Analysis: Is the launch of Ethereum ETFs expected in July?

After receiving approval for their 19b-4s filings, several exchange-traded funds (ETFs) based on Ethereum (ETH) are now awaiting the final approval of their S-1 registrations by the U.S. Securities and Exchange Commission (SEC). The approved ETF issuers include Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin. Market expert Nate Geracci from ETF Store predicts that the SEC could grant approval for the S-1 filings within the next two to three months. Geracci also expects the SEC to approve spot ETH ETF registration statements in the coming weeks. While the exact timing remains uncertain, JPMorgan analysts anticipate that trading in Ethereum ETFs could commence before November, as they view the approval of these ETFs as a politically significant event leading up to the 2024 US presidential election. However, it is important to note that the views expressed in this article are for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies carries the risk of financial loss.