Crucial Week Begins for Ethereum (ETH): Will SEC Approval Drive Price Higher? Matrixport Responds!

Spot Ethereum ETFWhile the declines in the index are overshadowed by the declines experienced, ETF analysts draw attention to the dates of July 8 and July 15 regarding the process.

At this point, it is expected that the SEC will issue the S-1 approval required for ETFs to start trading on July 15, Matrixport said that ETH prices could rise again until the S-1 approval.

Digital asset financial services platform Matrixport said that if the SEC approves the S-1 filings during the week of July 8, the ETH price could rise again.

“On May 23, the SEC approved ETF issuers’ 19b-4 filings, but their S-1 filings remain pending.

Since then, ETH has increased by 20%. Due to the July 4th holiday and long weekend, the SEC may have postponed the filing until the week of July 8th (today).

“ETH prices could rebound if SEC takes action this week.”

#Matrixport 📈Today-Jul 8: SEC Will Likely Approve #ETH ETF This Week#CryptoFinance #cryptocurrency #Crypto #SEC pic.twitter.com/83WVrVjrOZ

— Matrixport Official English (@Matrixport_EN) July 8, 2024

Experts Focused on July 15 Date!

Nate Gerac, president of The ETF Storei, SEC’s spotlight this week Ethereum He said he believes he will complete all the necessary processes for ETF trading.

Geraci, who thinks that ETH ETFs are more likely to be launched on July 15 or at the latest in the week of July 15, claimed that issuing companies have to submit their revised S-1 applications on July 8 and the final S-1 approval date could come on July 12.

Given these dates, Geraci argued that the most likely day for spot Ethereum ETFs to begin trading would be July 15.

In addition to Geraci, Bloomberg ETF analyst James Seyffart also ETH He had said he expected his ETFs to be approved on July 15.

*This is not investment advice.