According to Odaily, Nate Geraci, the President of The ETF Store, has recently expressed his anticipation for the launch of a spot Ethereum ETF. He stated that he would be 'shocked' if the Ethereum ETF does not start trading within the next two weeks. While it could potentially be introduced later next week, it is more likely to be launched during the week of July 15th.
Interestingly, since the 'unexpected' approval of the 19b-4 form at the end of May, the price of ETH has dropped by more than 20%. This development has sparked curiosity among market watchers, as the approval of the form is a significant step towards the launch of the Ethereum ETF. The drop in ETH price, despite this positive development, indicates the complex dynamics of the cryptocurrency market.
Geraci's statement has added to the growing anticipation for the Ethereum ETF. The launch of this ETF is expected to provide a more accessible and regulated way for investors to gain exposure to Ethereum, one of the leading cryptocurrencies. However, the exact date of the launch remains uncertain, with Geraci suggesting a timeframe rather than a specific date.