Following the approval of the 19b-4s filings for Ethereum (ETH) exchange-traded funds (ETFs) in cash by the U.S. Securities and Exchange Commission (SEC), market observers are speculating about when the final approval of the S-1s registrations will take place. On May 23, the SEC approved the 19b-4 forms for eight securities issuers, including Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity, and Franklin, all of whom are waiting for the SEC’s approval on their S-1 filings before the products can be traded.
Nate Geracci, a policy and market observer from ETF Store, shared his prediction on the launch of Ethereum ETFs, stating that the approval of the S-1 could potentially happen within two to three months at most. Geracci also expressed his expectation that the SEC could approve the S-1 filings in the next few weeks. However, the exact timing remains uncertain, and it ultimately depends on how long the SEC wants to prolong the process.
Additionally, JPMorgan analysts provided their forecast on the start of trading for U.S. spot Ethereum ETFs. According to recent information published by The Block, JPMorgan estimates that trading in Ethereum ETFs could begin well before November. The analysts highlighted that the approval of the ETF, as well as the broader crypto market, has become a political issue leading up to the 2024 US presidential election.
It is important to note that the views and opinions expressed in this article, including those of Nate Geracci and JPMorgan analysts, are for informational purposes only and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries inherent risks of financial loss.
In related news, the DTCC has listed VanEck’s ETH ETF, and the SEC President has reaffirmed that most cryptocurrencies are considered securities ahead of the decision on the Ethereum ETF.