The post VanEck Files 8-A Form For Spot ETH ETF: Bloomberg Analyst appeared on BitcoinEthereumNews.com.

Key Points: VanEck files an 8-A form for Ethereum ETF after Bitcoin ETF. Ether’s limited institutional interest reduces ETF appeal. VanEck has filed an 8-A form for spot ETH ETF, following its recent Bitcoin ETF filings, with more filings expected soon, says Analyst Eric Balchunas. VanEck Files 8-A Form For Spot ETH ETF: Bloomberg Analyst VanEck’s New Filing for an Ethereum ETF According to Bloomberg ETF Analyst Eric Balchunas, VanEck has filed for an Ethereum ETF. This follows a week after the firm filed for a Form 8-A for a Bitcoin ETF with its launch, suggesting a similar approach it could be taking for Ethereum. VanEck just filed 8-A form for spot Eth, which is just part of process, but.. should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch. Good sign for our July 2nd over/under (7 days from now). But again, anything poss. Sure we’ll hear more soon.. https://t.co/2BlkDnWhrz — Eric Balchunas (@EricBalchunas) June 25, 2024 Balchunas, one of the more noted voices in the space, believes additional filings from VanEck are due shortly. In May, the Securities and Exchange Commission (SEC) reportedly approved the 19b-4 forms for ETFs from a range of institutions, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. Readmore: New ARB Staking Mechanism Will Reward Holders With 50% Surplus Fees Analysis on the Limited Attraction of Spot ETH ETF Although Ether had recorded over $4,000 in value in March as Bitcoin hit a new all-time high, Kang – founder and partner at crypto-focused venture capital firm Mechanism Capital, remained dismissive in a June 23 post. On the reason behind it, he said Ether does not have an institutional interest like Bitcoin, which gives little reason for conversion into ETF form. Kang further highlights that…

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Filed under: News - @ June 25, 2024 10:22 pm