🌐 The SEC returned Forms S-1 to potential Ether ETF issuers with comments and asked them to make changes and refile by July 8th.

If the launch of the Ethereum ETF is delayed, then next week we may see fluctuations in the market. The wait for eventual approval is also complicated by a lawsuit against ConsenSys.

The market is quite pessimistic about the listing of spot Ether ETFs. The impact of this situation on the Ethereum price will most likely be less than in the case of $BTC -ETF due to lower capitalization and liquidity.

Experts expect an influx of investment into Ether ETFs of about $20 billion in the first year.

A positive factor for Ethereum is that 78% of ETH is owned by long-term investors supporting Vitalik Buterin's project.

However, much will depend on the state of the market and the presence of negative news. If everything goes well, we might see $ETH at $6k by the end of the year.