- Nate Geraci of ETF Store predicts imminent approval of Ethereum spot ETFs.
- Former SEC official Jay Clayton underscores the inevitability of Ethereum ETF approvals amid growing institutional interest in crypto assets.
- Hashdex withdraws its application for a spot Ethereum ETF.
There is increasing excitement over the potential approval of Ethereum spot ETFs, fueled by comments from Nate Geraci, president of ETF Store, suggesting approval could be imminent, potentially within the next week.
Geraci’s prediction aligns with industry insiders such as Eric Balchunas from Bloomberg, who foresee a debut as early as July 2, strategically coinciding with the U.S. Independence Day holiday. Former SEC official Jay Clayton has further bolstered expectations, emphasizing that the approval of Ethereum ETFs appears to be a matter of “when” rather than “if.” This unfolding saga occurs amidst increasing institutional interest in the crypto market, with a particular focus on major assets like BTC and ETH.
Currently, the SEC is diligently reviewing revised proposals from leading asset managers, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital. These firms have recently updated their S-1 reports, also disclosing specific management fee details.
Adding to the intrigue, Hashdex, a significant player in the ETF arena, has unexpectedly withdrawn its application for a spot Ethereum ETF. While reasons for this withdrawal remain undisclosed, Hashdex has hinted at future plans involving a combined Ethereum and Bitcoin solution.
All eyes are now trained on the SEC’s forthcoming decisions, which have the potential to mark a transformative milestone in integrating crypto assets into traditional financial markets. The approval of Ethereum spot ETFs could significantly impact market dynamics, potentially influencing the price trajectory of ETH and other cryptocurrencies.
Read also:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
