Bitcoin mining pool F2Pool’s founder, Discus Fish, stated that based on the timeline of the previous Bitcoin spot ETF approval and the current public information in the market, the Ethereum spot ETF may start trading as early as mid-June. Institutional funds are expected to gradually enter the market next year.
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Discus Fish predicts the timeline for the Ethereum spot ETF
Bloomberg analyst: Mid-June is definitely possible
Standard Chartered Bank: Ethereum may surpass $8,000 by the end of the year
Yesterday (24th), the cryptocurrency market received another major news. The U.S. Securities and Exchange Commission (SEC) officially approved the 19b-4 filings (exchange rule changes) submitted by eight Ethereum spot ETF issuers at around 5 am yesterday morning, bringing us one step closer to the first Ethereum spot ETF listing.
However, it is worth noting that after the approval of the 19b-4 filings, the issuers still need to wait for the SEC’s approval of their S-1 registration statement before they can officially begin trading. The SEC has only recently started discussions with the issuers regarding their S-1 filings. It is currently unclear how long this process will take, but some analysts speculate that it may take several weeks.
Discus Fish predicts the timeline for the Ethereum spot ETF
In this context, Discus Fish, the founder of F2Pool and also a provider of digital asset custody solutions through Cobo, made a post on the social platform X yesterday, predicting the possible listing timeline for the Ethereum spot ETF based on the timeline of the Bitcoin spot ETF approval and the current public information in the market:
Bloomberg analyst: Mid-June is definitely possible
Discus Fish’s viewpoint is similar to that of Bloomberg analyst James Seyffar. Seyffar also stated in a post yesterday:
However, Eric Balchunas, another Bloomberg analyst, is more convinced that there will be results in mid-June:
Standard Chartered Bank: Ethereum may surpass $8,000 by the end of the year
In addition to predicting the official listing timeline for the Ethereum spot ETF, analysts have also made bold predictions about the price of ETH. For example, Geoff Kendrick, Head of Foreign Exchange Research and Digital Asset Research at Standard Chartered Bank, previously predicted the capital inflow that the approval of the Ethereum ETF may bring:
Kendrick also predicts that by 2024, the price ratio of Ether to Bitcoin will remain at 5.4%. If BTC reaches $150,000 by the end of the year, the price of Ether may reach $8,000.
Further Reading:
Strong! Ethereum remains at $3,700, how do institutions and analysts predict the future of ETH?
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