With approval from the US Securities and Exchange Commission (SEC). Discover Ethereum ETFs in the United States, all eyes are on when they go live. Now, several experts have shared their predictions on when the highly anticipated investment offering could launch.
The crypto-based ETF follows suit Bitcoin as the second asset to gain approval in the country. However, the ETH version of the product has yet to be launched and the market is waiting for that moment. Then, a few prominent crypto voices offered their best guesses about that impending moment and presented a timeline.
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Experts predict when Spot Ethereum ETF will go live
In recent months, all eyes have been on the application process for Ethereum ETFs. The market had been waiting for a decision, with the SEC surprisingly changing its position and greenlighting the offering this month. However, it hasn't officially gone live yet as the industry mulls over a possible timetable.
Now, several industry experts have discussed the Spot Ethereum ETFs and when a launch could officially happen. Specifically, Nate Geraci of the ETF Prime podcast discussed a timetable for the product's official arrival. In a post to X (formerly Twitter)said Geraci that “no one knows for sure, but my expectation would be [the] coming weeks.”
Geraci stated that the launch of the Ethereum ETF would take place in “2-3 months maximum.” Furthermore, he stated that the “heavy lifting” had already been done after Spot BTC ETFs debuted this year. Ultimately, he noted that a delay in trading would depend on “how long the SEC wants to delay this.”
Also read: Ethereum is effectively considered a commodity: Coinbase Exec
Other way around, Bloomberg's Erich Balchunas also discussed a trade timeline in response to Geraci. Specifically, Balchunas noted, “July 4th feels like a good over/under.” Overall, it shows that the industry expects the launch to happen within the next two weeks.
However, before the product officially goes live, S-1 approvals are required. This part of the process appears to be delaying the launch of the ETFs because it is critical to the registration of securities with the SEC. While the next few weeks appear to be an appropriate timeline, the trial still faces some uncertainties surrounding its eventual launch.