New Spot Ethereum ETFs Receive Final Approval Date After Bloomberg Analyst Cites Bitcoin as an Example
A recent announcement from Bloomberg ETF analyst Eric Balchunas has shed light on new developments in the world of spot Ethereum ETFs. Following the approval of the spot Bitcoin ETF in the USA, there has been a subsequent approval for spot Ethereum ETFs. The S-1 approvals are currently pending, and it is expected that they will be granted in early July, allowing for the trading of ETH ETFs.
VanEck, the company behind the approved spot Ethereum ETF application, has filed Form 8-A for the ETF, marking a significant step in the process. Balchunas emphasized the comparison between BTC ETFs and Etherum ETFs, noting that the issuing companies submitted Form 8-A only 7 days before the BTC ETF launch. If the Ethereum ETF launch follows a similar timeline, spot Ethereum ETFs are projected to launch on July 2.
While this progress is promising, Balchunas cautioned that unforeseen events could still occur. He encouraged keeping an eye out for further updates on the matter.
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