Title: ETF Expert Predicts SEC Announcement on Spot Ethereum ETF Decision
As the cryptocurrency market strives to recover from last week’s significant decline, the spotlight remains on the imminent launch of spot Ethereum ETFs. Investors eagerly await the Securities and Exchange Commission’s (SEC) decision, which is expected to be announced on July 15. Renowned ETF analyst Nate Geraci has shared his insights on the matter.
Geraci, the president of The ETF Store, expressed his firm belief that the SEC will finalize all necessary procedures for spot Ethereum ETF trading this week. He confidently stated that it would be surprising if the Ethereum ETF did not commence trading within the next two weeks.
Geraci emphasized that the industry consensus points to a mid-July launch, with issuer companies required to submit their revised S-1 applications by July 8. The final S-1 approval date is anticipated to be around July 12, paving the way for potential trading to commence on July 15.
However, the exact date of the spot Ethereum ETF launch remains uncertain. Geraci highlighted the significance of timing in the filing process, noting that most issuers, except Bitwise, are expected to submit amendments on Monday. Following this, the “final” S-1 application must be submitted by Wednesday to avoid a Friday launch. Consequently, Geraci believes that a more realistic timeline for the launch would be the week of July 15.
Investors should exercise caution and conduct thorough research before making any investment decisions. This information should not be considered as investment advice.
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