Ethereum ETF Set to Launch Mid-July
The highly anticipated Ethereum ETF is expected to launch by mid-July, potentially transforming the cryptocurrency market and boosting Ethereum's value.
The cryptocurrency world is eagerly awaiting the debut of the first spot Ethereum ETF, which experts predict could start trading by mid-July. This launch is expected to significantly impact the market.
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Nate Geraci, president of The ETF Store, foresees the SEC approving the necessary filings by July 12, allowing the ETF to trade by July 15. Eric Balchunas from Bloomberg supports this timeline, highlighting July 8 as the final day for issuers to amend their forms before the potential launch.
Steve Kurz of Galaxy Digital also predicts a July launch, stating the SEC will likely approve their ETF soon. Kurz mentions that his firm has collaborated with the SEC for months, ensuring their Ethereum ETF is akin to their established Bitcoin ETF. The introduction of an Ethereum ETF is predicted to have a significant effect on the cryptocurrency market. K33 Research anticipates the ETF will absorb 0.75% to 1% of all Ethereum within five months, acting as a strong catalyst for Ethereum's growth.
Gemini expects $5 billion to flow into the ETF in the first six months. K33 Research notes that the ETH/BTC ratio improved with the anticipation of the ETF, rebounding from 0.046 to 0.055.
A successful Ethereum ETF could pave the way for other cryptocurrency ETFs, like Solana and XRP. This could enhance the adoption and liquidity of these digital assets. Analysts believe the Ethereum ETF could spark a new bull run, providing a regulated avenue for investors. This would drive demand and potentially increase Ethereum's price.
The first spot Ethereum ETF is expected to launch by mid-July, marking a significant milestone for the cryptocurrency market. Experts like Nate Geraci and Eric Balchunas predict the SEC's approval soon, with trading likely to begin around July 15. The launch could rejuvenate the market and lead to more cryptocurrency ETFs, promoting broader adoption of digital assets. The crypto community is watching closely as these developments unfold.
