Markets
When Will Ethereum ETFs Launch? Experts Just Changed Their July 4 Target – DL News
- Cryptocurrency experts are changing their bets on when Ethereum ETFs will launch.
- So when can ETFs start trading?
- See what the experts say.
The cryptocurrency industry’s hopes that Ethereum exchange-traded funds will launch as soon as this week are fading.
Industry watchers aren’t so sure the Securities and Exchange Commission will greenlight the batch of applications this week.
“We’ll have to delay our over/under until after the holiday,” said Eric Balchunas, an analyst at Bloomberg Intelligence. he said in X.
He previously said he expected the market regulator to approve it before July 4.
Balchunas changed his mind after hearing that the regulator had asked potential issuers to amend their applications. He now says the week of July 8 is more likely.
Balchunas said he expected little movement among regulators this week ahead of Independence Day.
This is a minor setback for an industry that had hoped that the launch of spot Ethereum ETFs would catapult the stagnant market, similar to what spot Bitcoin ETFs did earlier in the year.
Ethereum exchange-traded products will attract $15 billion in net inflows in their first 18 months on the market, Bitwise said. Matt Hougan said recently.
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On the crypto betting site PolymarketBettors estimate the odds of a spot Ethereum ETF starting trading on July 4 at 4%, down from 77% last week.
The SEC has asked potential issuers to address some comments in their applications and resubmit applications by July 8, an applicant source said. The block on June 29th.
The source told the news site that they expect more rounds of back-and-forth between the candidates and the SEC.
Despite the setback, Ethereum is up 3% over the weekend and is trading at $3,450.
Eric Johansson is the news editor at DL News. Got a tip? Email him at eric@dlnews.com.