Ethereum ETF Coming: During the broader market correction that occurred on Sunday, June 23, the price of Ethereum (ETH) dropped by an additional 3.72%. On the other hand, this would be an excellent moment to engage in bottom fishing. Because of the reversal of the price, Ethereum ETF Coming. Due to the fact that spot Ethereum ETFs will go live in just two weeks from now.
Expect Ethereum ETF Approval in Two Weeks?
Preparations were being made for the Ethereum ETF Coming exchange-traded. Fund (ETF) by the end of the first week of July. Nearly eight companies submitted the S-1 modifications to the United States Securities and Exchange Commission (SEC) on Friday this week, according to Nate Geraci, the President of the ETH Store.
The cryptocurrency market is going to become extremely important over the next two weeks. The approval of the spot Ethereum exchange-traded fund (ETF) might have far-reaching repercussions. According to him, it can put cryptocurrency back on the course of an upward trajectory.
Geraci made the following statement in a tweet that he sent out on the X platform. The most important thing that I am keeping an eye on is the fee on Grayscale’s mini version of the Ethereum trust.” Given that there is also a micro Bitcoin trust, he is of the opinion that this fee has the potential. This will cause shockwaves to be sent into the spot Bitcoin ETF market.
Pick yourself up, Nate Geraci says as he anticipates that the next two weeks will be filled with a certain amount of instability as well as potential chances. In addition, Gercai anticipated that by this time next year, the assets held in spot cryptocurrency exchange-traded funds (ETFs) will surpass those held in physical gold ETFs. This was a significant prediction.
ETH Price Reversal Soon?
In addition to Bitcoin, Ethereum ETF Coming has also been affected by the selling pressure, as seen by the fact that its price has fallen below $3,400 as of the time of this publication. Nevertheless, on-chain evidence points to the possibility. Ethereum’s price could undergo a reversal in the very near future.
In spite of the Ethereum ETF Coming of Layer-2 activity has reached an all-time high. The gas fee for Ethereum has reached its lowest level in years. Given this information, it is clear that the Ethereum Blockchain Network is prepared to deal with increased scalability. An additional statement made by cryptocurrency analyst Ali Martinez was about the number of active users. Ethereum addresses had reached a total of 617,170, which is the most it has been in the past three months.
Also More: BTC Rises as BTC-Spot ETFs Watch Fed Moves
Conclusion
The spot Ethereum ETF approval process has entered its final stage, with nearly eight issuers—including major players like BlackRock, Fidelity, VanEck, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise—submitting S-1 amendments to the SEC on Friday, June 21. According to Nate Geraci, President of the ETH Store, launch could occur by the end of the first week of July, placing the cryptocurrency market on the cusp of a potentially transformative development.
This two-week window represents a critical juncture for Ethereum and the broader digital asset ecosystem. The approval and launch of spot Ethereum ETFs would mark the second major cryptocurrency to gain regulated ETF access in the United States, following Bitcoin’s successful ETF debut earlier in 2024.
FAQss
When exactly will spot Ethereum ETFs begin trading?
Based on the latest regulatory developments, spot Ethereum ETFs are expected to launch by the end of the first week of July 2024. Eight major issuers—BlackRock, Fidelity, VanEck, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise—submitted their S-1 amendments to the SEC on Friday, June 21. This represents the final regulatory hurdle before trading can commence. While the exact date isn’t confirmed, industry experts like Nate Geraci anticipate approval within a two-week window from late June, making early July the most likely timeframe for these investment products to become available to investors.
Why is Grayscale’s fee structure so important for the ETF market?
Nate Geraci specifically highlighted Grayscale’s mini Ethereum trust fee as a critical factor to monitor because it could significantly impact both Ethereum and Bitcoin ETF markets. Grayscale already offers a mini Bitcoin trust with competitive fees, and if they apply similar pricing strategies to their Ethereum product, it could trigger substantial capital flows between different ETF providers. Lower fees typically attract more investor capital, and Grayscale’s pricing decisions could force competitors to adjust their fee structures, potentially sending “shockwaves” through the entire spot crypto ETF ecosystem. This fee competition ultimately benefits investors through lower costs and could accelerate institutional adoption.
Is the current price drop a buying opportunity or a warning sign?
The 3.72% decline on June 23 that pushed Ethereum below $3,400 appears to be part of a broader cryptocurrency market correction rather than an Ethereum-specific problem. Several bullish indicators suggest this could be a “bottom fishing” opportunity. On-chain metrics show Ethereum addresses reached 617,170 active users—a three-month high—indicating strong network engagement. Additionally, Layer-2 activity has hit all-time highs while gas fees have dropped to multi-year lows, demonstrating improved network efficiency and scalability. Combined with the imminent ETF launch, these fundamentals suggest the price weakness may be temporary. However, investors should expect continued volatility over the next two weeks and invest according to their risk tolerance.
How could Ethereum ETFs impact the broader cryptocurrency market?
The launch of spot Ethereum ETFs represents a watershed moment that could redirect the entire cryptocurrency market trajectory. According to Nate Geraci, this Ethereum ETF Coming back on the course of an upward trajectory” by legitimizing digital assets in the eyes of traditional investors and regulators. The implications extend beyond Ethereum itself—successful ETF launches could pave the way for additional cryptocurrency ETF products and signal broader regulatory acceptance of the asset class. Geraci even predicts that within one year, assets in spot cryptocurrency ETFs will surpass those in physical gold ETFs, suggesting these products could fundamentally reshape how institutional and retail investors allocate capital to alternative assets.
What do low gas fees and high Layer-2 activity indicate about Ethereum’s future?
The paradox of record-high Layer-2 activity combined with multi-year low gas fees on the Ethereum mainnet is actually a highly bullish signal for the network’s long-term viability. This demonstrates that Ethereum’s scaling solutions are working as intended—Layer-2 networks are successfully handling increased transaction volume while reducing congestion and costs on the main blockchain. This improved scalability makes Ethereum more practical for everyday use and positions it to handle the potential surge in activity that could follow ETF approval and increased institutional adoption. The fact that active addresses have reached 617,170 (a three-month high) despite lower transaction costs shows genuine user growth rather than speculation-driven activity, indicating sustainable network health and utility.
