Ethereum

Bitcoin

Spot

<p>Excitement around Spot Ethereum ETFs intensifies as VanEck, the asset management giant, files Form 8-A for its spot Ether ETF. This major development brings the market closer to a highly anticipated investment product that could revolutionize accessibility to the second largest crypto.</p> 
<h2 id="h-one-step-closer-to-the-reality-of-spot-ethereum-etfs">One Step Closer to the Reality of Spot Ethereum ETFs</h2> 
<p>The filing of Form 8-A represents a key milestone in the approval process for Spot Ethereum ETFs. By submitting this essential form for stock market trading, VanEck demonstrates its determination to quickly launch its product.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Eric Balchunas, senior analyst at Bloomberg, <a href="https://x.com/EricBalchunas/status/1805596193977761954" target="_blank" rel="noreferrer noopener">puts this move into perspective</a>: “<em>VanEck filed its 8-A for spot bitcoin exactly 7 days before the launch.</em>” This observation fuels speculation about an imminent launch.</p> 
<p>Although the SEC has already given the green light to 8 spot Ethereum ETFs in May, it continues to captivate market participants’ attention. Unlike the deployment of Bitcoin ETFs, uncertainty still looms over the exact date when trading will commence for <a href="https://www.cointribune.com/en/crypto-a-30-plunge-for-ethereum-with-the-arrival-of-spot-etfs/" target="_blank" rel="noreferrer noopener">Ethereum</a>.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-major-implications-for-the-crypto-market">Major Implications for the Crypto Market</h2> 
<p>The imminent arrival of Spot Ethereum ETFs promises to shake up the entire crypto market. Previous announcements related to these products have regularly caused significant <a href="https://www.cointribune.com/en/crypto-ethereum-soars-1after-the-sec-investigation-ends/" target="_blank" rel="noreferrer noopener">price fluctuations</a>. In the current context, where Bitcoin is dragging most <a href="https://www.cointribune.com/en/crypto-why-could-altcoins-soon-explode/" target="_blank" rel="noreferrer noopener">altcoins</a> into a downward spiral, the approval of Ethereum ETFs could reverse this trend and inject new energy into the market.</p> 
<p>Industry experts exhibit cautious optimism regarding the potential impact on Ether’s price. The crypto has already recorded a <a href="https://www.cointribune.com/en/crypto-ethereum-defies-gravity-in-2024-with-6000-in-sight-before-the-summer/" target="_blank" rel="noreferrer noopener">3.86% increase</a> in 24 hours, reaching $3,401.91. This progression could accelerate if the SEC issues favorable opinions concerning S-1 approvals, thus catalyzing investor interest.</p> 
<p>The involvement of major players such as BlackRock in the race for Ethereum ETFs underscores the growing appeal of this market to traditional financial institutions. With Ethereum and Bitcoin futures ETFs already in circulation in the United States, the ecosystem seems poised for this new stage of its evolution.</p> 
<p>In summary, VanEck’s filing marks a critical turning point toward the realization of Spot Ethereum ETFs. If Bloomberg analysts’ predictions come true, July 2nd could mark the beginning of a groundbreaking era for the <a href="https://www.cointribune.com/en/crypto-ethereum-could-trigger-an-explosion-of-altcoins/" target="_blank" rel="noreferrer noopener">crypto universe</a>.</p>

Countdown Begins: VanEck Files Key Form for Ethereum ETF

Table of Contents

Cointribune EN

Other articles published on Jun 26, 2024

Premium Listing Options Help New Projects Thrive At Bitrue

Court sentences HYDRO execs in landmark crypto securities convictions

Ethereum Price Forecast: Eyeing $5,000 As $15B Spot Ethereum ETF Inflows Linger?

ChainSwap Integrates Chainlink CCIP for Enhanced Cross-Chain Capabilities

Top Whale from dogwifhat (WIF) on the Hunt! Can the Bulls Regain Control?

Will Bitcoin maintain its uptrend above $56.5K as volatility worsens?

Join our free newsletter for daily crypto updates!