Hopes for a spot Ether ETF continue to rise as Nate Geraci, who holds expertise in cryptocurrency, anticipates the imminent launch of the ETF within the upcoming two weeks. Despite the Securities and Exchange Commission (SEC) requesting alterations to issuers' S-1 filings, thereby causing a delay in approval, Geraci remains positive about the forthcoming launch. As the price of Ether experienced a 20% decline subsequent to the initial ETF approval announcement, speculations and uncertainties surround the timeframe for the ETF launch.

In late June, the SEC returned the S-1 forms to issuers with requests for modifications. While issuers were given a deadline to resubmit by July 8, there are indications that additional rounds of filings may be necessary. The S-1 forms mark a crucial stage in the approval process for the spot Ether ETF, following the approval of the 19b-4 forms by the SEC in May 2024. Since the S-1 forms do not have a specified due date, issuers are eagerly awaiting further developments.

The delays in the SEC's review process have sparked discussions and debates within the cryptocurrency community, yet the launch of the spot Ether ETF remains on the horizon. Nate Geraci's consistent expressions of optimism reflect a belief in the eventual realization of the ETF, regardless of the regulatory hurdles and timing uncertainties. As the cryptocurrency market observes these unfolding events, the industry awaits the SEC's next steps in the approval journey.