Ethereum

Spot

In the ongoing development of the cryptocurrency industry, Nate Geraci, the president of ETF Store, recently made a statement regarding the Spot Ethereum ETF registration. On May 28, 2024, Geraci remarked that no one can be sure when the US SEC (Securities and Exchange Commission) will approve the Spot Ethereum ETF registration statement.&nbsp; Nate Geraci predicted the Ethereum ETF registration date 
According to his post on X (formerly Twitter), he expects approval could happen within the next few weeks or, at most, in 2 to 3 months, depending on how long the SEC decides to delay. This anticipation follows a series of regulatory reviews and market speculations. Former SEC Chairman Jay Clayton predicted that trading might begin by July or August, adding a layer of optimism to the timeline.
When will SEC approve spot eth ETF registration statements?*Nobody* knows for sure, but my expectation would be next few weeks.2-3 months max.IMO, heavy lifting already done following spot btc ETFs &amp; eth futures ETFs.Just a matter of how long SEC wants to string this out.— Nate Geraci (@NateGeraci) 
The introduction of a Spot Ethereum ETF is highly anticipated by investors, as it would offer a more direct and potentially more efficient way to invest in Ethereum compared to the existing methods. This development is expected to impact the overall cryptocurrency market, potentially increasing institutional investment and mainstream adoption of Ethereum and other cryptocurrencies.
On May 23, 2024, the US SEC approved the Spot Ethereum ETF, and the crypto community is eagerly waiting for the listing. Following the approval of the ETF, the overall crypto market was massively impacted, especially Ethereum-based altcoins. Meanwhile, crypto giants and investors made massive purchases of Ethereum in response to this development. Ethereum price performance analysis 
Additionally, several analysts and crypto experts predicted that Ethereum could hit the $7,500 level before the ETF launch in 2024. Currently, Ethereum is trading near $3,870, and in the last 24 hours, it experienced a small price drop following the Mt. Gox massive Bitcoin transfer. Over a longer period, Ethereum experienced a decent 6% upside momentum in the last 7 days and a price surge of over 17% in the last 30 days.
According to expert technical analysis, <a href="https://news.todayq.com/ethereum-bull-run-next-in-line-or-left-behind/" rel="noopener noreferrer nofollow">Ethereum is looking bullish</a> and is soon expected to break its recent high of $4,093. If market sentiment remains positive, Ethereum could hit the $4,100 level in the coming days. Following the ETF listing, there is also a possibility that ETH could reach the $4,800 level.

Expert predicts Ethereum ETF launch date: Report

Todayq News

Other articles published on May 28, 2024

Mt. Gox Wallets Transfer $10 Billion in BTC to Unknown Address

Chainlink Gains 6% in 24 Hours Despite Market Downturn

Bitcoin (BTC) On-Chain Dynamics Hint at Bullish Move: Key Factors

Polygon Labs co-founder Sandeep Nailwal assumes new ZK role

What are Validiums and Volitions in Lens Protocol?

Ethereum (ETH) Price Prediction: Will ETH Price Hit New ATH This June?

Join our free newsletter for daily crypto updates!