The wait for a spot Ethereum (ETH) ETF continues, but a new potential approval date has emerged. According to ETF Store president Nate Geraci, the long-awaited regulatory green light could come by July 15th. This follows revised S-1 filings expected in July, with final SEC approval potentially granted by July 12th.
However, there’s a reason for the ongoing delay. The SEC requested minor revisions to S-1 filings back in May, causing a setback for issuers. Sources suggest these issues are being addressed, and with the SEC’s prior approval of 19b-4 filings in May, a positive outcome may be near.
Industry veterans are drawing parallels between the current situation and the Bitcoin (BTC) ETF approval process. The journey for a BTC ETF began in 2013, and it wasn’t until January 2024 that the SEC finally approved 11 Bitcoin ETFs after years of applications and scrutiny. While some argue the BTC ETF path was smoother, the complexities surrounding Ethereum’s unique features may be causing the current hold up.
Despite the anticipation, the potential July 15th approval date hasn’t necessarily translated to price surges for Ethereum. At the time of writing, ETH is trading around $3,351, reflecting a slight decrease in the last day.
Also Read: Bitcoin ETF Honeymoon Over? Funds See $20 Million Outflow as Investors Eye Ethereum ETFs Launch
Will ETH ETFs replicate the BTC ETF hype?
Experts like Matt Hougan, CIO at Bitwise, believe ETH ETFs won’t mirror the immense popularity of Bitcoin ETFs, but they still predict inflows measured in billions of dollars. Additionally, the price of Ethereum seems to be reacting cautiously to the potential approval date.
Key Takeaways:
- A potential July 15th approval date for spot Ethereum ETFs has emerged.
- The SEC requested minor revisions to S-1 filings, causing a delay.
- Industry figures are drawing comparisons to the Bitcoin ETF approval process.
- Despite the anticipation, Ethereum’s price hasn’t shown a significant positive reaction.
- Experts believe ETH ETFs will attract significant investment, but likely not on the same scale as Bitcoin ETFs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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