According to Odaily, Nate Geraci, President of The ETF Store, has expressed his anticipation for the approval of the Ethereum spot ETF S-1 file. He stated that he would be surprised if the file does not receive approval by the end of June. Geraci believes there is no reason for the Securities and Exchange Commission (SEC) to delay the process.
He further noted that the heavy lifting has already been done following the Ethereum futures ETF and Bitcoin spot ETF. This statement suggests that the groundwork has been laid for the approval of the Ethereum spot ETF S-1 file. Geraci's comments reflect a growing optimism in the cryptocurrency market about the potential approval of more ETFs.
However, it is important to note that the SEC has not yet made any official announcements regarding the approval of the Ethereum spot ETF S-1 file. The final decision rests with the regulatory body, and the timeline provided by Geraci is an estimation based on his experience and understanding of the process.