrencies and experience following regulatory developments, I find Nate Geraci’s forecast for spot Ethereum ETFs commencing trading within the next two weeks to be quite plausible. The recent constructive dialogue between the SEC and ETF providers, as evidenced by the minimal comments on S-1 filings from major firms like BlackRock, Fidelity, and Grayscale, suggests that approval is imminent.
Nate Geraci, president of ETFStore, predicts that Ethereum spot ETFs may begin trading within the following two weeks, with a possible start date of July 15.
Based on Geraci’s insights, it’s expected that the SEC will finalize its review and give the green light for Ethereum spot ETF trading by the end of this week.
I was taken aback when I didn’t observe significant trading activity in Ethereum ETFs within the past two weeks. However, there’s a chance it could start later next week. My best guess is that we’ll see more action during the week of July 15th.
— Nate Geraci (@NateGeraci) July 6, 2024
Lately, the Securities and Exchange Commission (SEC) sent back S-1 filings, which were submitted by companies like BlackRock, Fidelity, and Grayscale, with only a few remarks.
As a researcher, I’ve noticed Geraci proposing a potential sequence of events where issuers are expected to submit revised S-1 forms by July 8. If things go smoothly, SEC approval could follow around July 12. This expedited timeline indicates a productive dialogue between the regulatory body and ETF providers.
The growing buzz around Ethereum Exchange-Traded Funds (ETFs) is leading to heightened market action. For instance, YieldMax, a recognized ETF provider, has applied for an Ether Option Income Strategy ETF. Meanwhile, Hashdex is working on securing approval for a Bitcoin and Ethereum combined ETF.
In the near future, the Securities and Exchange Commission (SEC) is anticipated to make a pivotal decision regarding Ethereum ETFs. If approved, this step could significantly boost the acceptance and usage of Ethereum-centric financial instruments within the mainstream market.
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2024-07-08 01:08