A momentous week ahead for ETH as markets anticipate the approval of Ethereum ETFs

A big week is looming for Ethereum as experts predict the imminent approval of spot Ethereum ETFs (exchange-traded funds) in the US in what will be another major milestone for the cryptocurrency industry.

ETF Shop President Nate Geraci said Share X On June 24, ETH ETFs can be approved and traded within the next two weeks, while earlier Bloomberg ETF Analyst Eric Balchunas He said release It could be as early as July 2

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Experts expect imminent approvals for Ethereum ETFs

In another previous X post, Geraci set the approval date for Ethereum ETFs Before July 4th. This expected date is based on the fact that he did not see anything “noteworthy that the SEC is left to address/comment on” in the recent ETH ETF filing made by Bitwise.

There will be a wave of spot adjustments to the ETF S-1 tomorrow and Friday…

IMO, based on yesterday’s Bitwise filing, it doesn’t look like there’s anything noteworthy left for the SEC to address/comment on.

I’m still going to launch before the 4th of July.

– Nate Geraci (@NateGeraci) June 20, 2024

So far, orders have been placed by VanEck, Grayscale, BlackRock and Invesco Galaxy. Asset managers recently made updates to their S-1 reports, and are now awaiting a decision from the U.S. Securities and Exchange Commission (SEC).

Hashdex proposes to create a combined BTC and ETH ETF

As several issuers prepare for the potential approval and subsequent launch of ETH ETFs, Hashdex recently withdrew its application for its ETH ETF without disclosing the reason for the decision.

However, he continued to file for Combine Bitcoin and Ethereum ETF With the Securities and Exchange Commission on June 18.

This proposed fund will be listed on the Nasdaq exchange and the fund’s cryptocurrency assets will be weighted based on their respective market capitalization, Hashdex said in the filing.

The asset manager’s passive investment strategy will then track market movements on a daily basis on the Nasdaq Crypto US Settlement Price Index. It will not attempt to beat the benchmark, according to the filing.

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