Ethereum ETF approval this week? Nate Geraci thinks it’s possible

Gamza Khanzadaev

Approval of the Ethereum ETF is expected next week, according to ETF Store’s Nate Geraci, as major asset managers await SEC decisions.

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In what could be a crucial development, anticipation is growing as experts speculate on the imminent approval of Ethereum spot ETFs. For example, Nate Geracithe president of ETF Store, sparked discussions on X by suggesting approval could come next week.

Geraci’s prediction aligns with the sentiments of industry insiders such as Bloomberg’s Eric Balchunas, who predicts an ETF launch as early as July 2, strategically timed to coincide with US Independence Day.

Additionally, former SEC official Jay Clayton echoed the prevailing industry sentiment, reinforcing expectations of imminent approvals.

When, not if

The Ethereum ETF saga takes place against a backdrop of growing institutional interest in the crypto market, particularly BTC and ETH as two major assets.

Currently, the SEC is reviewing revised proposals from major asset managers, including VanEck, BlackRock, Shades of grey and Invesco Galaxy Digital. These filings, which follow recent updates to their S-1 reports, had also disclosed management fees in particular.

Interestingly, amid the buzz, Hashdex, a notable player in the ETF space, withdrew its application for a spot. Ethereum ETF without disclosing reasons or future plans, but presented a mix of Ethereum and Bitcoin solution.

For now, all eyes are on the SEC’s upcoming decisions, which could mark an important step in the integration of crypto into the TradFi markets. With speculation high and anticipation growing, next week promises to be a potential turning point for Ethereum ETFs.

About the Author

Gamza Khanzadaev

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.

He wants to participate in covering economic and financial technology topics, as well as making more people aware of cryptocurrencies and blockchain.

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