Speculation is mounting that Spot Ethereum (ETH) ETF applications will be given the green light on July 15, as revised S-1 forms are set to be submitted on July 8, with the final submission expected on July 12.
Crypto Exchange Gemini is predicting that Ether ETFs could see net inflows of $5 billion in the first six months of trading.
The president of The ETF Store, Nate Geraci, has also weighed in, anticipating a decision in mid-July. He shared that Bloomberg’s forecast points to mid-July for the launch schedule of the Ethereum spot ETF. The revised S-1 is expected to be submitted on July 8, and the final S-1 may be submitted on July 12.
This aligns with an earlier prediction by Jimmy Ragosa, a product manager at Consensys, who suggested that approval could come just a few days after Bitwise Asset Management’s submission of an amended S-1 document.
Ragosa had previously noted that details about the fee structure and initial investment were removed from the updated document. The US Securities and Exchange Commission (SEC) had emphasized the need to prioritize “risk factors, legal and regulatory statements, contact information, and the distribution plan,” and extended the deadline for updated document submissions to July 8.
Apart from the amended documents, the SEC has been actively engaging with the Ethereum ETF applicants to address all major issues, with the latest round of feedback involving only minor queries.
With approval on the horizon, Gemini has projected that spot Ether ETFs could see a net inflow of $5 billion in the first six months. The exchange’s research report suggests that the ETH ETFs in the US could reach a total Asset Under Management (AUM) of $13 billion-$15 billion within the period, assuming the current Grayscale Ethereum Trust (ETHE) is combined with the flows.
Steno Research has also made a similar prediction, expecting $15-20 billion in net inflows into the Ether spot ETFs in the first 12 months.
The report also mentions that the Ether/Bitcoin ratio could strengthen to 0.065 later this year if the estimated spot Ether ETF inflows prove to be accurate, with Steno predicting that ETH could rise to $6,500 later this year.
At present, ETH is trading at $3,350, experiencing a 2.5% decline in the last 24 hours and a 1.4% decline in the last seven days.