Spot Ethereum ETFs Could Launch in a Week or Two, ETF Analyst Nate Geraci Says: “How Fast Will the SEC Relaunch Them?”

Nate Geracipresident of the ETF Institutepredicted that Ethereum ETH/USD-based spot exchange-traded funds could launch within the next two weeks.

What happened: Geraci, who actively tracks cryptocurrency ETF developments and shares updates on them via his official handle X, was hopeful that the amended S-1 filings would hit the SEC’s desk by Monday.

He wrote that from there, potential launch dates would depend on how quickly the regulator completes its review and gives the green light.

In a dramatic turn of events, the SEC Forms 19b-4 Approved for Ether ETF Applications In May, after weeks of negative sentiment, the SEC required ETF applicants to submit revised S-1 registration statements, the final step before the funds can begin trading on U.S. exchanges, by July 8.

See also: Crypto Billionaire Justin Sun Offers to Buy Bitcoin Off-Market From German Government to Minimize Price Impact, Lawmaker Criticizes Authorities for Selling

Why is this important: Geraci’s predictions were in line with its previous estimate of a mid-July launch last week.

The potential launch of an Ether spot ETF could have significant implications for the cryptocurrency market, as it would be the second such digital asset fund in the United States after the much-hyped Bitcoin BTC/USD spot ETFs that debuted in January.

Gemini Cryptocurrency Exchange estimates net capital inflows of up to $5 billion in first six months of trading in Ether ETFs.

Photo courtesy of Shutterstock

Price action:As of this writing, Ethereum is trading at $2,873.96, down 5.77% over the past 24 hours, according to Benzinga Pro data.

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