July 2 might be the key date for the approval of Ethereum ETFs, with top experts forecasting that the SEC could give the green light before Independence Day. As reported by U.Today, SEC Chairman Gary Gensler recently hinted that the agency could approve S-1 forms for spot exchange-traded funds on major altcoins ”sometime this summer.” The SEC has already taken steps to facilitate the listing and trading of eight Ethereum ETFs by approving rule changes, but S-1 registration forms, which provide detailed product information, are still required before they can go live. In late May, the SEC requested updated S-1 forms from issuers, indicating that the process is progressing.
Eric Balchunas, a senior ETF analyst at Bloomberg, predicts that the SEC could approve these forms by July 2. He noted that SEC staff recently sent issuers minor comments on the forms and requested responses within a week. Balchunas believes there is a strong chance the commission will finalize its decision before the Independence Day weekend, making July 2 a likely date for approval. Nate Geraci, another ETF analyst, shares this optimism, suggesting that there is little left to do before final approval.
The potential approval of Ethereum ETFs could be a significant milestone for the crypto market, opening new investment opportunities and driving further adoption of digital assets. As the SEC nears its final decision, the community is watching closely, anticipating the impact on both institutional and retail investors.
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