- ETF Store President Nate Gerac predicted the final approval of a spot Ethereum ETF by the SEC.
- Nate Gerac focused on the final approval date of the spot Ethereum ETF by the U.S. Securities and Exchange Commission on his X post dated May 28.
- While acknowledging that no one can know for sure, Gerac still suggested that the approval could come in the next few weeks or at most within 2-3 months:
Nate Gerac, President of the ETF Store, Predicts SEC Approval for Ethereum ETF Within Weeks.
Approval Timeline and Market Impact
The SEC approved the spot Ethereum ETF issuers’ 19b-4 filings last week; however, the finalization of the process and the opening of these ETFs for trading will require the approval of their S-1 filings.
Market Speculation and Price Movement
Some crypto analysts believe that, similar to the Bitcoin ETF process, the final approval could trigger a much stronger bullish momentum for Ethereum price.
Conclusion
The approval of a spot Ethereum ETF by the SEC could have significant implications on the market and crypto industry as a whole. If Nate Gerac’s predictions come true, we may see a surge in Ethereum’s value in the coming weeks.
