This week, Nate Geraci, a prominent figure in investment advisory and the exchange-traded fund (ETF) industry, expressed his expectation that spot Ethereum ETFs will be listed within the next two weeks. Geraci shared with his 44,000 followers on X that he anticipates the week of July 15 as the probable time for the listing.
Key Details:
Nate Geraci's Predictions:
- Probable Date: The week of July 15.
- Comment: He mentioned he would be "shocked" if the spot Ethereum ETFs are not listed within the next two weeks. He also noted that the end of next week is a possibility, but the week of July 15 seems more likely.
Discussions on Crypto Assets:
- Geraci shared his personal investments, revealing that he holds Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
- He described BTC as "gold of the future/store of value," ETH as an "application store/tech of the future," and SOL as also having "a seat at the table."
Context of Spot Bitcoin ETFs:
- Geraci mentioned that over 300 ETFs have been launched in 2024, with the four most successful being spot Bitcoin ETFs.
- He highlighted that the leading ETFs are IBIT, FBTC, ARKB, and BITB.
S-1 Amendments for Spot Ether ETFs:
- The S-1 amendments are expected on July 8, and Geraci explained that fees will not be mandatory in these amendments.
- He suggested that issuers are preparing for a launch within a week or two.
Reactions and Implications:
The crypto market reacted to the news with a slight decline. The price of BTC decreased by 1.4% and ETH fell by 1.7% against the US dollar over the last hour.
Conclusion:
Nate Geraci's statements about the imminent launch of spot Ethereum ETFs add to the anticipation surrounding this new financial product. Investors and market observers will closely watch developments to see if his predictions come true.
What do you think? Share your opinions and reactions in the comments section below.
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