Ethereum

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Nate Geraci, the President of ETFStore, has forecasted that spot Ethereum ETFs could commence trading within the next two weeks, potentially as early as July 15.&nbsp; 
According to Geraci, the U.S. Securities and Exchange Commission (SEC) is likely to complete its approval process for spot Ethereum ETF trading this week. 
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 Will be *shocked* if spot eth ETFs not trading w/in next 2 weeks… Later next week a possibility, but think week of July 15th more likely. Interestingly, price of eth ↓ 20%+ since "surprise" 19b-4 approvals in late May.— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1809718453529637194?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 6, 2024</a>
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Recently, the SEC returned S-1 filings to prospective issuers, including major firms such as BlackRock, Fidelity, and Grayscale, with minimal comments. 
Geraci outlined a potential sequence of events, suggesting that issuers will submit revised S-1 forms by July 8, with final SEC approval possibly occurring around July 12. This expedited timeline reflects what appears to be constructive dialogue between the regulator and ETF providers. 
The increasing momentum surrounding Ethereum ETFs has prompted additional market activity. YieldMax, a known ETF issuer, has filed for an Ether Option Income Strategy ETF, while Hashdex is pursuing approval for a <a href="https://www.cryptotimes.io/2024/06/19/hashdex-seeks-approval-for-combined-bitcoin-and-ethereum-etf/" target="_blank" rel="noreferrer noopener">combined Bitcoin and Ethereum ETF</a>. 
The SEC’s decision in the coming days is expected to have significant implications for crypto investment. Approval of spot Ethereum ETFs could potentially facilitate broader mainstream adoption of Ethereum-based financial products. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/07/bitcoin-etfs-see-143-1m-inflow-as-bitcoin-price-dips/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs See $143.1M Inflow as Bitcoin Price Dips</a> 
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Spot Ethereum ETF Could Start Trading by July 15th – ETFStore President

The Crypto Times

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