ETF Expert Predicts 2 Weeks Listing For Spot Ethereum ETF

President of ETFStore Nate Geraci does not see any reason why spot Ethereum ETF will not start trading in the next two weeks.

July 15 For Spot Ethereum ETF Trading?

Geraci believes that the United States Securities and Exchange Commission (SEC) will conduct all due processes for its approval of 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

This is with the optimistic view that the offering will go live in the next week. In his X post, Geraci stated that he expects the trading to begin by July 15 or around that time. It is worth noting that the ETF expert had earlier shared this same timeline for the spot Ethereum ETF trading approval.

Two weeks ago, the U.S. SEC returned the S-1 filings that it received from the potential spot Ethereum ETF issuers including BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco.

The document returned by the regulator contained light comments in the feedback to filers. According to people familiar with the matter, the spot Ethereum ETF issuers are expected to submit the S-1 forms with the amendments by July 8. Geraci noted that the last round of S-1 revisions was quite “light” and the regulator will likely clear issuers for trading within the next 14-21 days.

Precisely, he stated that with the revised S-1 submission for Ethereum ETFs to happen in July, the final S-1 approval from the SEC could arrive around July 12. Therefore, July 15 would be the most probable day to begin trading Ether ETFs, Geraci added.

SEC Receives More Crypto ETFs Applications

Generally, it is clear that the securities regulator is having some constructive dialogue and communication with the spot Ethereum ETF filers and this may be a good sign. The optimism has even attracted other firms to also submit their filing.

YieldMax, a popular ETF issuer, recently submitted a filing with the US SEC to introduce an Ether Option Income Strategy ETF. The plan is to list the ETF on the New York Stock Exchange (NYSE) Arca, as detailed in a June 21, 2024 filing. This kind of offering is designed to leverage the volatility of underlying Spot Ethereum ETFs for generating profits for investors.

Similarly, investment asset management firm Hashdex also filed to list a combined Bitcoin and Ethereum ETF. The SEC acknowledged the offering and published a notice to solicit comments from the public on the proposed rule change. The firm may have to wait until the regulator makes a decision on spot Ethereum ETF before its filing is considered.

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