Key Takeaways
- Spot Ethereum ETFs are expected to launch the week of July 15, pending final S-1 approvals.
- The SEC’s amendment due date potentially influences the launch timeline.
Spot Ethereum exchange-traded funds (ETFs) are expected to launch the week of July 15 as ETF issuers are making headway with the security regulator, according to Nate Geraci, president of The ETF Store.
“Potential final S-1s by July 12th…would theoretically mean launch week of July 15th,” Geraci explained.
Bloomberg ETF analyst Eric Balchunas said the US Securities and Exchange Commission (SEC) has set July 8 as the deadline for ETF issuers to amend their S-1 forms. The regulator may request additional amendments.
Geraci’s expectations are in line with Balchunas’ estimated timeline. Balchunas suggests that trading of spot Ethereum funds could commence shortly after July 8.Meanwhile, Steve Kurz, head of asset management at Galaxy Digital, indicated potential SEC approval of a spot Ethereum ETF before the end of July. In a recent interview with Bloomberg, Kurz said he expected approvals in “weeks, not days” and “within July.”Galaxy Digital, in collaboration with Invesco, submitted an application for a spot Ethereum ETF in October last year. Their 19-b4 form was approved by the SEC on May 23.Kurz said Galaxy has been working with the SEC on the firm’s applications for the past few months. He noted that Galaxy’s forthcoming Ethereum ETF mirrors the structure of its existing spot Bitcoin.
