Ethereum

Franklin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Major firms like VanEck and BlackRock have sent S-1 filings to the SEC for Ethereum ETFs.</li>
 <li>Ethereum’s price remains stable while its network growth records an uptick.</li>
</ul>
<p>Eight applicants for spot Ethereum ETFs, including Bitwise, Fidelity, VanEck, and BlackRock, have updated their registration statements with the SEC. This marks a significant step in the approval process of these ETFs.</p>
<h2 id="s-1-filings-and-the-etf-space">S-1 Filings and the ETF Space</h2>
<p>Franklin and VanEck have disclosed their expense ratios. Franklin set its fee at 0.19% last month, while VanEck followed with a fee of 0.2% on Friday. BlackRock revealed a $10 million seed investment in its proposed ETF.</p>
<p>The SEC will review these updated filings and provide feedback to the issuers before making a final decision. This is good news for investors who have been waiting for the launch of other spot Ethereum ETFs. It could potentially make Ethereum more accessible for traditional investment portfolios.</p>
<p>Bloomberg analyst Eric Balchunas suggested 2 July as a potential launch date for these Ethereum ETFs. Although this isn’t an official confirmation, it gives investors a clearer timeframe. However, the SEC still needs to review the filings and may request changes before granting final approval.</p>
<h2 id="ethereum-s-current-status">Ethereum’s Current Status</h2>
<p>At the time of writing, <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> was trading at $3,502.74, a slight decrease of 0.29% in the last 24 hours. Despite this, its network growth has seen a significant increase recently. This growth indicates that the number of new addresses interacting with Ethereum has materially grown.</p>
<p>As interest from new addresses increases, the likelihood of Ethereum rising to its previously-claimed highs also increases. Along with the increase in network growth, the velocity of Ethereum has also surged, indicating a significant increase in the frequency of Ethereum trading over the last few days.</p>

VanEck, BlackRock Lodge S-1’s: The Future of Ethereum ETFs Unfolds

Table of Contents

CoinEagle.com

Other articles published on Jun 22, 2024

JasmyCoin (JASMY) Faces Complex Correction, Poised for Potential Rebound

Bitcoin Price Forms A Significant Supply Barrier, Risking A Significant Correction!

MoonBag’s Top Meme Coin Presale in 2024 Knocks Arbitrum and BitBot Out of the Crypto Ring

BakeryToken (BAKE) Price Resumes Bullish Rally, Targets This Next Level; Why HIVE’s Ongoing Spike...

Polygon (MATIC) Turns Bullish After Losing Streak – Is A 1,000% Rally Possible From Here?

Harga XRP Anjlok, Cosmos Hub Downtime, dan Potensi Penambangan BDAG

Join our free newsletter for daily crypto updates!