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BlackRock, Franklin Templeton, and VanEck are set to launch Ether ETFs, with Bitwise projecting $15 billion in inflows for these new funds within the next 18 months.The SEC has given preliminary approval to three asset managers for their spot Ether ETFs, which may start trading next Tuesday. The final step is for these firms to submit their final documents to the SEC by the end of this week, according to Reuters.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ede0cf8a3a4f4df889fae54b23560a28.png" /><h3 id="sec-nears-approval-for-spot-ether-etfs-key-firms-and-market-impact">SEC Nears Approval for Spot Ether ETFs: Key Firms and Market Impact</h3>The SEC has given preliminary <a href="https://cryptosheadlines.com/ether-spot-etf-approval-odds-drop-to-20/" rel="noopener noreferrer nofollow">approval to several asset managers for their spot Ether ETFs</a>, including BlackRock, Franklin Templeton, and VanEck. Other firms, such as Fidelity, ARK 21Shares, Grayscale, Bitwise, and Invesco Galaxy, are also preparing to <a href="https://cryptosheadlines.com/prometheum-launches-ether-custody-service-treating-eth-as-a-security/" rel="noopener noreferrer nofollow">launch their Ether</a> products. Sources indicate that all eight spot Ether ETFs might debut simultaneously, similar to the <a href="https://cryptosheadlines.com/blackrock-selects-coinbase-custody-for-spot-bitcoin-etf-sec-lawsuit-conclusion-imminent/" rel="noopener noreferrer nofollow">SEC’s approach with spot Bitcoin ETFs</a>.The <a href="https://cryptosheadlines.com/sec-drops-proposed-digital-assets-definition-from-final-hedge-fund-rules/" rel="noopener noreferrer nofollow">SEC has provided final instructions to these asset</a> managers, requiring them to submit their final S-1 filings by July 16. According to Bloomberg’s ETF analyst Eric Balchunas, issuers must disclose the fees associated with their <a href="https://cryptosheadlines.com/no-net-flows-for-hong-kong-spot-ether-etfs-amid-us-approval-hopes/" rel="noopener noreferrer nofollow">spot Ether ETFs</a> in these filings. Bitwise’s chief compliance officer, Katherine Dowling, confirmed fewer issues in the filing process, suggesting that the launch is imminent.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1117275cc6d5482b81ea93a911f4d87f.png" />Source: <a href="https://x.com/Crypto_Dep/status/1813116739024015857" rel="noopener noreferrer nofollow">X</a>Bitwise’s chief investment officer, Matt Hougan, predicts that the new spot Ether ETFs could attract up to $15 billion in inflows within the first 18 months of trading, mirroring the success of spot Bitcoin ETFs launched earlier this year.<a href="https://cryptosheadlines.com/cardano-community-excited-for-chang-hard-fork-after-delay/" rel="noopener noreferrer nofollow">Also Read: Cardano Community Excited for Chang Hard Fork After Delay</a><h3 id="spot-ether-etfs-poised-for-launch-key-details-and-expected-timelines">Spot Ether ETFs Poised for Launch: Key Details and Expected Timelines</h3><blockquote>If approved, the spot Ether ETFs will be <a href="https://cryptosheadlines.com/wif-token-surges-100-on-major-exchange-listing-in-solana-space/" rel="noopener noreferrer nofollow">listed on major exchanges</a> including the Nasdaq, New York Stock Exchange, and the Chicago Board Options Exchange.</blockquote>Matt Hougan anticipates that the SEC will officially approve the S-1 filings next Monday after market close, allowing the spot Ether ETFs to begin trading on Tuesday, July 23.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ede0cf8a3a4f4df889fae54b23560a28.png" />The SEC’s initial feedback on the <a href="https://cryptosheadlines.com/ethereum-etf-could-launch-in-june-as-blackrock-files-s-1/" rel="noopener noreferrer nofollow">S-1 filings was provided in late June</a>, following the approval of the 19b-4 filings on May 23.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/75fbd64bda564b6cb04b8480992fc765.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.eth

SEC Gives Early OK to Ether ETFs: 3 Firms Set for Tuesday Launch

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Andre artikler udgivet 16. jul. 2024

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