Nate Geraci: "I know the exact launch date of the ether ETF"

The president of the American investment company The ETF Store said that he knows the exact timing of the launch of exchange-traded funds in the United States on the air. The U.S. Securities and Exchange Commission (SEC) will make a final decision on July 15, the businessman assures.

Nate Geraci believes that by July 8, the issuing companies will make all remaining edits to the S-1 forms required for product approval. After the SEC reviews these edits, which will take several days, the regulatory agency will issue a verdict:

"Final applications on the S-1 form can be approved by July 12. This means that ETH-ETFs will be launched on July 15th."

In June, the regulator returned their applications to future ETH-ETF issuers with a request to make edits. Submitting S-1 forms is part of the process of launching exchange-traded products on American stock exchanges.

Earlier, a report by the research company Stento Research indicated that the ether exchange rate will reach $6,500 after the approval of the ether ETF by the US authorities. The inflow of funds into ETH-ETFs may amount to $ 15-20 billion per year, experts suggest.