CoinWorld reported:
Expert Nate Geraci said that the highly anticipated spot Ethereum ETF is expected to be launched in two weeks. Geraci, co-founder of ETF Research Institute, discussed on X (formerly known as Twitter) the timeline for the launch of the second cryptocurrency-based ETF in the United States.
On Monday, as VanEck officially submitted the S-1 to the U.S. Securities and Exchange Commission (SEC), this process took an important step forward. Bloomberg analyst Erich Balchunas said that this application is expected to be the first among many applications. The process is underway, and now July 15th is the day when trading is likely to begin.
Source: Blockchain Report
Please also read: Ethereum ETF Approval: Milestone in the Cryptocurrency Journey
With the arrival of the S-1 application, the Ethereum ETF will be launched in mid-July.
On May 23rd of this year, the U.S. Securities and Exchange Commission approved the creation of a spot Ethereum ETF. However, this does not mean that the process has ended, as the issuer is still discussing potential issuance dates with the agency. As the process continues, the official arrival date has come into view.
The initial prediction was for July 4th. Subsequently, experts indicated that July 8th was possible. ETF expert Nate Geraci now says that the spot Ethereum ETF is expected to be launched in the next two weeks.
Geraci said, “If the Spot ETH ETF does not trade within the next two weeks, I will be [shocked].” In addition, he added, “It’s possible later next week,” while telling his followers that “the week of July 15th” is more likely.
Please also read: Ethereum ETF: Expected to Launch in July, Galaxy Predicts More Cryptocurrency ETFs
In a subsequent post, Geraci stated that the “timing of the filing” is the basis for their predictions. “Most issuers still have to file amendments on Monday.” With VanEck’s recent application, this has already happened, and more amendments are expected this week.
Geraci further solidified his prediction. He told his followers that the launch depends on how quickly the U.S. Securities and Exchange Commission reverses the application. Additionally, Geraci reiterated his assumption that “issuers are preparing for issuance in the next one to two weeks.”
