This July 2024 may game changer for crypto

when

Spot Ethereum ETF to Go Live This Week

as Nate Geraci, president of ETF Store, anticipates that the approval of the spot Ethereum ETF will occur this week.

one of the potential issuers, Hougan highlighted the minimal amendments required in the latest filings. This suggests a closer approach to the approval finish line.

“These minimal amendments indicate that we are getting closer to the finish line. I think what you’ll hear this week or next makes sense to me. This is a very fast-moving process. Remember, just two months ago, no one thought we’d see these ETFs. Now it seems likely we will, and we’ll see what the reaction is,” Hougan commented.

Geraci also emphasized the growing interest in cryptocurrency assets among institutional investors and financial advisors. He noted that despite current market conditions, the demand for Ethereum might mirror the significant success seen with Bitcoin ETFs.

“The spot Bitcoin ETF was the most successful ETF launch in industry history when you consider the cumulative impact of the 10 or 11 ETFs that came to market. I think a spot Ethereum ETF could be the second most successful launch ever,” Geraci stated.

Additionally, market analysts believe that ETH could experience positive price movement following the launch of a spot Ethereum ETF

Furthermore, industry experts believe that a spot Ethereum ETF will pave the way for other crypto ETFs. The Chicago Board Options Exchange (CBOE) has filed 19b-4 forms to trade spot Solana ETFs for two issuers, VanEck and 21Shares. However, the U.S. Securities and Exchange Commission (SEC) has until 2025 to respond to this request

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