Spot Ethereum ETF issuers are preparing to submit their S-1 forms by Monday for the SEC's review. ETF Store President Nate Geraci is optimistic about potential approval within the next two weeks. As attention shifts to the S-1 forms expected to launch by July 15, the SEC requested minor changes to the initial filings last week. Geraci anticipates the revised forms to be resubmitted by July 8.

Nate Geraci, President of the ETF Store, emphasized the significance of the SEC's swift processing of amendments to S-1 forms submitted by Ethereum ETF issuers. Market focus is on the fees associated with these ETFs, with issuers like Bitwise already amending their S-1 filings and others such as BlackRock, 21Shares, Fidelity, and Grayscale expected to follow suit by Monday.

Geraci hinted at a potential ETF launch within the next two weeks pending SEC approval. Analysts predict substantial inflows of around $15 billion into Ethereum ETFs within the first six months post-launch. Despite expectations, Ethereum has witnessed a 20% price decline since the approval of the 19b-4 filings.

Ethereum's price struggles amid market uncertainty as it dropped below $3,000 last week. Bulls attempted to push the price above $3,100 briefly but failed. The price has further declined by 5.6% in the past 24 hours, settling at $2,871 with the market capitalization falling below $350 billion.

With the imminent approval of spot Ethereum ETFs, it remains uncertain whether this will trigger a price rebound or if bearish trends will persist.

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