The post Ethereum ETFs to be launched in July? Expert weighs in! appeared on BitcoinEthereumNews.com.

The final approval of ETH ETFs’ S-1s could happen in 2-3 months per analyst.  If so, will Grayscale ETH Trust bleed like GBTC?  After the green light of spot Ethereum [ETH] ETFs’ 19b-4s filings, market observers have been vaguely estimating the timeline for the SEC’s final approval of S-1s (registration statements).  Right now, one policy and market watcher, Nate Geracci of ETF Store, predicts that the S-1s approval could happen in 2-3 months.  ‘When will SEC approve spot eth ETF registration statements? *Nobody* knows for sure, but my expectation would be the next few weeks. 2-3 months max.” Geraci accurately projected that the SEC would approve the 19b-4s (exchange applications) and then slow-play the S-1s when most of the market was expecting an SEC rejection on 23rd May. So, his projection can’t be merely overruled or overlooked.  The analyst added that ‘heavy lifting already done following spot BTC ETFs & eth futures ETFs.’  Bloomberg ETF analyst Eric Balchunas echoed Geraci’s projection and singled out July as a probable date for approval.  “July 4th feels like a good over/under’ Ethereum ETG: Will Grayscale bleed out again? If confirmed, market observers will focus on Grayscale’s Ethereum Trust (ETHE) and whether it will follow GBTC’s trend in outflows after spot Bitcoin [BTC] ETF approval in January.  In January alone, GBTC recorded $6.5 billion in outflows, per a recent Kaiko insights report.  If the trend continues into Grayscale’s ETHE as more frustrated investors redeem their shares, more outflows are likely. Kaiko estimates that the ETHE, with currently $11 billion in AUM (assets under management), could see outflows hit $110 million on a daily average if the trend mirrors GBTC. Part of the report read,  “Should we see a similar magnitude of outflows from ETHE, this would amount to $110 million of average daily outflows…

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Filed under: News - @ May 28, 2024 7:14 pm