When Will the Critical Decision in Ethereum Be Made? Watch Out This Week!

ETF Trends President Nate Geraci said spot Ethereum ETFs in the US could enter the market in two weeks.

Bloomberg analysts expect spot Ethereum ETFs to open for trading in mid-July following approval by the U.S. Securities and Exchange Commission (SEC).

Can be opened after two weeks

According to ETF Trends President Geraci, issuers will update their S-1 filings based on the SEC's feedback and submit them to the SEC by July 8.

If the SEC finds problems in these files and the issuers make changes again, the final version of the S-1 files is expected to be submitted on July 12.

“This means they could theoretically be installed the week of July 15th,” Nate Geraci commented.

Can receive billions of dollars of investment

According to research by cryptocurrency company Gemini, spot Ethereum ETFs could attract a net $5 billion in investment within the first six months after entering the market.

Evaluating the performance of Ethereum against Bitcoin, analysts stated that if the Ethereum/Bitcoin ratio returns to the median of the last three years, it may increase by 20% to 0.067.

Steno Research researchers expect the Ethereum price to rise with the influence of spot ETFs. According to Steno's report, the Ethereum (ETH) price may break a new price record by reaching up to $6,500 later in the year.