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Issuers of the spot Ethereum ETF are set to submit their S-1 forms by Monday, allowing the SEC to review them once again. ETF Store President Nate Geraci anticipates that approval could come within the next two weeks.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6acaf052b0764635be616e26c37f686a.svg&#43;xml" />Ethereum (ETH) price is facing significant selling pressure as the anticipated approval of spot Ethereum ETFs approaches. With the second week of July underway, attention is on the S-1 forms for these ETFs, which are expected to launch by July 15. Last week, the SEC asked issuers to make minor changes to their initial S-1 filings. Nate Geraci expects the revised forms to be submitted by Monday, July 8.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/536ad5c9d66141a19514a68741915f4b.png" /><h3 id="ethereum-etf-approval-key-developments-and-market-predictions">Ethereum ETF Approval: Key Developments and Market Predictions</h3>Nate Geraci, President of the ETF Store, highlighted the importance of how swiftly the U.S. Securities and Exchange Commission (SEC) processes the amendments to the <a href="https://cryptosheadlines.com/fidelity-files-updated-s-1-for-ethereum-etf/" rel="noopener noreferrer nofollow">S-1 forms submitted by Ethereum ETF</a> issuers.According to Geraci, the focus will be on the <a href="https://cryptosheadlines.com/bitcoin-etf-fees-competition-grayscale-considers-split-vaneck-offers-zero-fees-until-2025/" rel="noopener noreferrer nofollow">fees associated with these ETFs</a>. While some market players like Bitwise have already submitted their S-1 amendments last week, other issuers such as BlackRock, 21Shares, Fidelity, and Grayscale are expected to submit theirs by Monday.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7b2abc54bf4449aeb5afd64d5db44b22.png" />Source: <a href="https://x.com/NateGeraci/status/1810100442388422792" rel="noopener noreferrer nofollow">X</a>Geraci also mentioned that issuers are preparing for a potential <a href="https://cryptosheadlines.com/ethereum-price-could-rise-soon-with-etf-launch-in-two-weeks/" rel="noopener noreferrer nofollow">ETF launch within the next two weeks</a>, pending SEC approval. Market <a href="https://cryptosheadlines.com/bloomberg-analyst-valkyrie-converts-filing-to-bitcoin-and-ethereum-etf/" rel="noopener noreferrer nofollow">analysts are forecasting that the inflows into Ethereum ETFs</a> could reach around $15 billion within the first six months post-launch. Despite the anticipation, Ethereum’s price has already dropped by 20% since the approval of the 19b-4 filings.<a href="https://cryptosheadlines.com/terra-luna-classic-staking-reaches-15-with-1-trillion-lunc-staked/" rel="noopener noreferrer nofollow">Also Read: Terra Luna Classic Staking Reaches 15% with 1 Trillion LUNC Staked</a><h3 id="ethereum-price-struggles-amid-market-uncertainty">Ethereum Price Struggles Amid Market Uncertainty</h3>After dropping below $3,000 last week, Ethereum bulls attempted to drive the price above $3,100 but could only maintain this level briefly. Over the past 24 hours, Ethereum’s price has declined by an additional 5.6%, falling to $2,871. The cryptocurrency’s market capitalization has now dipped below $350 billion.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/536ad5c9d66141a19514a68741915f4b.png" />As the <a href="https://cryptosheadlines.com/bloombergs-timeline-for-spot-ethereum-etf-approval/" rel="noopener noreferrer nofollow">approval of spot Ethereum ETFs</a> approaches, it remains to be seen whether this will lead to a rebound in price or if bearish trends will continue to prevail.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7e96666941a74291a5da19195d538b9d.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.eth

Ethereum ETF S-1 Submissions Await SEC Review

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CryptosHeadlines.com

Інші статті, опубліковані 8 лип. 2024 р.

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