Ethereum

Spot

<ul>
 <li aria-level="1">Nate Geraci reports smooth amendment process, suggesting SEC could soon set a trading commencement date for ETFs.</li>
 <li aria-level="1">Analysts anticipate potential SEC approval of Ethereum ETFs by early July, possibly aligning with U.S. Independence Day.</li>
</ul>
The path toward launching spot Ethereum Exchange-Traded Funds (ETFs) seems closer to realization as recent regulatory updates suggest approvals could be imminent within the next two to three weeks.&nbsp;
Nate Geraci, President of ETF Store, indicated that following a round of amendments to the S-1 filings—required for registration with the U.S. Securities and Exchange Commission (SEC)—the process has proceeded smoothly and with minimal additional requests from the regulator.
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 Fwiw, sources close to spot eth ETF filings…
 “B/c last round of S-1 revisions were so light, SEC could contact issuers at any point w/ date as to when funds can launch.”
 “Timeline to launch is not clear, but we reasonably expect it would be in next 2-3 weeks.”
 via <a href="https://twitter.com/strack_ben?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@strack_ben</a> <a href="https://t.co/rhGtISVTEp" rel="noopener noreferrer nofollow">pic.twitter.com/rhGtISVTEp</a>
 — Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1806009033498734615?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
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This update follows a series of filings by significant financial institutions, including BlackRock, Fidelity, and <a href="https://www.ethnews.com/grayscale-ethereum-trust-adjusts-as-market-shift/" rel="noopener noreferrer nofollow">Grayscale</a>, among others, reflecting a growing interest in the crypto ETF space. 
These submissions were part of a call by the SEC for amendments, which has seen a responsive wave from eight prominent firms. The SEC’s chairman, Gary Gensler, has noted that the process is unfolding without major issues, suggesting a potential green light soon.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Breaking News: SEC Chairman Gary Gensler has informed Senator Bill Hagerty that he anticipates the approval of <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> (<a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a>) Spot ETF S-1 filings by the conclusion of the summer season. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Vc5wKru6uS" rel="noopener noreferrer nofollow">pic.twitter.com/Vc5wKru6uS</a>
 — Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1801266895653323034?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 13, 2024</a>
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 It’s really up to the asset managers to make full disclosure so that these registration statements can take effect,” Gensler explained.
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Geraci’s insights reveal that the latest amendments were notably straightforward, implying that no substantial revisions were required from the applicants. This development suggests that the SEC might soon set a date for the <a href="https://www.ethnews.com/grayscale-ethereum-trust-adjusts-as-market-shift/" rel="noopener noreferrer nofollow">ETFs to commence trading</a>, a step that would mark a integration of cryptocurrency into mainstream financial products.
Analysts are aligning their forecasts around a possible approval date, with some pointing to early July as a likely window. 
This speculation is buoyed by comments from industry leaders like Matt Hougan, CIO of Bitwise, <a href="https://x.com/BitwiseInvest/status/1805976924239360337" rel="noopener noreferrer nofollow">who hinted</a> at forthcoming positive developments that could predicts spot Ethereum ETFs will attract $15 billion of net inflows in 18 months.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ Ethereum ETPs will attract $15 billion in net flows in their first 18 months on the market.
 A thread on how I get to this estimate.
 — Matt Hougan (@Matt_Hougan) <a href="https://twitter.com/Matt_Hougan/status/1805941968838533534?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
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Moreover, the discussion around fees associated with these ETFs has been a point of differentiation among applicants. Franklin Templeton and VanEck have publicly disclosed their proposed fees, with VanEck recently moving to a zero-fee model for its <a href="https://www.ethnews.com/imminent-breakthrough-ethereum-etfs-and-secs-final-verdict-could-redefine-crypto-investment-landscape/" rel="noopener noreferrer nofollow">Ethereum ETF</a> until either 2025 or until the fund reaches $1.5 billion in assets. 
This aggressive pricing strategy could influence how competitors structure their fees, potentially driving down costs for investors.
The post <a href="https://www.ethnews.com/spot-ethereum-etfs-could-begin-trading-soon-as-sec-concludes-amendment-reviews/" rel="noopener noreferrer nofollow">Spot Ethereum ETFs Could Begin Trading Soon as SEC Concludes Amendment Reviews</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Spot Ethereum ETFs Could Begin Trading Soon as SEC Concludes Amendment Reviews

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