Ethereum ETFs could arrive in early July

Following the recent announcement by Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), that Ethereum ETFs would finally be approved “sometime this summer,” much speculation has arisen about what the definitive date for its release to the market. 

Given the ambiguity of the date indicated by Gensler, most analyzes point to the month of July. Confidential data obtained by Bloomberg analyst Eric Balchunas indicates that the new financial products will likely be approved during the first week of July.  

The Markets specialist, who has been closely monitoring the issue, shared the information on his X account. In his publication, he set July 2 as the deadline for the launch of the Ethereum ETFs.  

With this probable date, there is a margin of two weeks for final approval. The idea – Balchunas clarifies – is that the ETFs are ready before the 4th of July festivities, when the independence of the United States is celebrated.  

"There's a good chance they'll work on declaring them effective next week to get them off their backs before the holiday weekend. “It is our best guess for now,” says the expert. 

According to his sources, observations have already been sent to the issuers on the S-1 applications delivered. Apparently the comments made are "quite light" and do not imply important changes, so a new delivery with the corrections will be required in a week.  

S-1s are the registration statements that ETF applicants must complete as part of the requirements to be met for approval. There, companies detail their risk profile, the state of their finances and the values ​​they intend to offer with financial instruments.  

Once these administrative details are concluded, final approval would be the last step for the new instruments to enter the market.  


ETFs approved, waiting for trading

It should be remembered that it was last May when the SEC granted regulatory approval to the Ethereum ETFs proposed by the companies VanEck, Ark21Shares, Hashdex, Grayscale, Invesco Galaxy, BlackRock and Fidelity. 

However, at that time the SEC only approved Forms 19b-4. But he did not authorize its launch at that time. For this to happen, the same body must give the green light to the S-1 requests that, according to Balchunas, have already been reviewed. 

After the approval, last January, of the Bitcoin spot ETFs, the launch of the Ethereum ETFs is expected as another of the great events that will mark the future of the cryptocurrency market .  

Analysts from firms such as Grayscale estimate that new ETFs can obtain 30% of the demand that bitcoin ETFs already have. The investment company expects capital inflows of $4 billion during the first 4 months of marketing. 

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