Spot Ethereum ETFs Could Launch In A Week Or Two, Says ETF Analyst Nate Geraci: 'How Quickly Will SEC Turn These Around?'
Portfolio Pulse from Aniket Verma
Nate Geraci, president of The ETF Institute, predicts that Ethereum-based spot ETFs could launch within the next two weeks, contingent on SEC approval of modified S-1 filings. The SEC had previously approved 19b-4 forms for Ether ETFs in May. The launch could significantly impact the cryptocurrency market, with Gemini estimating up to $5 billion in net inflows within the first six months.
July 08, 2024 | 3:52 am
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Ethereum-based spot ETFs could launch within the next two weeks, pending SEC approval. This could lead to significant market inflows, estimated at up to $5 billion within the first six months.
The launch of Ethereum-based spot ETFs would be a significant milestone, potentially driving substantial inflows into Ethereum. This could positively impact Ethereum's price in the short term.
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