Renowned ETF expert Nate Geraci predicts that a spot Ethereum ETF could begin trading as early as two weeks from now. Geraci anticipates approval from the US Securities and Exchange Commission (SEC) by July 12, with trading possibly starting on July 15. This follows the SEC's positive feedback on S-1 filings from potential issuers like BlackRock and Fidelity, signaling a smooth approval process.
Geraci's optimism stems from the constructive dialogue between the SEC and ETF applicants, suggesting a favorable regulatory environment. This optimism has prompted other firms, such as YieldMax, to file for their own Ethereum-related ETFs. If approved, these ETFs would offer investors a new avenue to participate in the Ethereum market, potentially capitalizing on its price volatility.
Despite Ethereum's recent 20% price decline since surprise approvals in late May, Geraci remains bullish on the outlook for spot Ethereum ETFs, projecting a launch within the next two weeks.
#ETHETFsApproved #Write2Earn! #BinanceTournament #megadrop #BinanceTurns7