Anticipated Approval of Ethereum (ETH) ETF Applications

The impending approval of spot Ethereum (ETH) ETF applications is generating significant buzz in the cryptocurrency market. As per the latest information, revised S-1 forms are expected to be submitted on July 8, with the final submission scheduled for July 12. Nate Geraci, the president of The ETF Store, is optimistic about a decision being reached by mid-July.

The president of The ETF Store, Nate Geraci, has outlined the launch timeline for the Ethereum spot ETF. He has indicated that Bloomberg's projections align with a mid-July decision, with the revised S-1 submission set for July 8 and the final submission likely on July 12. This timeline hints at a potential approval in the near future.

This projection coincides with an earlier forecast made by Jimmy Ragosa, a product manager at Consensys. Ragosa hinted at the possibility of approval shortly following Bitwise Asset Management's submission of an amended S-1 document. Notably, the updated filings omitted details regarding fee structures and initial investments, following recommendations from the US Securities and Exchange Commission (SEC) to emphasize critical aspects such as risk factors and legal statements.

In preparation for the anticipated approval, Gemini, a prominent crypto exchange, anticipates substantial net inflows of around $5 billion in the initial six months of trading Ether ETFs. Their research report suggests that the total Assets Under Management (AUM) for ETH ETFs in the US could reach $13 billion-$15 billion within this period, especially if combined with the current Grayscale Ethereum Trust (ETHE) holdings.

Gemini emphasizes the potential for an ETH catch-up trade in the forthcoming months, citing comparable AUM levels in international ETF markets, robust on-chain dynamics, and unique factors like a thriving stablecoin ecosystem. The exchange views a net inflow below $3 billion as disappointing compared to Bitcoin's significant numbers, aiming for a substantial upside surprise of around 50% with an inflow of $7.5 billion.

Supporting this optimistic outlook, Steno Research forecasts even higher net inflows of $15-20 billion for Ether spot ETFs in the initial 12 months. Their projections also anticipate a strengthening of the Ether/Bitcoin ratio to 0.065 by year-end, potentially driving ETH prices to $6,500.

At the current moment, ETH is trading at $3,350, having experienced a minor decline of 2.5% in the last 24 hours and 1.4% over the past seven days.