The post Nate Geraci Hints Ethereum ETF To Launch Anytime As SEC Nears Final Approval appeared first on Coinpedia Fintech News
Nate Geraci, president of ETF Store, has hinted that a wave of amendments for spot Ethereum ETF filings is expected over the next few days. According to Geraci’s recent tweet, the Securities and Exchange Commission (SEC) appears to have addressed all major concerns, potentially paving the way for an official launch before July 4th.
SEC’s Final Review Phase
Nate Geraci’s tweet highlights that multiple amendments to spot Ethereum ETF S-1 filings are expected on Thursday and Friday. This surge in activity suggests that ETF issuers are making last-minute preparations for the final steps needed for SEC approval.
Will be flurry of spot eth ETF S-1 amendments tomorrow & Friday…IMO, based on Bitwise filing yesterday, doesn’t look like anything noteworthy left for SEC to address/comment on.I’m still going w/ launch before July 4th.
— Nate Geraci (@NateGeraci) June 20, 2024
The anticipated amendments come in the wake of a recent filing by Bitwise, which Geraci believes addresses all of the SEC’s concerns and seems to signal that no further substantial comments or issues to address.
Meanwhile, the potential approval of spot Ethereum ETFs represents a milestone for the cryptocurrency market. A launch before July 4th would mark a huge shift, allowing retail and institutional investors easier access to Ethereum.
This could lead to increased liquidity and broader acceptance of Ethereum as a mainstream investment asset.
Rise in Interest in Spot Ether ETFs
Interest in spot Ethereum ETFs is surging following Consensys’s disclosure that the SEC has ended its investigation into Ethereum. This news has led to a broader recovery in the crypto market, with ETH prices rebounding above $3,500.
The price of ETH has increased by 1.7% in the past 24 hours, currently trading at $3,586. However, trading volume has decreased by 28% in the last 24 hours, indicating a temporary decline in interest among traders.
