Nate Geraci, the President of ETFStore, has forecasted that spot Ethereum ETFs could commence trading within the next two weeks, potentially as early as July 15.
According to Geraci, the U.S. Securities and Exchange Commission (SEC) is likely to complete its approval process for spot Ethereum ETF trading this week.
Will be *shocked* if spot eth ETFs not trading w/in next 2 weeks…
Later next week a possibility, but think week of July 15th more likely.
Interestingly, price of eth ↓ 20%+ since “surprise” 19b-4 approvals in late May.
— Nate Geraci (@NateGeraci) July 6, 2024
Recently, the SEC returned S-1 filings to prospective issuers, including major firms such as BlackRock, Fidelity, and Grayscale, with minimal comments.
Geraci outlined a potential sequence of events, suggesting that issuers will submit revised S-1 forms by July 8, with final SEC approval possibly…
