Ethereum ETFs Set to Go Live: Will July 15 Ignite an ETH Bull Run?

The highly anticipated spot Ethereum ETFs are expected to begin trading on July 15, pending the approval of the revised S-1 forms. Nate Geraci, president of The ETF Store, suggests that this move could significantly impact Ethereum’s market performance, potentially driving a substantial bull run. Let’s delve into the details of this highly anticipated event.

Expected Launch of Ethereum ETFs

Nate Geraci, president of The ETF Store, has forecasted that spot Ethereum ETFs will be live for trading by July 15. This prediction follows the SEC’s anticipated approval of the final S-1 filings, which could occur around July 12. This approval is a crucial step for these ETFs to commence trading.

Wen spot eth ETF?

BBG sticking w/ mid-July.

Amended S-1s due July 8th.

Potential final S-1s by July 12th.

Would theoretically mean launch week of July 15th.

via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21

— Nate Geraci (@NateGeraci) July 3, 2024

Issuers to Address SEC Queries

The SEC recently returned the S-1 filings to issuers with some minor queries. Sources indicate that issuers have been diligently working on these issues to ensure compliance. Back in May, the SEC had approved the 19b-4 filings necessary for listing Ether ETFs on exchanges. However, trading can only begin once the S-1 submissions receive the green light from the SEC.

Steve Kurz, head of asset management at Galaxy Digital, expressed confidence in a swift approval process. Speaking to Bloomberg TV, Kurz noted, “This is window-dressing, the SEC is engaged. We’ve been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process.”

Potential Market Impact of Ethereum ETFs

Ethereum to Outperform Bitcoin?

A recent report from K33 Research suggests that Ethereum could outperform Bitcoin following the ETF approval. The report predicts that the introduction of Ether ETFs could absorb between 0.75% and 1% of all ETH in circulation within the first five months. This expectation aligns with Gemini’s forecast of $5 billion in inflows within six months of launch.

K33 senior analyst Vetle Lunde stated, “ETFs are a solid catalyst for relative ETH strength as the summer progresses and flows accumulate, and I firmly view current ETH/BTC prices as a bargain for the patient trader.” The ETH/BTC ratio, which had been declining, saw a resurgence following news of the imminent ETF approval.