Issuers of spot Ethereum ETFs will submit their S-1 forms by Monday for the SEC to review again. Nate Geraci expects the approval to be completed in the next two weeks. Before approval, ETH prices face strong selling pressure.
As we enter the second week of July, all eyes are on the S-1 filing for the spot Ethereum ETF, which is expected to go live on July 15. In the last week of June, the SEC returned all S-1 forms to issuers, requiring them to resubmit with some minor revisions. ETF Store President Nate Geraci said that the revised S-1 filings may arrive by Monday, July 8.
Spot Ethereum ETF Amendment
Geraci said the biggest thing to watch will be how quickly the U.S. Securities and Exchange Commission (SEC) will process these amendments. The ETF Store president said the main focus will be on the fees associated with these ETFs. Some market participants, such as Bitwise, filed S-1 amendments last week. Other issuers, such as BlackRock, 21Shares, Fidelity and Grayscale, are expected to file on Monday.
He further added that the issuer is preparing for the launch in the next two weeks, subject to approval from the SEC. Market analysts predict that the Ether ETF could see inflows of around $15 billion over the next six months of launches.
ETF Store President Nate Geraci expressed confidence that the spot Ethereum ETF will begin trading within the next two weeks. Note that the price of Ethereum has fallen 20% since the 19b-4 application was approved.
Ethereum price pulls back further
After Ethereum fell below the $3,000 mark last week, bulls tried to push the price above $3,100, but it only lasted for a short time. In the past 24 hours, the price of Ethereum has fallen another 5.6% to $2,871, and the market value has fallen below $350 billion.
It will be interesting to see if the approval of a spot Ethereum ETF sparks some upside movement or if the bears continue to dominate.
Issuers of spot Ethereum ETFs will submit their S-1 forms by Monday for the SEC to review again. Nate Geraci expects the approval to be completed in the next two weeks. Before approval, ETH prices face strong selling pressure.
As we enter the second week of July, all eyes are on the S-1 filing for the spot Ethereum ETF, which is expected to go live on July 15. In the last week of June, the SEC returned all S-1 forms to issuers, requiring them to resubmit with some minor revisions. ETF Store President Nate Geraci said that the revised S-1 filings may arrive by Monday, July 8.
Spot Ethereum ETF Amendment
Geraci said the biggest thing to watch will be how quickly the U.S. Securities and Exchange Commission (SEC) will process these amendments. The ETF Store president said the main focus will be on the fees associated with these ETFs. Some market participants, such as Bitwise, filed S-1 amendments last week. Other issuers, such as BlackRock, 21Shares, Fidelity and Grayscale, are expected to file on Monday.
He further added that the issuer is preparing for the launch in the next two weeks, subject to approval from the SEC. Market analysts predict that the Ether ETF could see inflows of around $15 billion over the next six months of launches.
ETF Store President Nate Geraci expressed confidence that the spot Ethereum ETF will begin trading within the next two weeks. Note that the price of Ethereum has fallen 20% since the 19b-4 application was approved.
Ethereum price pulls back further
After Ethereum fell below the $3,000 mark last week, bulls tried to push the price above $3,100, but it only lasted for a short time. In the past 24 hours, the price of Ethereum has fallen another 5.6% to $2,871, and the market value has fallen below $350 billion.
It will be interesting to see if the approval of a spot Ethereum ETF sparks some upside movement or if the bears continue to dominate.
