Ethereum

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According to Bloomberg ETF analyst Eric Balchunas, the launch of spot Ethereum ETFs is highly anticipated to take place on July 2nd.
“We are moving up our over/under date for the launch of spot Ether ETF to July 2nd,” Balchunas wrote in a June 15&nbsp;post&nbsp;on X, noting that the United States Securities and Exchange Commission’s (SEC) staff comments on the spot Ether&nbsp;ETF applicants S-1 applications were “pretty light, nothing major,” and asked for them back within the week.
This development suggests a strong likelihood that the SEC will declare the ETFs effective the following week, enabling them to commence trading before the holiday weekend.
So far, the SEC has approved 19b-4 forms for eight sport Ethereum ETFs issuers, including major names like BlackRock, Fidelity, and VanEck. However, formal approval of the S1 forms from the SEC is necessary for the ETFs to officially start trading.
SEC Chair Gary Gensler recently indicated the potential approval of an Ethereum ETF S1 filing during the summer, as mentioned in his testimony at a Senate Appropriations Committee hearing. Individual issuers still are working through the registration process that’s working smoothly, and I would envision sometime over the course of this summe,” Gensler stated.
Asset manager VanEck has projected ETH price to potentially reach $22,000 by 2030, based on expected generation of $66 billion in free cash flows. The anticipated launch of spot Ethereum ETFs is expected to attract significant institutional capital, with estimates from Standard Chartered’s Geoff Kendrick suggesting inflows ranging from $15 to $45 billion within the first year.
Singapore-based crypto trading firm QCP Capital has predicted that approval of spot Ethereum ETFs could trigger a 60% increase in ETH prices, similar to the market reaction seen following the approval of spot Bitcoin ETFs in January.
The post <a href="https://www.unlock-bc.com/124637/ethereum-spot-etfs-expected-to-start-trading-on-july-2nd-bloomberg-analyst/" rel="noopener noreferrer nofollow">Ethereum spot ETFs expected to start trading on July 2nd: Bloomberg Analyst</a> appeared first on <a href="https://www.unlock-bc.com" rel="noopener noreferrer nofollow">UNLOCK Blockchain</a>.

Ethereum spot ETFs expected to start trading on July 2nd: Bloomberg Analyst

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