Bitwise CEO Hunter Horsley and Nate Geraci Hint at July 4 Spot Ether ETF Launch

Krutika Adani

Bitwise CEO’s Cryptic Tweet

In a statement, Bitwise CEO Hunter Horsley signaled toward an upcoming Ethereum ETF by his company, asking people to keep an eye on Bitwise Invest.

Nate Geraci Thinks Ethereum ETF Launch Soon

The President of ETF Store, Nate Geraci, indicated that an Ethereum ETF launch on July 4th might be in the cards.

Delay in ETF Launch

Despite an in-principle approval, the delay in approving individual Ethereum ETFs and their subsequent launch had caused sell-offs in the crypto, pulling down Ethereum’s price.

SEC Closes ETH Investigation

The SEC replied to Consensys's query that it had closed its investigation on Ethereum, classifying it as a commodity.

Future Outlook

Despite being highly awaited, experts have said that Ethereum ETFs might not be as successful as Bitcoin ETFs.