Ethereum Spot ETF Set to Launch Mid-July: New Dates Revealed
A Bloomberg ETF expert predicted the Ethereum spot ETF could launch around mid-July, with filings expected on July 8 and July 12.
In late May of this year, the United States Securities and Exchange Commission (SEC) approved the proposed Ethereum spot ETF applications. Now, the ETH ETF issuers are awaiting regulatory approval to commence trading on the stock exchanges.
On behalf of various media reports and sources, Nate Geraci, president of The ETF Store, has predicted the launch schedule for the Ethereum spot ETF.
Nate noted that Bloomberg’s forecast is mid-July. The revised S-1 filing is expected on July 8, and the final S-1 may be submitted on July 12. This suggests the launch could happen during the week of July 15.
Ethereum (ETH) price action
The current trade price of Ethereum coin is $3,405 & this trade price is 10.5% down over the last 30 days period.
Some crypto experts believe the trade price of ETH coin start to show big rallies after 2-3 days, as the final date for the trading approval for ETH spot ETF applications is nearing.
A month ago, K33 Research predicted that Ethereum-based ETFs could attract $4 billion in inflows within the first five months after approval. This forecast was based on global ETH ETF comparisons and futures contracts on the CME.
Bitcoin price
The current trade price of Bitcoin is $61,579 & this price is 9.57% down over the last 30 days period.
Under the current BTC market scenario, Bloomberg ETF expert Eric Balchunas shared an intetesting thing that was surprised to see for crypto people.
He noted net positive money flows in Bitcoin ETFs for 1 day, 1 week, and 1 month, despite a $10k drop in BTC price. Year-to-date net flow remained steady at +$14.6 billion, a strong sign of resilience during a ‘step back’ phase.
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