When will Ethereum ETFs arrive? There are several theories on the table

Investors in ether (ETH), Ethereum’s native cryptocurrency, are eagerly awaiting the imminent arrival of spot ETFs for this asset.

The US Securities and Exchange Commission (SEC) approved only Forms 19b-4 of these financial instruments last May, but has not yet authorized its launch on the American stock exchange.

For this to happen, the regulator must approve the S-1 forms. These are used to register the initial offering of securities.

These forms specifically detail the fund structure, underlying assets, investment strategy, risks and other essential information for investors and regulators.

This situation has generated various theories about the date on which the ETFs will finally be approved Ethereum. Some analysts believe it could happen at any time, while others point to a more definite timeframe.

SEC Chairman Gary Gensler has indicated that Ethereum ETFs could launch before the end of summer in the northern hemisphere, i.e. before September. However, he has not offered a specific date, which maintains uncertainty among investors.

July is the month of Ethereum ETF approval, say several experts

Bloomberg analyst Eric Balchunas had predicted that July 2 would be the launch date. However, he backtracked, saying that The arrival of ether ETFs could be delayed spot to US stock markets.

This was because the SEC returned the S-1 forms to the requesting companies with some minor comments. Now, these companies must make the corresponding corrections and resubmit them, which will delay its decision, he said.

This is why Balchunas assures that Within two weeks, the dialogue process between the SEC and the requesting companies will resume. authorization for Ethereum ETFs. But this time he did not dare to give an exact date.

Nate Geraci, president of ETF Store and an exchange-traded fund specialist, explained that the amended S-1 forms are due next week, specifically on July 8. This means that there could be another exchange between the requesting companies and the SEC, with the final date being July 12.

In theory, it would mean that The launch of the financial instruments would be on July 15thGeraci adds.

Another Bloomberg ETF specialist, James Seyffart, has given another date for the approval of ether ETFs. The analyst commented that the week of July 8 seems more likely for the approval of the funds. In fact, most agree that July will be the month for Ethereum ETFs.

Ethereum price remains expectant

Meanwhile, the price of ether (ETH), the world’s second-largest cryptocurrency, has been relatively calm in recent weeks and has failed to surpass its all-time high of $4,891achieved in November 2021.

In the last month, the cryptocurrency is in a lateralization zone with prices ranging between $3,300 and $3,800as seen in the following TradingView chart.

This situation may be due to the wait for the launch of the ETFs, since the Investors may be taking a cautious stance before making any further decisions. Just as ETFs have been a major driver of the price of Bitcoin, they are also expected to be a major driver of Ethereum.

Once approved, millions of dollars are expected to flow into the cryptocurrency, as reported by CriptoNoticias. Financial institutions such as Standard Chartered believe that the cryptocurrency could reach $8,000 per unit this year, due to the influence of the funds.