Ethereum (ETHUSD)

[ap17]

MARK THIS DATE DOWN 🎯
Ethereum ETF issuers have now resubmitted their S-1 filings.

But what happens next?

When will they launch?

This seems to be dragging on forever…

In his latest interview, Eric Balchunas explained exactly what’s going on with the Ethereum ETFs.

ebacl1
For those of you who don’t know Eric, he’s the senior ETF analyst at Bloomberg.

Eric has covered Bitcoin and Ethereum’s move into TradFi extensively, proving to be a trustworthy source of news.

Here’s what he had to say:

“The SEC hasn’t got back to issuers yet. But when they do, they’re going to give them a game plan. They’re going to say here’s the plan, you guys are going to send back your documents, we’re going to make them effective and then you can launch on Thursday July 18th. That is my new ballpark.”


Eric Balchunas
Eric is now predicting the launch date to be July 18th.

But in Eric’s opinion all the hard work has been done. The S-1 filings that issuers have been resubmitting have minimal changes.

We’re just waiting on the slow moving government to finalise these things.

“According to the issuers and people we speak with, these could have been done two weeks ago.”


Eric Balchunas
Eric was also asked to give a prediction on the amount of inflows we can expect once the Ethereum ETFs finally launch.

And instead of giving a flat number, Eric gave a range based on Bitcoin’s inflows.

Less than 10% = failure 😭

Greater than 25% = huge success 🤑

“Whatever Bitcoin [flows] is at after a year, if ETH is 10% or less it’s a let down. If it’s over 25%, I think it exceeds expectations.”


Eric Balchunas
ETF analyst James Seyffart also made a prediction on potential Ethereum ETF flows.

Here’s what James is expecting:

“So if you look at Ethereum, it’s 30% of the market. My base case is these things over the first year are going to take in 20% of whatever the Bitcoin ETFs do… I think they’ll take in over $3 billion.”


James Seyffart
Here’s the thing though…

Ethereum is a less liquid market compared to Bitcoin.

Which means a dollar into the Ethereum ETFs is likely going to be WAY more impactful than a dollar into the Bitcoin ETFs.

Fingers crossed Eric is right on his July 18th approval. 🤞