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Momentous Week Ahead For ETH As Markets Anticipate Approval For Ethereum ETFs

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Ethereum ETFs
Ethereum ETFs

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A big week looms for Ethereum as experts predict the imminent approval of spot Ethereum ETFs (exchange-traded funds) in the US in what will be another landmark breakthrough for the crypto industry.

ETF Store president Nate Geraci said in an X post on June 24 that spot ETH ETFs could be approved and trading in the next fortnight, while earlier Bloomberg ETF analyst Eric Balchunas said the launch could be as early as July 2

PeSpot Ethereum ETFs To Go Live This Week? Analyst Outlines Possibility After Saying 'No Reason For Delay' Earlier By Benzinga 

Experts Predict Imminent Approvals For Ethereum ETFs

In another earlier X post, Geraci set the approval date for Ethereum ETFs before Jul. 4. This predicted date is based on the fact that he did not see anything “noteworthy left for SEC to address/comment on” in a recent ETH ETF filing by Bitwise.

So far, filings have been submitted by VanEck, Grayscale, BlackRock and Invesco Galaxy. These asset managers recently made updates to their S-1 reports, and are now waiting for a decision by the US Securities and Exchange Commission (SEC).

Hashdex Proposes A Combined BTC And ETH ETF 

As multiple issuers gear up for the potential approval and subsequent launch of Ethereum ETFs, Hashdex recently withdrew its application for its own ETH ETF without disclosing a reason for the decision.

However, it did go on to submit a filing for a combined spot Bitcoin and Ethereum ETF with the SEC on Jun. 18.

This proposed fund would be listed on the Nasdaq exchange and the fund’s crypto assets will be balanced based on their respective market capitalizations, Hashdex said in the filing.

The asset manager’s passive investment strategy will then track the market’s movements on a daily basis on the Nasdaq Crypto US Settlement Price index. It will not attempt to beat the index, according to the filing.

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