Ethereum Spot ETF Advances Bitwise Updates S1 Form Analysts Predict Launch as Soon as Next Week

The launch of Ethereum spot ETF is seen as a major potential market sentiment reversal event. Bloomberg analyst James Seyffart predicts it could debut later next week or during the week of July 15. Bitwise Invest has resubmitted an updated Ethereum ETF S-1 form, suggesting more issuers may follow suit this week. The ETF might commence trading shortly after SEC approval, contingent on procedural delays possibly due to summer holidays. Analyst Eric Balchunas anticipates quick trading initiation despite SEC’s slower-than-expected approval progress. Experts estimate substantial capital influx into ETH post-ETF launch, potentially influencing its market dynamics significantly.