Spot Ethereum ETF Amendments and Price Correction Analysis

The much-anticipated launch of spot Ethereum ETFs is set to take place in the coming weeks, with all eyes on the S-1 submissions expected to go live by July 15. After the US SEC returned all the S-1 forms to issuers for minor changes at the end of June, ETF Store President Nate Geraci has revealed that the amendments are likely to arrive by Monday, July 8.

Geraci emphasized that the key focus will be on the fees associated with these ETFs, with market players like Bitwise already submitting their S-1 amendments last week. Other major issuers such as BlackRock, 21Shares, Fidelity, and Grayscale are expected to follow suit by Monday.

Market analysts are predicting that the Ether ETF inflows could reach $15 billion in the first six months after launch, highlighting the significant interest in this new investment opportunity. Despite the approval of 19b-4 filings, the Ethereum price has corrected by 20% in recent days, currently sitting at $2,871 with a market cap under $350 billion.

With the potential launch of spot Ethereum ETFs just around the corner, investors are eagerly awaiting to see if this development will trigger a bullish trend or if the bears will continue to dominate the market. Stay tuned for more updates on this evolving story.