Nate Geraci, an ETF expert, believes there is no “great reason” why spot Ethereum ETFs should not be launched this week.
The Ethereum price has surpassed $3,300 amid expectations that spot ETH exchange-traded funds (ETFs) could launch as early as this week.
According to data from TradingView, the price of Ether has increased by 16% from $2,909 to $3,331 during this time.
ETH is up 13.7% in the last week, ahead of a widely anticipated ETF launch. Source: TradingView.
Nate Geraci, president of the ETF Store and an ETF analyst, said on X that eight spot ETH ETFs will be released before the end of this week. Analysts and key figures has reiterated Geraci’s optimism in the business, such as Bitwise Asset Management’s CIO, Matt Hougan.
“Welcome to the spot for ETH ETF approval week. Geraci noted in a July 14 X post, “I know nothing specific, but I can’t think of a good reason for any further delay at this point.”
Source: Nate Geraci
According to Geraci, the spot ETH fund was expected to launch by the end of this week, as was an anonymous source close to the proceedings who spoke to Cointelegraph on July 12.
VanEck and 21Shares are among the issuers that submitted updated registrations last week to receive final approval from the SEC to offer spot Ether ETFs.
Analysts widely expect that the launch of the ETF will play a key role in driving up the price of ETH in the coming months.
Ethereum prices will reach new all-time highs before the end of this year, according to Tom Dunleavy, managing partner at cryptocurrency investment firm MV Global, who spoke with Cointelegraph about his expectations that new inflows of up to $10 billion will occur in the months following the fund’s launch.
Dunleavy said that an Ether ETF would be “easier to sell” on Wall Street than a Bitcoin ETF, a statement that contradicts the view of other ETF analysts.
Source: Anthony Sassano
With a more clear narrative that traditional investors can understand, we think there will be significant buying pressure. ETH has cash flow. As Dunlevy wrote in a Q2 investor note published by CoinTelegraph, “It could be described as a tech stock, the app store of crypto, or an internet bond.”
“It’s much easier for financial advisors than ‘digital gold’.”
He further added that after the fund is launched, there will be a rapid recovery in the price of ETH, which has been lagging Bitcoin for the last 18 months.
