Spot Ethereum ETFs Could Arrive By Mid-July, Suggests Analyst Nate Geraci: 'Theoretically Means A Launch In The Week Of July 15'
Portfolio Pulse from Aniket Verma
Nate Geraci, president of The ETF Institute, suggests a potential mid-July launch for spot Ethereum ETFs, which could significantly impact the cryptocurrency market. The amended S-1s are due by July 8, with potential final S-1s by July 12, indicating a possible launch in the week of July 15. This could lead to substantial capital inflows and potentially increase Ethereum's value in U.S.-based spot ETFs.
July 03, 2024 | 2:44 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nate Geraci suggests a mid-July launch for spot Ethereum ETFs, with amended S-1s due by July 8 and final S-1s by July 12. This could lead to significant capital inflows and potentially increase Ethereum's value.
The potential launch of spot Ethereum ETFs could attract significant capital inflows, estimated at up to $5 billion within the first six months. This influx of capital could drive up the value of Ethereum, making it a positive development for ETHUSD in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100