Spot Ethereum ETFs Set to Launch on July 15: Will This Trigger an ETH Bull Run?

Heading into July, the primary concern within the crypto community centers around the anticipated launch date of the spot Ethereum ETF for trading. According to Nate Geraci, president of The ETF Store, Ethereum ETFs are expected to become available for trading as early as July 15th.

Geraci stated that with the revised S-1 submission for Ethereum ETFs to happen in July, the final S-1 approval from the SEC could arrive around July 12. Thus, July 15, Monday, would be the most probable day to begin trading Ether ETFs.

Wen spot eth ETF?

BBG sticking w/ mid-July.

Amended S-1s due July 8th.

Potential final S-1s by July 12th.

Would theoretically mean launch week of July 15th.

via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21

— Nate Geraci (@NateGeraci) July 3, 2024

Issuers to Address SEC Query On Spot Ethereum ETF

Last Friday, the US SEC returned the S-1 filings to issuers to address some minor questions. Sources familiar with the matter stated that the issuers have been already working on it. As we know, in May, the SEC approved the 19b-4 filings to list the Ether ETFs on exchanges. However, they can only go live for trading after the SEC approves the S-1 submissions.

Steve Kurz, head of asset management at Galaxy Digital, expected the Ether ETF approval in the next couple of weeks. Speaking to Bloomberg TV on Tuesday, July 2, Kurtz said:

“This is window-dressing, the SEC is engaged. We’ve been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process.”

Now the bigger question in everyone’s mind is will the Ether ETF prove to be a strong catalyst to drive the crypto market higher?

Also Read: Why Are Ethereum Institutional Products Depleting Before ETF Launch?

Ethereum to Outperform Bitcoin

On Tuesday, K33 Research published a report stating that Ethereum would be outperforming Bitcoin post the ETF approval. As per K33, the launch of Ether ETfs would absorb nearly 0.75% to 1% of all ETH in circulation within the initial five months. This expectation is in line with that of Gemini which predicted $5 billion inflows within the first six months of launch. K33 senior analyst Vetle Lunde said:

“ETFs are a solid catalyst for relative ETH strength as the summer progresses and flows accumulate, and I firmly view current ETH/BTC prices as a bargain for the patient trader.”

The ETH/BTC ratio steadily declined from 0.056 after the Bitcoin ETFs launched, reaching 0.046 by May 24. However, unexpected news that the SEC would soon approve Ethereum ETFs boosted the ratio back up to 0.055.

Also Read: ETH/BTC Price Prediction: ETF Hype, FOMO and Ethereum Price Imminent Rally To $5,000