Key Points:

  • Analysts predict the spot Ethereum ETF launch in mid-July, with Bitwise amending its S-1 registration ahead of a July 8 deadline.

  • Industry experts expect final SEC approval by July 15, following the agency’s unexpected rule change approvals in May.

  • Optimism is high that spot Ethereum ETFs will attract significant institutional investment.

Excitement is building in the cryptocurrency industry as analysts predict a potential mid-July launch for long-awaited spot Ethereum exchange-traded funds (ETFs).

Anticipated Mid-July for Spot Ethereum ETF Launch

Asset management firm Bitwise recently amended its S-1 registration with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of a spot Ether ETF.

According to Bloomberg ETF analyst Eric Balchunas, Bitwise made this filing ahead of a July 8 deadline, suggesting that spot Ethereum ETF launch could commence shortly after the Independence Day holiday. Balchunas noted that while the SEC has been slow in granting final approvals, all indications point to a launch this month.

Industry experts, including Nate Geraci, president of The ETF Store, anticipate final approval by July 12, with a possible launch in the week of July 15. Bloomberg analyst James Seyffart echoed this sentiment, suggesting these ETFs could list in mid-July.

Ethereum ETFs Poised to Attract Significant Institutional Investment

This development follows the SEC’s unexpected approval of rule changes in May, which set the stage for these investment vehicles. Unlike Ether ETFs, the SEC had already approved 194-b filings for spot Bitcoin ETFs and effective S-1 prospectuses in January.

The optimism among traders is fueled by the expectation that spot Ethereum ETF launch will attract significant institutional investment, potentially driving billions of dollars into the Ether market. According to K33 Research analysis, the launch of these ETFs could result in Ethereum outperforming Bitcoin in the subsequent weeks.

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