ETH spot ETF expected to launch in July, says expert

IconCryptoNewsTerminal Staff02 Jul, 2024

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ETH spot ETF expected to launch in July, says expert

Nate Geraci, CEO of ETF store, a leading US ETF specialist, has predicted that a spot Ethereum ETF will be launched in the third week of July. Geraci told Insider that he believes the Securities and Exchange Commission (SEC) will approve a spot ETF for Ether (ETH) in the coming weeks. The decision to approve such an ETF is expected to be a landmark moment for the cryptocurrency industry, and Geraci's prediction has been met with excitement by many in the space. A spot ETF is an exchange-traded fund that tracks the price of an underlying asset, in this case, Ether. Spot ETFs are different from futures ETFs, which track the price of futures contracts for an asset. Futures ETFs can be more volatile than spot ETFs, and they can also be more difficult for investors to understand. Ether is the second-largest cryptocurrency by market capitalization, and it is used to power the Ethereum blockchain. Ethereum is a popular platform for decentralized applications, and it is home to a growing number of DeFi projects. The launch of a spot ETF for Ether would make it easier for investors to gain exposure to the cryptocurrency, and it could also help to legitimize the industry in the eyes of mainstream investors.

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