Ethereum ETFs are anticipated to launch this month as Bitwise amended its application with a fee waiver for the first $500 million in assets. Bloomberg ETF analysts James Seyffart and Eric Balchunas believe the launch is imminent, despite the lack of an official timeline for approvals from the SEC’s Division of Corporate Finance. Balchunas suggested that additional amendments may be made before the funds can begin trading. The SEC issued exchange approvals in May, allowing exchanges to list and trade the pending spot Ethereum ETFs, with final approvals expected soon.
Galaxy Digital, another applicant with Invesco, also expects the Ethereum ETFs to launch in the coming weeks. The anticipation for the launch has been heightened by the recent amendments to applications and the SEC’s ongoing approval process. Analysts and industry experts remain hopeful for a launch before the end of July, with speculations suggesting it could happen as early as July 15. The SEC has not provided a specific deadline for approving the S-1 registration statements, but analysts are confident that the final approvals are guaranteed.
The approval process for spot Ethereum ETFs has been ongoing since May, when the SEC approved 19b-4 rule changes to allow exchanges to list and trade the ETFs. While the process has been relatively smooth so far, there have been delays and amendments to applications that have pushed back the expected launch date. However, analysts remain optimistic about the launch and expect it to happen within the next few weeks. The anticipation for the launch reflects the growing interest in Ethereum and the potential for an ETF to make it more accessible to investors.
Overall, the outlook for spot Ethereum ETFs looks positive, with industry experts and analysts predicting a launch by the end of July. The recent amendments to applications and the ongoing approval process by the SEC indicate that the launch is imminent. While there is no official timeline for approvals, the expectations are high for a launch in the coming weeks. As the crypto market continues to evolve, the launch of spot Ethereum ETFs could provide investors with more opportunities to access and invest in Ethereum, further driving the growth and adoption of the digital asset.
