{"id":166504,"date":"2024-05-24T12:00:26","date_gmt":"2024-05-24T12:00:26","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166504"},"modified":"2024-05-24T12:00:29","modified_gmt":"2024-05-24T12:00:29","slug":"after-ethereum-etf-approval-when-will-trading-begin","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/after-ethereum-etf-approval-when-will-trading-begin\/","title":{"rendered":"After Ethereum ETF Approval, When Will Trading Begin?"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul style=\"text-align: justify\">\n<li>Ethereum ETFs approved by the SEC <strong>could begin trading by mid-June<\/strong>, according to Bloomberg analysts.<\/li>\n<li>VanEck and other <strong>applicants<\/strong> <strong>have already submitted their amended S-1 filings<\/strong>, expecting minimal comments to expedite approval.<\/li>\n<li>QCP Capital predicts that the approval of ETH ETFs <strong>could trigger a significant increase in the price of ETH<\/strong>, similar to the impact seen with Bitcoin.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>-based exchange-traded funds (ETFs) recently approved by the SEC could debut on the market by mid-June, according to analysts.<\/strong> These new products represent a further step in the evolution of the crypto market, allowing investors to access ETH without the need to directly acquire the digital asset.<!--more--><\/p>\n<p style=\"text-align: justify\">The approval of the 19b-4 filings has allowed the ETFs to be listed on exchanges. <strong>The next step in the process is the approval of the S-1 registration statements<\/strong>, which is essential for the ETFs to begin trading. James Seyffart, a Bloomberg analyst, predicts that these approvals <strong>could be granted in a few weeks<\/strong>, although he notes that the process <strong>could extend up to five months<\/strong>. On the other hand, Eric Balchunas, also from Bloomberg, is optimistic about a June launch, following a single round of comments on the S-1 amendments, similar to what was observed with Bitcoin ETFs.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Going to add here. Typically this process takes months. Like up to 5 months in some examples but <a href=\"https:\/\/twitter.com\/EricBalchunas?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@EricBalchunas<\/a> and I think this will be at least somewhat accelerated. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> ETFs were at least 90 days. Will know more soon.<\/p>\n<p>&mdash; James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/1793756101881876524?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong>VanEck<\/strong>, one of the approved applicants, has acted quickly, <strong>submitting its amended S-1 immediately after receiving the 19b-4 approval.<\/strong> Other applicants, such as BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Bitwise, and Invesco Galaxy, are expected to follow suit shortly. However, Hashdex did not receive approval in this round.<\/p>\n<p style=\"text-align: justify\">Meanwhile, Gabriel Shapiro, general counsel of Delphi Labs, has warned that <strong>an SEC commissioner could challenge the decision within the next ten days<\/strong>. However, digital asset lawyer Joe Carlasare considers such a challenge unlikely. According to Carlasare, the fact that the approval was managed by the Division of Trading and Markets suggests<strong> there is no significant opposition from the commissioners.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-81583\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/04\/ethereum.jpg\" alt=\"ethereum post\" width=\"825\" height=\"300\" \/><\/p>\n<h2 style=\"text-align: justify\">Ethereum Could Rise Up to 60%, According to QCP Capital<\/h2>\n<p style=\"text-align: justify\">In terms of market impact, <strong>Seyffart estimates that Ethereum ETFs could attract approximately 20% of the flows seen by Bitcoin ETFs<\/strong>. In contrast, <strong>Balchunas<\/strong> offers a more conservative projection <strong>of 10-15%<\/strong>. Since their launch just over four months ago, <strong>Bitcoin ETFs have accumulated around $13.3 billion in net inflows<\/strong>. If ETH ETFs capture even a fraction of that success, significant inflows into the Ethereum market could be expected, estimated at<strong> up to $2.66 billion.<\/strong><\/p>\n<p style=\"text-align: justify\">However, there are <strong>concerns about the potential negative impact on the Grayscale <a href=\"https:\/\/crypto-economy.com\/best-ethereum-wallets\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> Trust<\/strong>. If investors decide to transfer their holdings to the new ETFs, the Trust could experience capital outflows, similar to what happened with Grayscale&#8217;s Bitcoin investment product.<\/p>\n<p style=\"text-align: justify\">Singapore-based investment firm QCP Capital believes that the approval of Ethereum ETFs in the United States <strong>could trigger a substantial rally in the price of <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" target=\"_blank\" rel=\"noopener\">ETH<\/a>, potentially up to 60%.<\/strong> Their optimism is based on the observation that, following the approval of Bitcoin ETFs in January, the price of Bitcoin surged from $42,000 to over $73,000 within two weeks.<\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ethereum ETFs approved by the SEC could begin trading by mid-June, according to Bloomberg analysts. VanEck and other applicants have already submitted their amended S-1 filings, expecting minimal comments to expedite approval. QCP Capital predicts that the approval of ETH ETFs could trigger a significant increase in the price of ETH, similar to the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"After Ethereum ETF Approval, When Will Trading Begin?\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/after-ethereum-etf-approval-when-will-trading-begin\/#more-166504\" aria-label=\"More on After Ethereum ETF Approval, When Will Trading Begin?\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":166506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[4620,4656,4924,4679,4986],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166504"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166504"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166504\/revisions"}],"predecessor-version":[{"id":166507,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166504\/revisions\/166507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166506"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}