Expected impact of ETH spot ETFs on Ethereum: According to global bank Citi, these funds are expected to account for 30% to 35% of inflows into spot Bitcoin (BTC) ETFs. This equates to a net estimated amount of $4.7 billion to $5.4 billion in the first six months.
With such a large influx, the value of Ethereum could increase significantly. A big reason for this is that the cryptocurrency has limited liquidity, with a market depth of just 1%. Market depth refers to the ability of a market to absorb large buy or sell orders without significantly affecting the price.
It now looks like the fund will launch on July 23. The Securities and Exchange Commission (SEC) has asked issuers to file final S-1 filings on Wednesday and request approval after the close on Monday, according to Bloomberg ETF expert Eric Balchunas.
Ethereum spot ETF listing countdown
At present, various issuers have successively announced the fees of Ethereum spot ETFs, just like the situation before the listing of Bitcoin spot ETFs. According to Bloomberg analyst James Seyffart, the fees of the other nine ETFs except ProShares have been released.
The market expects the SEC to approve the S-1 document next week, and confidence in its official listing is growing. It is expected that it will bring more capital to the crypto market.
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