Analyst affirms high possibility of Ethereum ETFs launching next month.

The approval of spot Ether exchange-traded funds (ETFs) could lead to their launch in mid-June, following a similar timeline to the spot Bitcoin ETF process, according to reports. The green light for 19b-4 filings has been given, allowing the funds to be listed on their respective exchanges. However, S-1 registration statements must first be approved for trading to begin. Analysts have suggested that S-1 approvals could take a couple of weeks or longer, with mid-June being a possibility. It is expected that there will only be one round of comments to the S-1 amendments, similar to the process for spot Bitcoin ETF applicants. VanEck has already filed its amended S-1, while other applicants are expected to follow suit soon. However, there is a chance that one of the five SEC Commissioners could challenge the decision within the next 10 days. Despite this, experts believe that it is unlikely to happen. If the S-1s are approved, it is predicted that spot Ether ETFs could capture around 20% of the flows that spot Bitcoin ETFs have seen, resulting in a combined total of $2.66 billion over the same timeframe. Concerns have been raised about potential outflows from the Grayscale Ethereum Trust into spot ETFs, similar to what happened with the firm’s Bitcoin investment product. The eight applicants, including VanEck, BlackRock, and Fidelity, received regulatory approval on May 23, with Hashdex being the only issuer not approved.