Ethereum

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-spot-eth-etfs-surprising-investors/" data-wpel-link="internal">SEC Approves Spot ETH ETFs, Surprising Investors</a> 
Cryptocurrency investors were shocked when the SEC suddenly approved spot ETH ETFs. Now, it’s time for the second shock regarding Ether ETFs. Issuers are updating their S-1 Forms on the last business day of the week. These updates indicate that the listing process is nearing completion. 
<h2 style="text-align: justify" id="latest-developments-in-spot-ether-etfs">Latest Developments in Spot Ether ETFs</h2> 
The SEC is expected to approve the necessary S-1 Forms for exchange listings next week. Normally, listings on exchanges should occur around July 2. With these listings, investors familiar with traditional markets will be able to buy and sell ETH via ETFs, just like they do with BTC. 
<a href="https://en.coin-turk.com/ethereum-price-analysis-no-strong-recovery-signs-yet/" data-wpel-link="internal">Ethereum</a> is expected to attract significant interest from <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">long-term investors</a> due to its growth potential, early adoption by massive financial institutions in the RWA sector, and its monopolistic position in the smart contract world. 
However, there are two important stories here. First, like the BTC ETF approval, we might see a “sell the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a>” scenario after the listing. This possibility might have weakened with ETH’s price drop to $3,500 triggered by BTC’s price decline. But the second issue is a significant risk. After the initial listing, GBTC experienced prolonged net outflows due to rapid sales by investors who benefited from the negative premium. The same could happen to ETHE, which was bought at up to 50% negative premium 6-12 months ago, with the spot price rising alongside BTC’s price increase. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-363984 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/ETHE.jpg" alt="" width="1170" height="858"> 
Grayscale has not yet included the management fee in the ETF filing. This raises the question of whether they might set the management fee to zero to balance out rapid sales. For ETHE holders focused on long-term goals, setting an attractive transaction fee is necessary to keep them from switching to lower alternatives while using the strong liquidity advantage. Some GBTC sales were also driven by the high transaction fee, causing a shift to alternatives like BlackRock. 
Today’s S-1 Form updates, which lack transaction fees, indicate that the final versions of the forms will be available by the end of business next Friday. So, the final date for July 2 is next Friday. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-spot-eth-etfs-surprising-investors/" data-wpel-link="internal">SEC Approves Spot ETH ETFs, Surprising Investors</a></h5>

SEC Approves Spot ETH ETFs, Surprising Investors

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 21 cze 2024

What's Next For Bitcoin? 'Significant Bounce' Or 'Nasty Impulse Down,' Traders Say

BoundlessPay’s $BPay Token LBP Launch on Fjord Foundry: Empowering Users with Next-Gen Digital Ba...

Ripple Under Controversy Due To CEO's Statement Backfire

Chainlink and DTCC Launch Pilot to Bring Fund Data Onchain with 10 Financial Institutions

Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buyi...

Michael Dell Discusses Cryptocurrencies and Blockchain

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!