TechFlow reports that Cobo co-founder and F2Pool's Shenyu stated on a social media platform that, based on the experience of BTC ETFs and publicly available market information, the timeline for ETH ETF approval could be as follows: unexpected approval of ETH 19B-4 on May 23, possible S-1 approval in early June, after which market makers may begin purchasing spot ETH to prepare for liquidity provision.
Trading could commence immediately after S-1 approval around mid-June. During the initial listing period from June to December, capital inflows may primarily come from retail investors, accounting for 80–90% of total funds, while institutional participation may remain limited. Given that ETHE is similar to GBTC, the market might face some arbitrage and selling pressure; whether it can withstand such selling pressure remains to be seen.
Institutional investors may gradually enter the market after December.
