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Ethereum ETFs Expected to Launch in July, SEC Approval Could Lead to $500 Million Inflows in First Week

Jul 2, 2024, 06:28 PM

The launch of Ethereum (ETH) exchange-traded funds (ETFs) is imminent, with the U.S. Securities and Exchange Commission (SEC) expected to approve them as soon as July 4. Analysts are optimistic about the potential impact of these ETFs on the market, predicting significant inflows. Gemini estimates that spot ETH ETFs could see up to $5 billion in net inflows within the first six months. The initial week alone could witness $500 million in inflows, according to an OKX executive. This launch is anticipated to boost ETH's market value relative to Bitcoin (BTC), which is currently at multi-year lows. The revised S-1 filings are expected by July 8, with a potential launch in mid-July. The approval and subsequent trading of ETH ETFs are expected to broaden institutional interest in digital assets and could lead to a significant price surge for Ethereum. Ether investment products recorded the largest outflows since 2022, with $61 million withdrawn in late June. Nate Geraci of The ETF Store noted the importance of this launch, while K33 Research highlighted the potential for ETH to outperform BTC.