Cobo Divine Fish: Ethereum spot ETF will be listed for trading as soon as mid-June! Institutional entry in early 2025

This site (120BtC.coM): Yesterday (24th) the cryptocurrency market once again received heavy news. The U.S. Securities and Exchange Commission (SEC) finally announced at about 5 o'clock yesterday morning that The official approval of the 19b-4 documents (exchange rule changes) submitted by eight Ethereum spot ETF issuers brings us one step closer to the listing of the first Ethereum spot ETF.

However, it is worth noting that after the 19b-4 document is passed, the issuer still needs to wait for the SEC to approve its S-1 registration statement document before it can officially start listing and trading, and the SEC has only officially started it in the past few days. Have discussions with the issuer regarding its S-1 filing. It's unclear how long the process will take, but some analysts speculate it could take weeks.

神鱼 Predicts Ethereum Spot ETF Timeline

In this context, Discus Fish, the founder of Bitcoin mining pool F2Pool and digital asset custody solution provider Cobo, yesterday Posted a prediction on social platform 23: ETH 19b-4 passed unexpectedly, and market makers began to purchase ETH spot to prepare for providing liquidity

• Early June: The S1 file may be passed, refer to the BTCETF time, the fastest It takes two weeks, but normal rhythm may take 3 months

• ##Mid-June: After S1 is passed, trading may start immediately, or within a few days

• June-December: In the initial stage of listing, the main inflow of funds may still be from retail investors, accounting for 80% to 90% of the total funds, with less participation from institutional users. Considering that ETHE is similar to GBTC, the market may face some arbitrage selling pressure, but whether it can withstand this selling pressure remains to be seen

• 12 months later: Institutional investment over time Investors began to gradually enter the market.

• Bloomberg analyst: It is definitely possible in mid-June
  Shenyu’s view is similar to that of Bloomberg analyst James Seyffar. Seyffar also issued an article yesterday saying: It is necessary What is clear is that the SEC’s approval of the 19b-4 filing does not mean that trading can begin tomorrow. They still need to review the S-1 filing, which takes time. We expect it will take a few weeks, maybe longer.

However, Eric Balchunas, who is also a Bloomberg analyst, is more convinced that there will be results in mid-June: I guess that the S-1 review will only be conducted in one round. During the review of the Bitcoin spot ETF, The review round took two weeks, so June of this year is definitely a possibility.

Standard Chartered Bank: Ethereum may break through $8,000 by the end of the year

In addition to making predictions about the official launch time of the Ethereum spot ETF, analysts have also made bold predictions about the price of ETH. estimate. For example, Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, predicted on the 21st of this week the capital flow that the Ethereum ETF will bring after its approval: We estimate that the Ethereum spot ETF will be within the first 12 months after approval. Bringing inflows of 2.39 million to 9.15 million ETH… In U.S. dollars, this equates to approximately $15 billion to $45 billion.

Kendrick also predicts that the price ratio of Ethereum to Bitcoin will remain at 5.4% by 2024. If BTC reaches $150,000 by the end of the year, the price of Ethereum may reach $8,000.

“Given that we now predict that Bitcoin will reach the $150,000 level by the end of 2024, this would mean that the price of Ethereum will reach $8,000.”

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