U.S. ETF Expert Predicts Ethereum Spot ETF Approval Timeline
CryptoNewsTerminal Staff28 May, 2024
U.S. ETF Expert Predicts Ethereum Spot ETF Approval Timeline
U.S. ETF provider ETF Store CEO Nate Geraci has shared his insights on the potential approval timeline for a spot Ethereum ETF. Speaking to X, he expressed his belief that the U.S. Securities and Exchange Commission (SEC) will take approximately two to three months to approve an S-1 (securities registration statement) for such an ETF. Geraci's optimism stems from the fact that the necessary groundwork has already been laid with the launch of a Bitcoin spot ETF and an Ethereum futures ETF. He believes that the SEC's focus is now on finalizing the remaining steps in the approval process for a spot Ethereum ETF. It's important to note that the SEC has yet to officially comment on the timeline for approving a spot Ethereum ETF. However, Geraci's industry expertise suggests that the market could potentially see such an ETF come to fruition within the next few months. Investors who are interested in gaining exposure to Ethereum through an ETF should monitor the SEC's announcements and regulatory developments closely.
