Cloud Hosting

If the launch of U.S. spot Bitcoin exchange-traded funds in January embodied a watershed moment for the crypto industry, the debut of spot Ether ETFs on Wall Street could be nothing short of revolutionary.

Following the Securities and Exchange Commissions (SEC) approval of all Ether ETFs in total pivot on May 23, the President of The ETF Store, Nate Geraci, believes the funds could be listed and traded this month.

In an X (formerly Twitter) post on July 7, Geraci said that he would be shocked if spot Ether ETFs are not listed for trading within the next two weeks.

When asked why he suggested the week of July 15 as the likely timeline for the Ether ETF launch, the ETF Store president said the forecast was based on the timing of filings with the securities watchdog.

Geracis comment comes as observers continue to speculate what the potential launch of Ethereum ETFs means for the crypto industry and whether the funds would emulate the success of Bitcoin ETFs.

For some, the arrival of these funds on Wall Street could help drive far more mainstream acceptance of the underlying crypto asset, given that over 10,000 projects have been built on the Ethereum blockchain.

Others, like Andrew Kang, founder of Mechanism Capital, believe that the funds may not be as successful as Bitcoin ETFs. According to Kang, Ether ETFs will likely attract 15% of the flows that spot Bitcoin ETFs have seen.

Read about other Ether ETF key date predictions:Ethereum ETF Key Dates Predicted Ahead of Trading Day Debut

Stay updated on Thailands first spot Bitcoin ETF:Thailand Approves First Spot Bitcoin Exchange-Traded Fund (ETF)

More:

ETF Store President Expects Ether ETF Launch Within Two Weeks - DailyCoin