In what could be a pivotal development, anticipation is building as experts speculate about the imminent approval of Ethereum exchange-traded funds (ETFs). For instance, the head of [ETF Store], sparked a discussion on [Platform] by suggesting that approval might come as early as next week.
Geraci’s predictions align with the sentiments of industry insiders like Bloomberg’s Eric Balchunas, who expects the ETFs to debut as soon as July 2nd, strategically timed to coincide with the U.S. Independence Day holiday.
Furthermore, Jay Clayton, the former SEC Chairman, echoed the prevailing industry sentiment, reinforcing expectations of imminent approvals. Currently, all eyes are on the upcoming decisions by the Securities and Exchange Commission (SEC), which could mark a significant milestone in integrating cryptocurrencies into traditional financial markets (TradFi). With speculation rising and anticipation building, next week promises to be a potential turning point for Ethereum ETFs.
Interestingly, amidst the buzz, Hashdex, a prominent player in the ETF space, withdrew its application for [specific ETF], without disclosing the reasons or future plans. However, they proposed a hybrid solution involving Ethereum and [another entity]. Moreover, recent filings from Invesco Galaxy Digital and other firms revealed specific management fees.
Read more Bold Prediction: Ethereum May Reach $22,000 by 2030, Says Matthew Sigel
Currently, the SEC is reviewing revised proposals from major asset managers, including VanEck and BlackRock. The unfolding ETF saga is set against the backdrop of increasing institutional interest in the cryptocurrency market, particularly in BTC and ETH as major assets. The question now is when, not if, these developments will materialize.
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