The crypto community is set to potentially welcome Ethereum spot ETFs, with the financial community closely monitoring the United States Securities and Exchange Commission (SEC) for its impending decision. Key industry figures have recently provided insights and predictions regarding the approval timeline, based on a comprehensive understanding of the SEC’s past actions and current market dynamics.
When to Expect Spot Ethereum ETFs to Launch
Nate Geraci, host of the ETF Prime podcast and a recognized voice in the ETF industry, expressed his expectations for the SEC approval process.
Geraci expressed his views via declaring:
When will the SEC approve spot eth ETF registration statements? No one knows for sure, but I expect it to be within the next few weeks. 2-3 months maximum. IMO the heavy lifting has already been done following the btc spot ETFs and eth futures ETFs. Just a question of how long the SEC wants to extend this.
His comments reflect a broader sentiment in the industry that the groundwork laid by previous cryptocurrency ETF approvals could streamline the process for Ethereum. Adding to the discussion, Eric Balchunas, senior ETF analyst at Bloomberg, Free a specific calendar, suggesting: “July 4th looks like a good top/bottom. »
Geraci responded positively to this schedule, noting: “I like it…I’ll accept it, but the deadline is okay, in my opinion.” This also corresponds to the 19b-4 approval before Memorial Day weekend. This exchange highlights a critical window that industry experts are watching closely.
The regulatory journey for Ethereum ETFs has been complex and fraught with anticipations and delays. 19b-4 filings for eight Spot Ethereum ETFs received surprising approval on May 23, marking a significant step forward.
However, as Bloomberg analyst James Seyffart explains: “We also need S-1 approvals. It could be weeks, if not months, before we see S-1 approvals and therefore a live Eth ETF. Another hurdle in the approval process is Form S-1, the document required to register new securities with the SEC.
Seyffart’s comment highlights the misconception that approval of 19b-4 and S-1 forms can occur simultaneously, as shown by spot Bitcoin ETFs. He explained that the SEC generally imposes a waiting period between approvals and launch of ETF products, which requires detailed two-way communication between the regulator and applicants.
The dialogue between Geraci and Balchunas not only highlights their expectations, but also illustrates the broader context industry optimism. Their discussion suggests that prior approvals of spot Bitcoin ETFs and Ethereum futures ETFs have likely resolved some of the regulatory complexities that could have hindered the timely approval of Ethereum spot ETFs.
At press time, ETH was trading at $3,860.
Featured image created with DALL·E, chart from TradingView.com
