TL;DR
- The approval of Ethereum ETFs before July 4th seems imminent, according to a recent tweet by Nate Geraci, president of ETF Store.
- The SEC is in the final phase of reviewing ETH ETFs, with crucial amendments expected in the coming days, suggesting that regulatory concerns are being resolved.
- The launch of the ETFs would facilitate access to ETH for both retail and institutional investors, increasing liquidity and acceptance as a mainstream investment asset.
The crypto industry is on edge, awaiting the final approval and launch of Ethereum ETFs before July 4th. This anticipation has been fueled by a recent tweet from Nate Geraci, president of ETF Store, who indicated that crucial amendments are being made to the ETF filings, suggesting that issuers are in the final steps to obtain approval from the United States Securities and Exchange Commission (SEC).
The SEC is in the final phase of its review, and amendments to the Ethereum ETF S-1 filings are anticipated in the coming days, specifically on Thursday and Friday. The increase in activity suggests that the last regulatory concerns are being resolved, paving the way for the approval of these new financial products. Additionally, according to Geraci, Bitwise seems to have satisfactorily addressed all the SEC’s concerns, thereby reducing the possibility of further delays.
Will be flurry of spot eth ETF S-1 amendments tomorrow & Friday…
IMO, based on Bitwise filing yesterday, doesn’t look like anything noteworthy left for SEC to address/comment on.
I’m still going w/ launch before July 4th.
— Nate Geraci (@NateGeraci) June 20, 2024
The arrival of Ethereum ETFs has been highly anticipated by the crypto community and investors alike. Their launch, whether on the expected date before July 4th or not, would mark a significant shift, making ETH more accessible to both retail and institutional investors. This could translate into increased liquidity and greater acceptance of ETH as a mainstream investment asset, which would have a profound impact on the crypto market.
Is Ethereum Free from SEC Scrutiny?
On the other hand, interest in ETH ETFs has been bolstered since Consensys revealed that the SEC had concluded its investigation into Ethereum. This news triggered a broad recovery across the crypto market. The price of ETH bounced back above $3,500. According to the latest data, the cryptocurrency remains stable at that level, with only a 0.6% increase in the last 24 hours, settling at $3,510. However, trading volume has decreased by 13%, indicating temporarily lower interest from traders.
As regulatory processes advance, only time will tell if Ethereum ETFs will manage to maintain their stability in the market. For now, investors will have to stay alert in the coming weeks, which could bring significant changes and open new opportunities for the crypto industry.
