💥💥💥 When Will the SEC Approve Spot $ETH #ETF✅ Registration Statements? ETF Expert Predicts Timeline
SEC Approves Eight Ethereum ETFs, Market Awaits Quick Listing
- On May 23rd, the U.S. SEC approved eight 19b-4 application forms for Ether ETFs from firms like #BlackRock , Fidelity, and Grayscale, sparking speculation about their listing and trading timelines. Unlike the lengthy process for Bitcoin ETFs, experts predict a faster approval for Ether ETFs.
Rapid Approval Expected for Ether ETFs
- Bitcoin futures ETFs took over two years to be listed on major exchanges after approval. However, Nate Geraci, President of ETF Store, suggests the SEC has already done much of the necessary groundwork, potentially speeding up the Ether ETF approval process. Following the SEC’s January rule change facilitating ETH ETF listings, Geraci believes the ETFs could be listed within "2-3 months max."
Speculations on Listing Date
- Eric Balchunas, a senior Bloomberg ETF analyst, humorously speculated that the SEC might list ETH ETFs around July 4th, aligning with Independence Day celebrations. James Seyffart, another Bloomberg Intelligence expert, expects a similar or faster timeline for Ethereum ETFs compared to the three-month approval period for Bitcoin ETFs.
Impact on Ethereum Price
- Anticipation of Ethereum #ETFs has fueled bullish market sentiment, pushing Ethereum's price to $3,932, a 3.4% increase in 24 hours and a 35% rise over the past two weeks. Former President Donald Trump’s pro-crypto comments have also boosted market confidence.
Source - coinpedia.org
