The post Fidelity, VanEck, and 21Shares File Updated S-1 Filings for Spot ETH ETFs appeared on BitcoinEthereumNews.com.

Fidelity, VanEck, and 21Shares have amended their S-1 filings with the U. S. Securities and Exchange Commission (SEC) for their Spot Ethereum ETFs. These submissions come as part of the final approval process mandated by the SEC. They represent a crucial development for the cryptocurrency market. The asset management companies’ move follows the initial approval of their 19b-4 applications by the SEC on May 23. After the filings, Nate Geraci, the co-founder of the ETF Institute, took to social media to state that the issuers are gearing up for a launch in the coming weeks. VanEck has already waived its initial fee for the Ethereum ETF and announced a 0.2% charge if assets surpass $1.5 billion. The firm also projected that ETH could reach $22,000 by 2030. Bitwise was one of the first to upload its new registration form on July 3. In a post on X, Eric Balchunas, a senior Bloomberg ETF analyst, wrote, “First S-1 just rolled in today from VanEck. . they already had their fee so nothing to see here really, they just putting ball back in SEC’s court. Expecting the rest today except for Bitwise who did theirs last week.” First S-1 just rolled in today from VanEck.. they already had their fee so nothing to see here really, they just putting ball back in SEC’s court. Expecting the rest today except for Bitwise who did theirs last week. pic.twitter.com/gF6OZTKIrs — Eric Balchunas (@EricBalchunas) July 8, 2024 BlackRock, Fidelity, Franklin Templeton, and Grayscale also sent their amended registration statements on Monday later in the day. VanEck said it would first waive fees for its spot Ethereum ETF, while Franklin Templeton set its fee at 0.19%. Some issuers, for example, BlackRock, have not yet announced their fees. Balchunas explained on X that this is because the…

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Filed under: News - @ July 9, 2024 7:30 am