Spot Ethereum ETF Launch Could Take Place on July 15
According to industry predictions, the launch of a spot Ethereum ETF could occur during the week of July 15. Nate Geraci of Bloomberg suggests that filings for the ETF will take place on July 8 and July 12, with the final submission leading to a potential launch in mid-July.
However, experts remain cautious about the approval from the Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst Eric Balchunas initially anticipated approval before July 4 but revised his outlook after learning that the SEC had requested amendments from prospective issuers. Balchunas now believes that regulatory movement is more likely during the week of July 8, citing minimal activity ahead of Independence Day.
The delay in the ETF’s approval is viewed as a setback for the industry, as the introduction of spot Ethereum ETFs was expected to revitalize the market, similar to the impact of spot Bitcoin ETFs earlier this year. Market analysts speculate that spot Ethereum ETFs may outperform Bitcoin once launched.
A report by K33 Research suggests that these ETFs, expected to be launched as early as July 8, could significantly boost the price of Ether. On the other hand, Bitcoin could face selling pressure as $850 million in funds are returned to creditors of the defunct exchange Mt. Gox starting this week. This dynamic could potentially lead to a shift in market dynamics, with Ethereum gaining more traction.
It is important to note that this information is not investment advice, and individuals are encouraged to conduct their own research before making any investment decisions.