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The SEC is poised to approve spot Ethereum ETFs by July 12, with trading set to begin on July 15. Analysts anticipate Ethereum will outperform Bitcoin after the launch.
Ethereum ETFs Launching Soon
The president of The ETF Store, Nate Geraci, has projected that Ethereum ETFs will be live by July 15.
According to Geraci, the final S-1 approval from the SEC could be received around July 12, given that the amended S-1 application for Ethereum ETFs is scheduled for July. A likely start date for trading Ether ETFs would thus be Monday, July 15.
Coingape reports that in order to resolve a few minor concerns, the US SEC sent back the S-1 filings to the issuers last Friday. The issuers have reportedly been hard at work on it, according to sources familiar with the situation.
We are all aware that the 19b-4 papers pertaining to the Ether ETFs' listing on exchanges were approved by the SEC in May. Nevertheless, the SEC must accept the S-1 files before they can be made available for trading.
Steve Kurz Predicts Imminent Approval for Ethereum ETF
According to Steve Kurz, Galaxy Digital's head of asset management, the clearance for the Ether ETF is likely within the next few weeks. While appearing on Bloomberg TV on July 2, Kurtz stated:
"This is window-dressing, the SEC is engaged. We've been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process."
ETH to Outperform BTC
According to a forecast issued on Tuesday by K33 Research, Ethereum is expected to outperform Bitcoin following the approval of the ETF.
According to K33, in the first five months after the launch of Ether ETFs, 0.75% to 1% of all ETH in circulation would be used. These projections are in accordance with those of Gemini, which anticipated $5 billion in inflows over the initial six months of introduction. An analyst from K33 named Vetle Lunde stated:
"ETFs are a solid catalyst for relative ETH strength as the summer progresses and flows accumulate, and I firmly view current ETH/BTC prices as a bargain for the patient trader."
Starting at 0.056 following the debut of the Bitcoin ETFs, the ETH/BTC ratio dropped rapidly, hitting 0.046 by May 24. Nevertheless, the ratio rebounded to 0.055 following the unexpected announcement that the SEC would shortly authorize Ethereum ETFs.
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