In what could be a pivotal development, anticipation is building as experts speculate on the imminent approval of Ethereum spot ETFs. For example, Nate Geracipresident of ETF Store, sparked debate about X by suggesting approval could come next week.
In what could be a pivotal development, anticipation is building as experts speculate on the imminent approval of Ethereum spot ETFs. For example, Nate GeraciETF Store president, sparked debate about X by suggesting approval could come next week.
Geraci’s prediction aligns with the sentiments of industry experts like Bloomberg’s Eric Balchunas, who foresees an ETF debuting as soon as July 2, strategically timed to coincide with the US Independence Day holiday. .
Alex Dovbnya
Additionally, former SEC official Jay Clayton echoed prevailing sentiment in the industry, reinforcing expectations of imminent approvals.
when, not if
The Ethereum ETF saga is unfolding against a backdrop of growing institutional interest in the cryptocurrency market, particularly BTC and ETH as two major assets.
The SEC is currently reviewing revised proposals from leading asset managers, including VanEck, BlackRock, Grayscale and Invesco Galaxy Digital. These filings, which follow recent updates to its S-1 reports, also revealed one management fee in particular.
Yuri MolchanInterestingly, amid the rumors, Hashdex, a notable player in the ETF space, withdrew its application for an Ethereum spot ETF without disclosing reasons or future plans, but introduced a mixed Ethereum and Bitcoin solution.
For now, all eyes remain on the SEC’s upcoming decisions, which could mark a major milestone in the integration of cryptocurrencies into TradFi markets. With much speculation and anticipation, next week promises to be a potential turning point for Ethereum ETFs.
