š„š„š„ Spot #EthereumETF Launch Could Take Place on July 15
Predictions for Spot Ethereum ETF Launch and Market Impact
Potential Launch Dates:
- Nate Geraci predicts that the spot Ethereum ETF could launch during the week of July 15. According to Geraci, the revised S-1 filing is expected on July 8, with the final submission due on July 12. This timeline suggests that the ETF could debut in mid-July.
Regulatory Outlook:
- Eric Balchunas, a Bloomberg Intelligence analyst, has updated his prediction for #SECApproval . Initially forecasting approval before July 4, Balchunas now expects movement the week of July 8. He adjusted his outlook due to recent regulatory amendments and the typically quiet period ahead of Independence Day.
Market Expectations:
- The anticipated launch of spot Ethereum ETFs is expected to bring a boost to the cryptocurrency market. Analysts from K33 Research, including Vetle Lunde and David Zimmerman, believe that Ethereum ETFs could outperform #BitcoinETFs following their launch. They suggest that these ETFs, potentially available as early as July 8, might significantly increase Etherās value.
- Conversely, Bitcoin might experience selling pressure as $850 million in funds are returned to creditors of the defunct Mt. Gox exchange. Despite Ethereumās lag compared to Bitcoin over the past year, Bitcoinās growth has been driven by over $14 billion in investments into Bitcoin exchange-traded products.
- The launch of spot Ethereum ETFs could mark a pivotal shift in market dynamics, potentially altering the current market trends.
Source - coincu.com
