Ethereum (ETH) Spot ETF Expected to Launch Within Two Weeks, ETH Prices Have Dropped over 20% Since Late May

The spot Ethereum ETF is expected to launch within two weeks, potentially during the week of July 15, as ETH prices have fallen over 20% since late May.

The long-awaited spot Ethereum ETF is set to launch within two weeks, potentially during the week of July 15, as ETH prices have fallen over 20% since late May.

In late May, the U.S. Securities and Exchange Commission (SEC) approved the proposed Ethereum spot ETF applications. Now, issuers are awaiting final regulatory approval to begin trading on stock exchanges.

On July 7, 2024, Nate Geraci, the president of The ETF Store, expressed surprise if the spot Ethereum ETF isn’t listed and not started trading within the next two weeks.

He said that the highly anticipated ETH spot ETF applications might debut as early as next week, though a launch during the week of July 15 seems more probable.

“Will be *shocked* if spot eth ETFs not trading w/in next 2 weeks…Later next week a possibility, but think week of July 15th more likely.

Interestingly, price of eth ↓ 20%+ since “surprise” 19b-4 approvals in late May.”

This statement comes as ETH prices have dropped over 20% since the unexpected approval of the 19b-4 form in late May. The market is keenly watching for the ETF’s impact on Ethereum’s trajectory.

The 15 July date is only a part of the prediction by the ETF store president on behalf of multiple factors.

Nate noted that most ETH spot ETF issuers, except Bitwise, still need to submit amendments by Monday. Following this, the “final” S-1 filings must be submitted by Wednesday, as issuers likely aim to avoid a Friday launch. This timeline makes a launch during the week of July 15 most probable.

The ETF approval follows months of anticipation from the crypto community, with several applications being filed and rejected by the SEC in the past.

In March 2023, the SEC postponed its decision on seven spot Ethereum ETF applications, including those filed by VanEck, Cboe BZX Exchange and ProShares.

The regulator was set to decide on the applications by March 14, but ultimately extended the review period by 45 days for further consideration.

The applications in question were filed with the SEC between December 2022 and January 2023, following the U.S. market regulator’s approval of the first Bitcoin futures ETF in October 2021.

The approval of the Bitcoin futures ETF sparked a wave of interest in cryptocurrency ETFs, leading to several filings for spot Ethereum ETFs and other digital asset products.

However, the SEC has been slow to approve these applications, despite growing demand from investors and the industry.

The regulator has cited concerns over market manipulation, liquidity and price volatility as reasons for delaying the approval of spot Ethereum ETFs.

In May 2023, the SEC finally approved the 19b-4 form applications for several spot Ethereum ETFs, clearing the way for these products to be listed on exchanges.

The approval came after months of waiting and anticipation, as the applications were initially filed in 2022.

The first spot Ethereum ETF is expected to launch within two weeks, potentially during the week of July 15.

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