Reuters: Ethereum spot ETF approval enters final stage! Available as soon as 7/4

Ethereum spot ETF approval progress appears to have entered the final stage. Today (27th), Reuters quoted insider information from industry executives and relevant participants as saying that the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum spot ETF as soon as July 4.

After the SEC approved the 19b-4 exchange rule change documents for 8 Ethereum spot ETFs in May, on June 22, all applicants submitted the updated version of the S-1 registration application documents. Once the SEC approves the final Based on the S-1 filing, the Ethereum spot ETF can be listed for trading within 24 hours at the earliest.

Two anonymous company executives revealed that the process of modifying the S-1 document has progressed to the point where only "minor" issues remain to be resolved. A lawyer working with one of the publishers also said that the approval process is now "in the final stages" and that approval "probably won't take more than a week or two."

Bloomberg analysts estimate it will be launched as early as 7/2

Although the SEC declined to comment on this, SEC Chairman Gary Gensler revealed in an interview yesterday that "the progress is going smoothly". Bloomberg ETF analyst Eric Balchunas, who has accurately predicted the issuance time of Bitcoin futures/spot ETFs, also optimistically predicted in mid-month that the SEC is likely to formally approve these ETFs next week, and will advance their predicted listing date of Ethereum spot ETFs to "July." 2 days".

Analyst: The listing of Ethereum spot ETF will not be "too popular"

Current signs show that there is only the last step left before the listing of Ethereum spot ETF. However, many ETF and cryptocurrency analysts believe that Ethereum The capital inflow after the launch of the Bitcoin Spot ETF was much inferior to the Bitcoin Spot ETF listed at the beginning of the year.

James Butterfill, director of research at Coinshares, commented, "Ethereum's market capitalization and trading volume are different from Bitcoin's volume level." Morningstar's ETF analyst Bryan Armor pointed out: Given the market size and nature of the two cryptocurrencies, there are The difference is, when the Ethereum ETF launches, inflows may be more moderate. Bitcoin has had a decade of pent-up demand, so investor interest in its spot ETFs is high, but (Ethereum spot ETFs) won't generate the same excitement.

Price prediction after the launch of Ethereum spot ETF

However, currently market analysts have

extremeviews on the price of ETH. Last week, Andrew Kang, the co-founder of Mechanism Capital, also expressed a conservative view on the influence of Ethereum ETF. In his opinion, the market flow of Ethereum spot ETF is estimated to be about 15% of that of Bitcoin. He believes that the potential upside of ETH after the launch of spot ETF is limited. He personally predicts that the price will be between US$2,400 and US$3,000.

However, digital asset trading company QCP Capital has the opposite view, saying that the options market is currently showing optimism, saying that if the Ethereum spot ETF can capture 10%~20% of the flow of the Bitcoin spot ETF, it will likely push the price of ETH to exceed 4,000 USD and is near its all-time high of $4,800.

In terms of currency prices, the ETF once stood above US$3,400 early this morning. At the time of writing, it has fallen back to US$3,377 (a 24-hour decrease of 1.1%). Ethereum has fallen by 12% in the past 30 days.

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