Nate Geraci,president ETF Research Institutesuggesting the possibility of a mid-July release of Spot Ethereum ETH/USD ETFs are a move that could have a major impact on the cryptocurrency market.
what happened: Djerassi, who has previously made headlines with his predictions about approval dates, appeared on X on Tuesday to discuss the timeline for the launch of a spot Ethereum ETF.
Geraci stressed that the amended S-1 must be filed by July 8. Bloomberg It's expected that the final S-1 could be filed by July 12th, which would theoretically allow the launch to happen the week of July 15th.
See also: Peter Schiff Says Things Will Likely Get Worse From Here for Bitcoin Investors, But Experts Say Three BTC Indicators Are Giving Bullish Signals
The approval of the 19b-4 form in May brought the ETF one step closer to starting trading, as the SEC now requires ETF applicants to file amended S-1 registration statements by July 8, the final hurdle before crypto funds can become a reality.
Why is this important: Speculation is surging around an investment vehicle that tracks the spot price of the world's second-largest cryptocurrency, according to analysts at Bloomberg ETFs. Eric Balchunas The entire process will be postponed until July 8th.
The launch of a Spot Ethereum ETF could have a major impact on the cryptocurrency market. Gemini Net inflows of up to $5 billion are expected within the first six months of trading, and this capital inflow could drive Ethereum’s value in U.S.-based spot ETFs to $13-15 billion by the end of the year.
Price ActionAt press time, Ethereum was trading at $3,384.45, down 1.87% over the past 24 hours, according to data from Benzinga Pro.
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