Gemini Forecasts Ethereum ETF Launch Within Weeks: What’s Next?


    • Potential launch of Ethereum ETFs could reshape crypto markets with new investor interest and capital inflows.
    • SEC’s recent approvals signal a shift towards embracing digital assets like Ethereum in mainstream finance.
    • Ethereum’s price surge and trading volume highlight growing anticipation and volatility in crypto ETF developments.

    Ethereum enthusiasts and investors are eagerly anticipating the imminent launch of spot exchange-traded funds (ETFs) based on the popular cryptocurrency. Nate Geraci, president of The ETF Institute, has predicted that these ETFs could hit the market within the next two weeks, pending final regulatory approvals from the U.S. Securities and Exchange Commission (SEC).

    Geraci, known for his insights into cryptocurrency ETF developments, indicated that modified S-1 filings were expected to reach the SEC by Monday. The timing of the ETF launches will hinge on how quickly the regulator processes these filings and grants the necessary approvals.

    Earlier in May, the SEC’s approval of 19b-4 forms for Ether ETF applications marked a significant shift in sentiment after weeks of regulatory uncertainty. Following this milestone, ETF applicants were instructed to submit revised S-1 registration statements by July 8, marking the final procedural hurdle before ETF trading can commence on U.S. exchanges.

    Geraci’s latest forecast aligns with his previous estimate of a mid-July launch, reflecting cautious optimism within the industry regarding regulatory timelines and market readiness.

    The introduction of spot Ether ETFs in the U.S. holds profound implications for the cryptocurrency market. It would mark the second digital asset fund to be listed after the widely discussed Bitcoin spot ETFs debuted earlier in the year. Industry experts and stakeholders anticipate substantial investor interest, potentially resulting in significant capital inflows into Ethereum.

    Gemini, a prominent cryptocurrency exchange, projects net inflows of up to $5 billion within the first six months of trading for Ether ETFs. This estimate underscores the market’s confidence in Ethereum’s market appeal and its potential to attract institutional and retail investors alike.

    At the time of writing, the price of Ethereum stands at $3,050.17, showing a 24-hour trading volume of $18,415,990,384. Over the past day, Ethereum has registered a gain of 2.53%, reflecting the ongoing interest and volatility characteristic of cryptocurrency markets.

    The post Gemini Forecasts Ethereum ETF Launch Within Weeks: What’s Next? appeared first on Today NFT News.

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