Ethereum Spot ETFs Could Hit US Market Before July 4: Reports – DiarioBitcoin

Experts and sources with knowledge of the case insist that the ETFs Ethereum are just a few days away from hitting the US stock market, despite the fact that SEC has handled the issue very discreetly without giving any dates.

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• According to sources, ETFs Ethereum in cash could arrive next week
• They assure that the process is in its final phases, and minimal details are being finalized
• The estimates coincide with the thesis presented by Eric Balchunas of Bloomberg days ago
• Expectations for ETFs are growing Ethereum even though the SEC has handled the issue with great discretion

There is still no arrival date for ETFs Ethereum in cash, but new reports published by various media reiterate that we could be less than a week away from seeing its official arrival on the US market.

ETFs Ethereum ever closer

On this occasion, reports on the subject indicate that the US Securities and Exchange Commission (SEC) could be about to approve the corresponding forms so that the ETFs Ethereum begin to contribute, something that could happen before next July 4 due to how the due process with the applicants has been evolving.

According to a report published by the news agency Reuters, cited by various media, sector experts pointed out that operators such as BlackRock, Franklin Templeton and Grayscale They would already be in the final stages of due process with the SEC.

Sources with knowledge of the case assure that the review of the corresponding documentation has been progressing satisfactorily, since the SEC has given the respective feedback and the administrators presented the drafts with the requests with the respective updates. They also indicated that the most important aspects have already been resolved, so they are now being addressed. “minor issues”.

In consideration of the above, one of the experts consulted anticipates that the funds could reach the US market in a week, “or maximum two”depending on how the final stages for the approval of the corresponding forms evolve.

The reading coincides with the estimates presented days ago by the analyst of Bloomberg, Eric Balchunas, who, seeing the forms entered for the application for VanEck estimated that, at least, the ETF Ethereum The cash price proposed by the company could arrive next week. Here he based his thesis on certain parallels between this process and the moment in which he was in the process of launching his fund based on Bitcoin, which was approved on January 10.

Expectations for ETFs Ethereum

Let us keep in mind that currently the SEC evaluate the forms S-1 consigned by managers interested in launching their ETFs Ethereum in cash, this after having approved the presentations 16b-4 at the end of May, with which they were technically approved and they are only waiting for a formal departure date.

The last part of the process consists of a feedback process that must give the SEC to the administrators before approving the final required form. Sources familiar with the case indicate that the process is currently on track, as confirmed by the agency’s president, Gary Gensler, although he did not provide details on the date for the final verdict.

As we indicated in previous editions, the arrival date of the ETFs Ethereum to the US market remains a mystery, but those who follow the issue closely expect them to begin trading on local markets before the next presidential elections, that is, between September and October at the latest.

Article by Angel Di Matteo / Bitcoin Diary

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