According to Nate Geraci, the president of the ETF Store, the Ethereum ETF will most likely be activated by the middle of this month and made available for trading.
Geraci added that the altered version of the S-1 listing about Ethereum ETFs is slated for sometime in July. It is possible for the consent for S-1 to be granted by the SEC to take place by the 12th of July. Therefore, the presumption regarding the activation happening by the 15th of July.
Recently, the SEC gave the S-1 filings back to the suppliers to resolve certain small hiccups. According to reliable sources, the suppliers are very much engaged with the task. In May, the SEC gave its consent for the 19b-4 filings to register the Ether ETFs on all exchanges. Despite all of this, it will only be possible for them to be activated for trade following the SEC’s consent regarding the S-1 listing.
The Head of Asset Management at Galaxy Digital, Steve Kurtz, assumed that the Ether ETFs would receive consent sometime in the forthcoming weeks. He also expressed his apprehensions about their capacity to pilot the crypto space to greater levels.
Recently, K33 Research released a report mentioning that Ethereum is capable of outshining Bitcoin following its grant of ETF consent. In their opinion, the release of Ether ETFs will be responsible for almost 0.75% of ETH doing the rounds in the first five months. This view point is in sync with Gemini, which spoke of $5 billion in the form of inflows six months following its release.
The ratio between ETH and BTC witnessed a downward slide from 0.056, following the introduction of Bitcoin ETFs, to stand at 0.046. They were hiked to 0.055 after sharing information that the consent for Ethereum ETFs will occur shortly.
