Here’s When Ethereum ETFs Are Going to Launch

According to industry sources that were cited in a recent Bloomberg report, multiple applicants are supposed to submit their amended S-1 forms before July 8.

As noted by Nate Geraci, president of The ETF Store, this would mean that the final approval of S-1 forms is expected to take place by July 12. This would"theoretically" mean the launch week of July 15, according to Geraci. XRP's Battle for $0.5 Begins, Here's Why Solana Can't Reach $150, Ethereum on Verge of This LevelThe U.S. Securities and Exchange Commission sent shockwaves across the cryptocurrency industry after it unexpectedly greenlit rule rules changes in May.

In late June, SEC boss Gary Gensler stated that the approval of Ethereum ETFs was going"smoothly" after previously claiming that these hotly anticipated products would be able to start trading this summer. According to a recent report by K33 Research, the Ethereum price might fall right after the launch of several spot ETFs in the U.S. However, K33 Research still expects that inflows into spot ETFs will be a boon for the price of the leading altcoin.

Last week, Steno Research predicted that these products could possibly attract up to $20 billion worth of inflows within the first year of their trading. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

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