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Here’s When It Could Officially Launch

Simon Osuji by Simon Osuji
May 28, 2024
in Business
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US Lawmakers Urge SEC to Approve Spot Ethereum ETFs
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With the US Securities and Exchange Commission (SEC) approving Spot Ethereum ETFs in the United States, all eyes are on when they will go live. Now, several experts have shared their predictions as to when the highly-anticipated investment offering could launch.

The crypto-based ETF follows Bitcoin as the second asset to be granted approval in the country. However, the ETH iteration of the product has yet to launch, with the market awaiting that moment. Subsequently, a few prominent crypto voices have given their best estimations on that impending moment and presented a timeline.

Also Read: Bitcoin: Michael Saylor Reacts To Ethereum ETF Approval

Experts Predict When Spot Ethereum ETF Will Go Live

Over the past several months, all eyes have been on the application process for Ethereum ETFs. The market had been awaiting a decision, with the SEC surprisingly switching its stance, and greenlighting the offering this month. However, it has not officially gone live, with the industry pondering a potential timetable.

Now, several industry experts have discussed the Spot Ethereum ETFs and when a launch could officially take place. Specifically, Nate Geraci of the ETF Prime podcast discussed a timetable for the product’s official arrival. In a post to X (formerly Twitter), Geraci said that “nobody knows fo sure, but my expectation would be [the] next few weeks.”

Geraci stated that the launch of the Ethereum ETF would take place in “2-3 months max.” Additionally, he stated that the “heavy lifting” was already done after Spot BTC ETFs debuted this year. Ultimately, he noted that a delay in trading depends on “how long SEC wants to string this out.”

July 4th feels like a good over/under

— Eric Balchunas (@EricBalchunas) May 28, 2024

Also Read: Ethereum Is Effectively Deemed A Commodity: Coinbase Exec

Conversely, Bloomberg’s Erich Balchunas has also discussed a trading timeline in response to Geraci. Specifically, Balchunas remarked, “July 4th feels like a good over/under.” Overall, it showcases that the industry is anticipating the launch to take place within the next two weeks.

Still, for the product to officially go live, there is a requirement for S-1 approvals. This part of the process appears to be what is holding up the launch of the ETFs, as it is vital to the registration of securities with the SEC. Although the next several weeks appear to be an appropriate timeline, the process is still facing some uncertainties regarding its eventual launch.

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