Ethereum

Read

<ul>
 <li>VanEck plans a fee-free start for its Ethereum ETF, targeting $1.5 billion in assets before implementing a 0.2% fee structure.</li>
 <li>Market analysts project Ethereum ETFs could attract up to 20% of Bitcoin ETF investments, signaling substantial market interest.</li>
 <li>The launch of Ethereum ETFs could simplify crypto investing, attracting both retail and institutional investors to Ethereum.</li>
</ul>
<p>Last week, nearly eight companies updated their S-1 amendments with the SEC, preparing for a <a href="https://cryptonewsland.com/spot-ethereum-etfs-likely-to-launch-by-july-2-analyst/" target="_blank" rel="noopener noreferrer nofollow">spot Ethereum ETF</a> launch by early July. This development has generated anticipation in the cryptocurrency market. Markus Thielen, CEO of 10X Research, offers a measured outlook. He suggests that the Ethereum ETF might capture only 15% of the investment seen by U.S. spot Bitcoin ETFs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1-3) ETH ETFs could be approved any day now with potential launch next week. VanEck’s CEO met SEC on Monday and their ETF will waive fees until $1.5bn AUM is reached or until some time next year, then charge only 0.2%. <a href="https://t.co/pZS75X2RmZ" rel="noopener noreferrer nofollow">https://t.co/pZS75X2RmZ</a> <a href="https://t.co/xc5YeVLvo3" rel="noopener noreferrer nofollow">pic.twitter.com/xc5YeVLvo3</a></p>— Markus Thielen (@thielen10x) <a href="https://twitter.com/thielen10x/status/1805831108296425688?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="h-vaneck-s-strategic-moves"><strong>VanEck’s Strategic Moves</strong></h3>
<p>VanEck, a major financial firm, is preparing for the Ethereum ETF. VanEck’s CEO met with the SEC to discuss their ETH ETF plans. They intend to start with no fees until the fund reaches $1.5 billion in assets or by next year. Afterward, a low fee of 0.2% will be implemented. Additionally, VanEck filed Form 8-A, a crucial step taken exactly seven days before the launch of Bitcoin ETFs. This indicates their readiness for an ETH ETF launch by July 2nd. VanEck’s <a href="https://cryptonewsland.com/u-s-bitcoin-etfs-break-outflow-streak-with-31-million-inflow/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF</a> currently manages $600 million.</p>
<p>Thielen predicts that the ETH ETF could attract 15% to 20% of the investments that Bitcoin ETFs receive, approximately $14 billion. This suggests the potential for the Ethereum ETF to gather around $2.8 billion in assets. This is consistent with the rise in interest in ETH futures since the May 20th news surfaced. Bitwise’s chief investment officer, Matt Hougan, estimates that around $15 billion might be invested in the Ethereum ETF within the first 18 months. This approval could change how investors view Ethereum, marking a big step forward for the <a href="https://www.forbes.com/advisor/investing/cryptocurrency/crypto-market-outlook-forecast/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency industry</a>.</p>
<h3 class="wp-block-heading" id="h-increasing-possibilities-for-investment"><strong>Increasing Possibilities for Investment</strong></h3>
<p>Traditional investors’ investment procedures would be made simpler with Ethereum ETFs. This enables them to make price predictions for Ethereum without actually holding the virtual currency. This breakthrough could increase Ethereum’s market activity and appeal by luring more institutional and individual investors to the cryptocurrency. Additionally, it offers a fresh way to participate in the expanding Bitcoin sector. The ETF may have a big impact on Ethereum’s valuation and pace of adoption as it continues to gain popularity.</p>
<p>Early in July, a <a href="https://blockworks.co/ethereum-etf" target="_blank" rel="noopener noreferrer nofollow">spot Ethereum ETF</a> is scheduled to start, which would drastically alter the cryptocurrency investing environment. The initial no-fee structure and other strategic measures taken by VanEck highlight the possible significance of this breakthrough. The launch of Ethereum ETFs is a historic development that expands investing opportunities for institutional and individual investors, despite differing expectations. With this action, Ethereum’s market activity and popularity may rise dramatically, ushering in a new age for cryptocurrency investments.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/vaneck-forecasts-eth-surge-to-11800-by-2030-competing-with-u-s-bonds/" rel="noopener noreferrer nofollow">VanEck Forecasts ETH Surge to $11,800 by 2030, Competing with U.S Bonds</a></li>
 <li><a href="https://cryptonewsland.com/solanas-meteoric-rise-vaneck-forecasts-3-2k-price-by-2030/" rel="noopener noreferrer nofollow">Solana’s Meteoric Rise: VanEck Forecasts $3.2K Price by 2030!</a></li>
 <li><a href="https://cryptonewsland.com/analyst-predicts-early-july-trading-for-vanecks-ether-etf/" rel="noopener noreferrer nofollow">Analyst Predicts Early July Trading for VanEck’s Ether ETF</a></li>
 <li><a href="https://cryptonewsland.com/vaneck-bitcoin-btc-to-hit-10-12k-in-q1-of-2023/" rel="noopener noreferrer nofollow">VanEck: Bitcoin (BTC) to Hit $10-12K in Q1 of 2023</a></li>
 <li><a href="https://cryptonewsland.com/deciphering-crypto-regulations-insights-from-vanecks-crypto-faq-for-rias/" rel="noopener noreferrer nofollow">Deciphering Crypto Regulations: Insights from VanEck’s Crypto FAQ for RIAs</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ethereum-etf-launch-anticipation-grows-amid-sec-filings/" rel="noopener noreferrer nofollow">Ethereum ETF Launch Anticipation Grows Amid SEC Filings</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum ETF Launch Anticipation Grows Amid SEC Filings

Indice dei contenuti

Crypto News Land

Altri articoli pubblicati su 27 giu 2024

State Street and Galaxy Partner to Launch Crypto-Focused ETFs

Ripple CLO Slams SEC’s ‘Illegal Move’ Directed By Gensler After Court Loss

US Fed CIO says it’s ‘hard to justify’ hiring human coders over AI

The Power of the Top Crypto Presale in 2024 - NEAR Protocol and Solana Investors Abandon Ship to ...

Pancake Swap launches prediction market on Arbitrum

Coinbase sues SEC, FDIC over FOIA noncompliance

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!