Ethereum
When Will Ethereum ETFs Launch? Experts Just Moved Their July 4 Target – DL News
- Cryptocurrency experts are changing their bets on the launch date of Ethereum ETFs.
- So when will ETFs be able to start trading?
- Here’s what the experts say.
The crypto industry’s hopes of seeing Ethereum exchange-traded funds launch as early as this week are fading.
Industry observers are unsure whether the Securities and Exchange Commission will greenlight the batch of applications this week.
“We’re going to have to push our over/under back until after the holidays,” said Eric Balchunas, an analyst at Bloomberg Intelligence. said on X.
He had previously said he expected the market watchdog to give the green light before July 4.
Balchunas changed his mind after learning that the regulator had asked potential issuers to amend their applications. He now believes the week of July 8 is more likely.
Balchunas said he expected little movement among regulators this week as Independence Day approaches.
This is a minor setback for an industry that had hoped the launch of Ethereum spot ETFs would catapult the stagnant market, much in the same way that Bitcoin spot ETFs did earlier this year.
Ethereum Exchange-Traded Products Will Attract $15 Billion in Net Inflows in First 18 Months on the Market, Bitwise Says Matt Hougan recently declared.
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On the crypto betting site PolymarketOddsmakers estimate the odds of a spot Ethereum ETF starting trading by July 4 at 4%, down from 77% last week.
The SEC has asked potential issuers to respond to certain comments in their applications and to return the applications by July 8, an applicant insider said. The block June 29.
The source told the news site that they expect more rounds of back-and-forth between the candidates and the SEC.
Despite the setback, Ethereum jumped 3% over the weekend and is trading at $3,450.
Eric Johansson is the editor-in-chief of DL News. Do you have any information for us? Send him an email at eric@dlnews.com.