Experts Predict Launch Dates for Spot Ethereum and Solana ETFs
- The launch of ETH-ETF is expected between July 15-18.
- The SOL-ETF could launch in mid-March 2025, contingent on the outcome of the U.S. presidential election.
On July 15, the SEC is anticipated to approve the listing of Ethereum-based exchange-traded funds, suggested Nate Geraci, president of The ETF Store.
Wen spot eth ETF?
BBG sticking w/ mid-July.
Amended S-1s due July 8th.
Potential final S-1s by July 12th.
Would theoretically mean launch week of July 15th.
via @emily_graffeo @olgakharif pic.twitter.com/NG8xhtCP21
— Nate Geraci (@NateGeraci) July 3, 2024
Recently, updated S-1 forms were submitted to the SEC by BlackRock, Fidelity, Grayscale, 21Shares, Franklin Templeton, and VanEck.
— James Seyffart (@JSeyff) July 8, 2024
Bloomberg analyst Eric Balchunas speculated that the ETH-ETF might launch on July 18.
Because the SEC asked for the S-1s on July 8th but told issuers the fee wasn’t nec yet. They will give guidance back to issuers soon along with the game plan. Then the docs come will come back with fees (and every other blank) filled it and then it’s Go time. https://t.co/S4u8HaMckh
— Eric Balchunas (@EricBalchunas) July 8, 2024
The expert explained that the Commission requested the S-1 forms on July 8. The SEC will soon provide guidance, and the documents will return with fees and other details filled in.
“We don’t have a launch date yet […]. But if you forced me to pick the best date, I’d say July 18,” he wrote.
SOL-ETF Timelines
On July 8, Cboe BZX filed a 19b-4 form for the 21Shares Core Solana ETF and VanEck Solana Trust.
According to regulations, the agency has 240 days to decide whether to approve the rule changes necessary for listing VanEck and 21Shares products on the platform.
Balchunas believes the SEC might register the instrument by mid-March 2025.
Looks like Solana ETFs are going to have a final deadline of mid-March 2025. But between now and then the most imp date is in November. If Biden wins, these likely DOA. If Trump wins, anything poss. https://t.co/ywkf6oA8Rc
— Eric Balchunas (@EricBalchunas) July 8, 2024
“The most important date is in November. If Biden wins, hopes for approval might be dashed. If Trump wins, anything is possible,” the expert commented.
Previously, Matthew Sigel, head of digital asset research at VanEck, reached similar conclusions.
Earlier, Matrixport co-founder Daniel Yan suggested Solana as a candidate for the next ETF. Jeffrey Kendrick, head of research at Standard Chartered, also predicted the emergence of a SOL-based instrument in 2025.
This view is shared by Ripple CEO Brad Garlinghouse and Galaxy Digital CEO Mike Novogratz.
In June, digital asset manager 3iQ filed an application to register the first Solana-ETF in Canada, with a staking reward option of 6-8% per annum.
Previously, market maker GSR positively assessed Solana’s growth potential if an ETF is launched. Analysts believe the cryptocurrency could increase in value by 1.4 to 8.9 times.
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