Deribit: The launch of Ethereum spot ETF is expected to come early! Good time to buy call

This site (120bTC.com): The U.S. Securities and Exchange Commission (SEC) approved the 19b-4 trading rule change documents for 8 Ethereum spot ETFs on May 24. The listing of Ethereum spot ETF has taken an important step, and the market is paying close attention to when the SEC will approve the S-1 registration statement document and officially list it.

When SEC Chairman Gary Gensler attended a Senate Banking Committee hearing on the 13th, he disclosed the timing of the final approval for the first time. He said that the SEC is expected to approve Ethereum spot "sometime this summer." S-1 registration application for ETF.

Gary Gensler said: I think eight or nine of the Ethereum spot ETF applications submitted by the stock exchanges before the SEC have been jointly approved, and individual issuers are still completing the registration process smoothly. I expect approval sometime this summer.

Previously, Gary Gensler said on the 6th that the formal approval of the Ethereum spot ETF depends on the speed of the issuer’s response to SEC comments, implying that the SEC will not delay S- as some people feared. 1 document approval process, but he refused to say at the time whether he thought it would take weeks or months to go public.

Bloomberg analysts are optimistic about the July 2 listing

As Gary Gensler made the above remarks, Bloomberg ETF analyst Eric Balchunas announced yesterday that he decided to advance the launch date of the Ethereum spot ETF. By July 2, he revealed that he had heard that the SEC had provided comments on S-1 filings to issuers, that the comments were brief and without major issues, and that he requested a response within a week: there was a good chance that they would be formally approved next week. ETF, and get this resolved before the holiday weekend. Anything is possible, but this is our best guess right now.

In this regard, Deribit pointed out that the favorable news that the S1 document is expected to be approved has advanced the launch schedule of the Ethereum spot ETF and brought greater certainty, allowing ETH to rebound quickly from $3,360. , traders who responded quickly have purchased call options of $3500-3700 that expired on June 21. It is now an excellent opportunity to buy ETH call options: the spot price is at a low level, there are many short positions, and the bullish tilt has been suppressed. Implied volatility is lower than realized volatility….we will see next week if this continues.

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