Spot Ethereum ETF Latest Expectations: New Dates and Updates!
As we enter July, the cryptocurrency market ushers in the dawn of a new era, however, the community remains anxiously watching when the spot Ethereum ETF will begin trading.
While everyone awaits the final approval of the ETH ETF from the U.S. Securities and Exchange Commission (SEC) on July 4, ETF analyst Nate Geraci has a new prediction.
Nate Geraci, head of ETF Store, predicts that the spot Ethereum ETF will launch on July 15. He noted that Bloomberg's forecast also points to mid-July, expecting the revised S-1 filing to be submitted on July 8, and the final S-1 approval date could be July 12.
Geraci believes that the most likely date for the spot Ethereum ETF to begin trading is July 15. He mentioned in the tweet:
"Have we set a date for the ETF? Bloomberg noted that the date will be announced in mid-July. The S-1 will be submitted on July 8, and the final S-1 approval is expected on July 12. So, in theory, the launch week should be July 15."
The market's expectations for the spot Ethereum ETF have pushed up the price of ETH. Investors generally believe that once the ETF is launched, it will attract a large amount of institutional funds into the market, further pushing up the value of ETH.
Although the SEC has approved the 19b-4 application, the approval of the S-1 application is the last hurdle. If the S-1 is approved on July 12 as expected, the market will usher in a major positive.
Short-term volatility and long-term trend: Between July 8 and July 12, the market may experience some short-term volatility, and investors should pay close attention to the SEC's announcement. However, in the long run, the launch of the spot Ethereum ETF will bring more capital inflows and market recognition to ETH.
