The launching of spot Ethereum ETFs has been a hot topic in the financial market, with various experts providing their predictions. Bloomberg ETF analyst James Seyffart shared his prediction on social media, indicating a potential launch around July 15. However, he admitted to having low confidence in this prediction due to the unpredictable nature of the application approval process.
Seyffart pointed out Bitwise’s recent amendment to its spot Ethereum ETF application, which included a six-month fee waiver for the first $500 million in assets. Despite these changes being minor, he expressed confusion as to why the ETFs are not yet ready for launch. His colleague, Eric Balchunas, echoed similar sentiments, stating that there have been delays in the approval process despite minimal amendments.
The SEC’s Division of Corporate Finance is taking its time in approving each fund, causing uncertainties in the timeline for the ETFs’ launch. Balchunas emphasized that while the recent comments from the SEC indicated no major issues, there is still a pending deadline for applicants to meet. The approval of 19b-4 rule changes by the SEC has paved the way for exchanges to list and trade the pending ETFs, but the final S-1 registration statements must still be approved.
Looking ahead, ETF Store president Nate Geraci anticipates one more round of amendments from applicants to add fees before the funds can start trading. Despite the delays and uncertainties in the approval process, many applicants remain optimistic about a near-future launch for the Ethereum ETFs. Galaxy Digital, in collaboration with Invesco, is among the applicants expecting the funds to be launched in a matter of weeks.
The predictions and expectations surrounding the launch of spot Ethereum ETFs are subject to regulatory approval and unforeseen delays. While experts and applicants remain hopeful, the timeline for the ETFs’ launch remains uncertain. The evolving nature of the regulatory landscape adds complexity to the process, making it challenging to pinpoint an exact date for the launch of these highly anticipated funds.
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