Ethereum ETF: When Will They Launch & What Will The Price Impact Be?
The post Ethereum ETF: When Will They Launch & What Will The Price Impact Be? appeared on BitcoinEthereumNews.com.
TLDR Bloomberg analyst Eric Balchunas reaffirms his prediction of a July 2 launch date for U.S. spot Ethereum ETFs, following a surge in amended S-1 filings. Several major asset managers, including BlackRock, VanEck, and Fidelity, have submitted amended S-1 filings, with some revealing competitive fee structures. Analysts have mixed views on the potential demand for Ethereum ETFs, with projections ranging from $1-3 billion to $4 billion in net inflows. Some experts, like Nate Geraci of ETF Store, suggest that Ethereum ETF approval could come as early as next week. The SEC has already approved 19b-4 filings for eight spot Ethereum ETFs, but still needs to greenlight their S-1 filings before trading can begin. As the launch of spot Ethereum ETFs in the United States draws near. Industry experts and analysts are closely watching developments, with some predicting an imminent launch while others remain cautious about market demand. Bloomberg’s senior ETF analyst, Eric Balchunas, has doubled down on his prediction of a July 2 launch date for U.S. spot Ethereum ETFs. This forecast comes in the wake of a surge in amended S-1 (registration statement) filings observed on Friday. Balchunas noted, “We will see a bunch of amended S-1s filed today, probably later this afternoon. Then the ball’s in SEC’s court to let issuers know about any final changes and effectiveness (aka final approval).” The U.S. Securities and Exchange Commission (SEC) has already approved 19b-4 filings for eight spot Ethereum ETFs last month. However, the regulatory body still needs to greenlight their S-1 filings before these ETFs can begin trading. SEC Chairman Gary Gensler has indicated that spot Ethereum ETFs will launch this summer, pending the approval of their S-1 filings. Major asset managers have been quick to respond to this opportunity. BlackRock, the world’s largest asset manager, has entered the…
Filed under: News - @ June 24, 2024 7:14 pm