The post VanEck Files Form 8A For Spot Ethereum ETF appeared on BitcoinEthereumNews.com.

In anticipation of the official approval of the S-1 registration for spot Ethereum ETF products, VanEck has filed its 8-A form. As noted by Bloomberg’s Senior ETF Analyst Eric Balchunas, this 8-A form is part of the process leading to the launch of any ETF product. The Race for Spot Ethereum ETF Draws Closer Since the United States Securities and Exchange Commission (SEC) approved the 8 spot Ethereum ETFs in May, there has been many speculations regarding S-1 approvals. Since there was a significant rush before the approval came at the last minute, the due diligence has dragged on. This due diligence is between the SEC and applicants were not done pre-approval. Unlike the runup to the spot Bitcoin ETF debut, the market still has no certainty regarding when the Ethereum counterpart will commence trading. Notably, the form 8-A filings points at the registration that allows issuers to trade on an exchange. It marks the progress towards the potential approval of a spot Ethereum ETF. As Balchunas pointed out, VanEck filed its Form 8-A just about 7 days before its spot Bitcoin ETF product went live in January. Without much guidance from the SEC, the analyst is maintaining his July 2 launch date projection. 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 The pursuit of spot Ethereum ETF dates back to last year when the likes of BlackRock entered the race. With Ethereum Futures ETF and Bitcoin fund already trading in the United States, the optimism for approval was…

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Filed under: News - @ June 25, 2024 11:14 pm