Ethereum

United

Solana

Crypto users were in a frenzy with issuers announcing Ethereum ETFs S-1 amendments. At the moment, all issuers have filed S-1 amendments with many disclosing price ranges and discounts. This year, ETF applications in the United States have ignited momentum because of its impact on the wider market.&nbsp;
The success of Bitcoin ETFs after approval in January led to interest in Ethereum products. As Bitcoin price soared to a new all-time high above $73,000, investors gleaned more products in other assets leading to applications for Solana and Ethereum ETFs to the Securities and Exchange Commission.&nbsp;
<h2 id="strong-ethereum-etfs-amendment-to-drive-inflows-strong">Ethereum ETFs Amendment to Drive Inflows</h2>
On July 8, most issuers filed amendments to their ETFs S-1 as many users anticipate potential trading. This comes as the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH p</a><a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">rice</a> slightly recovered after weeks in the woods. Institutional inflows also point to a rebound as the product notched weekly gains.&nbsp;
Last week, Ethereum products saw $10.2 million in inflows wiping out a part of yearly exits. Year-to-date exits stand at $15 million due to the bearish sentiment that plunged asset prices. Ethereum’s total assets under management rose to $12.4 billion as investors expect a listing this summer.
Several market commentators expect these products to garner inflows with traders and investors repositioning for a final approval. A similar pattern occurred after the SEC approved Ethereum ETFs 19b-4 filings. ETH price moved up 22% alongside strong institutional inflows igniting bullish pressure.
<h2 id="span-style-font-weight-400-strong-etf-issuers-await-approval-strong-span">ETF Issuers Await Approval&nbsp;</h2>
SEC chair, Gary Gensler hinted at a possible approval before the end of this summer. Issuers like <a rel="noopener noreferrer nofollow" href="https://www.sec.gov/Archives/edgar/data/1860788/000093041324002024/0000930413-24-002024-index.html" target="_blank">VanEck</a>, Bitwise, and others filed amendments to their applications with some disclosing fee structures. <a href="https://coingape.com/bitwise-files-amended-s-1-for-ethereum-etf-ahead-of-launch-deadline/" target="_blank" rel="noopener noreferrer nofollow">Bitwise</a> included a six-month waiver of up to $500 million prompting speculations on a similar pattern by other firms. Ethereum currently trades at $3,079, a slight 0.5% increase to regain the $3k mark.&nbsp;
Also Read:<a href="https://coingape.com/trending/brett-vs-pepe-where-are-the-gains-flowing-this-week/" target="_blank" rel="noopener noreferrer nofollow"> BRETT Vs PEPE; Where Are The Gains Flowing This Week</a>
The post <a href="https://coingape.com/trending/how-will-amended-ethereum-etfs-s-1-shape-institutional-funds/" rel="noopener noreferrer nofollow">How Will Amended Ethereum ETF S-1 Shape Institutional Funds?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

How Will Amended Ethereum ETF S-1 Shape Institutional Funds?

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