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Sujit Kumar
Jul 3, 2024
by Sujit Kumar

Spot Ethereum ETFs Expected to Launch Mid-July, Industry Experts Say

spot eth etf

Table of contents

  1. SEC Approval and Market Impact
  2. Market Predictions and Potential Inflows
  3. Future Market Impact
Multiple industry analysts anticipate the launch of Bitcoin and Ethereum exchange-traded funds (ETFs) in mid-July. According to a recent Bloomberg report, applicants are expected to submit amended S-1 forms by July 8. Nate Geraci, president of The ETF Store, suggests that if these forms are approved by July 12, the ETFs could potentially launch by the week of July 15.

SEC Approval and Market Impact

The U.S. Securities and Exchange Commission (SEC) recently greenlit rule changes in May, causing a brief rally in Ethereum's price. Although the rally was short-lived, the approval of 19b-4 forms marked a significant step. SEC Chair Gary Gensler later mentioned that the approval process for Ethereum ETFs was progressing smoothly, hinting at a possible summer launch.

Market Predictions and Potential Inflows

Despite the anticipation, some analysts caution that Ethereum’s price might initially drop following the launch of spot ETFs in the U.S. K33 Research suggests that while there could be a short-term dip, the long-term impact of spot ETF inflows would be positive. They estimate that these inflows could account for up to 1% of Ethereum’s total circulating supply.

Future Market Impact

Steno Research predicts that these Ethereum ETFs could attract up to $20 billion worth of inflows within their first year of trading. Such significant investment would likely boost the price of Ethereum, reinforcing its position as a leading altcoin.

With the final approval dates approaching, the crypto community eagerly awaits the potential launch of these spot ETFs, anticipating their influence on market dynamics and Ethereum’s future performance.

 

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Ethereum ETFs Mid-July
Spot Ethereum ETFs Expected to Launch Mid-July, Industry Experts Say
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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