ethereum

VanEck Files for Ethereum ETF, Potential July 2 Launch

The Big Whale

— 1 min read
  • VanEck filed Form 8-A for a spot Ethereum ETF, signaling potential launch by July 2.
  • SEC reviewing S-1 applications for Ethereum ETFs, likely to approve by summer.
  • Bitwise, VanEck, and Franklin Templeton gearing up for Ethereum ETF launch.
  • Eric Balchunas predicts Ether ETFs could be available for trading soon. Political factors may expedite Ether ETF listings in the U.S.
  • Industry initiatives mobilized to appeal to pro-crypto voters during the 2024 election year.

Summary :


Investment manager VanEck has filed a form with the U.S. Securities and Exchange Commission (SEC) for its spot Ethereum exchange-traded fund (ETF), bringing it one step closer to live trading. Bloomberg ETF analyst Eric Balchunas speculates that the Ethereum ETFs could be available for trading as early as July 2, based on VanEck's filing for its Bitcoin ETF, which was filed seven days before the fund launched. The approval of Ethereum ETFs is expected, with SEC chairman Gary Gensler stating that the funds will likely be approved "over the course of this summer." Ethereum ETF sponsors are already preparing for launch, with companies like Bitwise and Franklin Templeton releasing investment theses and management fees for their funds. The approval of a spot Ethereum ETF in the U.S. is surprising and represents a departure from the current administration's policies. It is speculated that political factors from the 2024 election year may have influenced the approval. However, Gensler has stated that listing Ethereum ETFs on stock exchanges could take months and may not happen until September 2024. The filing of the Form 8-A by VanEck is seen as a positive sign for the potential July 2 launch of the Ethereum ETFs.

Sources :

- Decrypt
- CoinTelegraph
- TheBlock

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