ETFs
Nate Geraci Hints Ethereum ETF Will Launch Anytime As SEC Nears Final Approval
Mark your calendars, crypto enthusiasts!
A recent tweet from Nate Geraci, president of ETF Store, ignited a spark of excitement in the financial world. Geraci hinted at imminent amendments spot Ethereum ETF deposits, suggesting a potential launch before July 4. Could this finally be the green light investors have been waiting for?
SEC Final Review Phase
Nate Geraci’s tweet highlights that several changes aimed at spotting Ethereum ETF S-1 deposits are expected on Thursday and Friday. This burst of activity suggests that ETF issuers are making last-minute preparations for the final steps needed for SEC approval.
The rise in changes follows Bitwise’s recent filing, which Geraci says appears to have satisfactorily addressed all regulatory concerns. This development suggests that significant hurdles have been overcome, which could potentially minimize further delays.
An important milestone for the crypto market!
The expected approval of spot Ethereum ETFs represents a historic achievement for the cryptocurrency industry. A launch before July 4 would mean a seismic shift, making Ethereum more accessible to retail and institutional investors.
This could lead to increased liquidity and greater acceptance of Ethereum as a primary investment asset.
Ethereum Recovery
Interest in Ethereum spot ETFs has increased since Consensys disclosed the SEC’s findings on its Ethereum investigation. This news sparked a broader recovery in the crypto market, with ETH Prices bouncing above $3,500.
According to the latest figures, The price of Ethereum increased by 1.7% in the last 24 hours, settling at $3,586. However, trading volume decreased by 28%, indicating a temporary decline in trader interest.
Read also: Crypto Market Rise: Bitcoin Rebounds Amid Whale Accumulation, Regulatory Updates
The crypto market is abuzz with this news. Share your predictions for the future of Ethereum!