Nate Geraci, president of The ETF Store, predicts that spot Ethereum ETFs will start trading on July 15. The SEC is expected to approve final S-1 submissions by July 12, following the revised S-1 filings on July 8.
This marks a significant milestone as the SEC previously approved 19b-4 filings to list Ether ETFs on exchanges. Approval of these ETFs could drive the crypto market higher, with Ethereum potentially outperforming Bitcoin.
K33 Research estimates that the launch of Ether ETFs will absorb 0.75% to 1% of all ETH in circulation within the first five months. This could lead to $5 billion inflows, according to Gemini. The ETH/BTC ratio has also rebounded, indicating positive market sentiment.
The approval of Ethereum ETFs is seen as a catalyst for ETH strength, offering strategic long-term benefits for the cryptocurrency market.
