Spot Ethereum ETF Could Start Trading in Two Weeks, Says ETF Expert Nate Geraci

Nate Geraci, the President of ETFStore, does not believe there is any reason why the spot Ethereum ETF will not begin trading anywhere within the next two weeks.

Where Can I Find Spot Ethereum ETF Trading on July 15?

Geraci believes that throughout this week, the United States Securities and Exchange Commission (SEC) will carry out all of the necessary procedures to grant its clearance for spot Ethereum ETF trading.

In light of this, we are optimistic that the offering will be available to the public within the next week. Geraci mentioned in his post on X that he anticipates the trading to start around the 15th of July or somewhere around that time. Noting that the ETF expert has previously given this same timescale for the approval of spot Ethereum ETF trading is something that should be considered.

The S-1 filings that the United States Securities and Exchange Commission (SEC) received from possible spot Ethereum ETF issuers such as BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco were returned by the SEC not more than two weeks ago.

The paper that the regulator returned had some small comments here and there in the feedback to filers. Individuals who are aware of the situation have reported that the spot Ethereum ETF issuers are anticipated to submit the S-1 forms together with the modifications by the 8th of July. Geraci pointed out that the most recent batch of S-1 amendments was quite "light," and it is highly likely that the regulator will clear issuers for trading activities within the next 14-21 days.

In particular, he noted that the final S-1 approval from the SEC could arrive around the 12th of July, given that the updated S-1 application for Ethereum exchange-traded funds is scheduled to take place in July. As a result, according to Geraci, the 15th of July would be the most likely day to start trading Ether exchange-traded funds.

More applications for cryptocurrency exchange-traded funds are received by the SEC

It is evident that the securities regulator is engaging in constructive dialogue and contact with the spot Ethereum ETF filers, and this may be a positive indicator. In general, this is clear. Because of the optimism, several companies have initiated to submit their filings.

To launch an Ether Option Income Strategy ETF, YieldMax, a well-known ETF provider, has just submitted a filing with the United States Securities and Exchange Commission. According to the information in a file dated June 21, 2024, the ETF will be listed on the Arca market of the New York Stock Exchange (NYSE). This type of product aims to generate gains for investors by capitalizing on the volatility of the underlying Spot Ethereum ETFs.

Hashdex, an investment asset management company, has also submitted a request to launch an exchange-traded fund (ETF) that will mix Bitcoin and Ethereum. Regarding the proposed rule change, the Securities and Exchange Commission (SEC) acknowledged the offering and published a notice to solicit feedback from the general public. In order for the company's filing to be considered, the regulator may first make a judgment about the spot Ethereum ETF.

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