Ethereum Spot ETF S-1 Amendments Expected Monday, Will SEC Approve Them This Time?

As we enter the second week of July, all eyes are on the S-1 submissions for the spot Ethereum ETFsis expected to go live on July 15. In the last week of June, the U.S. SEC sent all S-1 forms back to issuers, asking them to resubmit them with minor changes. ETF Store President Nate Geraci said the changes to the S-1 documents are likely to arrive by Monday, July 8.

Changes to the Ethereum Spot ETF

Geraci said the most important thing to watch is how quickly the U.S. Securities and Exchange Commission (SEC) will address these amendments. The ETF Store chairman said the focus will be primarily on the fees associated with these ETFs. Some market players like Bitwise have already submitted their S-1 amendments last week. Other issuers like BlackRock, 21Shares, Fidelity and Grayscale are expected to submit them by Monday.

He added that issuers are preparing for a potential launch in the next two weeks, subject to SEC approval. Market analysts predict that the Ether ETF Entries

could reach around $15 billion within the next six months of launch.

Read also : Grayscale Reveals Ethereum ETF Listing Could Attract 25% of US Voters to Invest in ETH

President of ETF Store Nate Geraci expressed strong confidence that spot Ethereum ETFs will begin trading within the next two weeks. Note that the price of Ethereum is already down 20% since the approval of the 19b-4 filings.

Ethereum Price Continues to Correct

After falling below $3,000 last week, Ethereum bulls attempted to push the price above $3,100 but only managed to stay there for a brief period. Over the past 24 hours, the Ethereum Price fell another 5.6% to $2,871, as its market capitalization fell below $350 billion.

It will be interesting to see if the approval of spot Ether ETFs triggers an upward move or if the bears continue to dominate.

Read also : Will ETH Outperform BTC As ETF Launches in July?

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