Nate Geraci, a prominent figure in the investment advisory and ETF industry, has projected that spot ethereum ETFs will start trading within the next two weeks. Geraci, who is the president of the ETF Store and co-founder of The ETF Institute, has been actively discussing cryptocurrency assets and associated funds. He recently disclosed his purchase of bitcoin (BTC) and solana (SOL), while also mentioning his holdings of ethereum (ETH). Geraci described BTC as a "future gold/store of value," ETH as a "future tech/app store," and mentioned that SOL can also have a seat at the table. He emphasized the inclusivity of disintermediation and questioned why it is perceived as challenging.
Turning to spot bitcoin ETFs, Geraci highlighted that more than 300 ETFs have been launched in 2024, with the most successful ones being spot bitcoin ETFs. He pointed out that there is a significant difference between these ETFs and others, and sarcastically asked if people still believe there is no demand for them. Geraci also addressed the spot ether ETF listings and provided a predicted date for their debut. He expressed his belief that spot ethereum ETFs will start trading within the next two weeks, with the week of July 15 being the most likely timeframe. He noted that the price of ether has decreased by over 20% since the surprise 19b-4 approvals in late May.
On July 8, Geraci explained that spot ether ETF S-1 amendments are expected to be due tomorrow. He mentioned that the key aspect he is monitoring is the fees, which will not be mandatory with these amendments. He added that he assumes issuers are preparing for the launch in the next week or two. Meanwhile, the price of BTC has decreased by 1.4% in the past hour, and ETH is down by 1.7% against the U.S. dollar.
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