The post Top ETF Expert Predicts Spot Ethereum ETF Trading to Begin by July 15 appeared on BitcoinEthereumNews.com.

Spot Ethereum ETF predicted to start trading in two weeks. Industry anticipates S-1 approval after regulator’s last feedback. Nate Geraci anticipates SEC’s final approval around mid-July. Discover the latest insights on the anticipated launch of Spot Ethereum ETFs, regulatory updates, and industry reactions. Spot Ethereum ETF Trading Expected by Mid-July Nate Geraci, President of the ETFStore, projects that the Spot Ethereum ETF will commence trading within the next two weeks, targeting around July 15. The industry awaits the U.S. Securities and Exchange Commission’s (SEC) final approval, which Geraci anticipates will be issued soon. Regulatory Process and Industry Response Two weeks ago, the SEC returned S-1 filings from several prospective issuers, including BlackRock, Fidelity, and Grayscale, with minimal feedback. These firms are expected to resubmit their revised filings by July 8, suggesting a streamlined path towards final approval. Geraci noted that the SEC’s feedback was relatively light, indicating a positive regulatory outlook. Market Expectations and Potential Impact With the SEC expected to finalize its approval by July 12, the trading of Spot Ethereum ETFs could begin as early as July 15. Geraci’s optimistic projection is based on current communication and revisions between the SEC and the ETF issuers. Should this timeline hold, it will mark a significant milestone for Ethereum in the financial markets, potentially attracting more investors and increasing market liquidity. Conclusion If the SEC approves the revised filings, Spot Ethereum ETFs could start trading by mid-July, marking a critical development in the cryptocurrency investment landscape. Investors are keenly watching these regulatory proceedings, anticipating future opportunities and impacts on the broader market. Don’t forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news. Source: https://en.coinotag.com/top-etf-expert-predicts-spot-ethereum-etf-trading-to-begin-by-july-15/

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Filed under: News - @ July 7, 2024 6:14 pm