Spot Ethereum ETF Expected to Go Live on July 15: What to Expect for the Crypto Market

Spot Ethereum ETF Expected to Go Live on July 15, Predicts Nate Geraci

As we enter the month of July, all eyes in the crypto community are eagerly awaiting the launch of the spot Ethereum ETF for trading. Nate Geraci, president of The ETF Store, has made a bold prediction that the Ethereum ETFs could go live by July 15.

Geraci explained that with the amended S-1 submissions for Ethereum ETFs expected in July, the final approval from the SEC could come around July 12. This timeline suggests that Monday, July 15, would be the most likely day for the trading of Ether ETFs to commence.

Last Friday, the US SEC sent back the S-1 filings to issuers to address some minor queries. Sources familiar with the matter have indicated that the issuers are already working on addressing these questions. In May, the SEC approved the 19b-4 filings to list Ether ETFs on exchanges, but trading can only begin once the S-1 submissions are approved.

Steve Kurz, head of asset management at Galaxy Digital, expressed confidence in the approval of the Ether ETF in the coming weeks. He emphasized that the SEC is actively engaged in the process and that they have a good understanding of the requirements, having previously worked on the Bitcoin ETF.

The big question now is whether the Ether ETF will serve as a catalyst to drive the crypto market higher. K33 Research recently published a report suggesting that Ethereum could outperform Bitcoin following the ETF approval. The launch of Ether ETFs is expected to absorb a significant portion of ETH in circulation within the initial months, potentially leading to a surge in the price of Ethereum.

Overall, the anticipation surrounding the launch of the spot Ethereum ETF is high, with many in the crypto community hopeful that it will bring positive momentum to the market. Stay tuned for updates as we approach the potential launch date of July 15.