Ethereum

Bitcoin ETF

Spot

Spot Ether (ETH) exchange-traded funds (ETFs) have gained approval and are set to launch around mid-June, pending S-1 registration statement approvals for trading commencement. 
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 The imp part is over. Now just logistics. My guess is there’s only one round of comments on the S-1s. And during btc one round took two weeks ish. So I this mid June is certainly poss. Just a guess tho. We will see.— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1793758232634126816?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 23, 2024</a>
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Bloomberg ETF analysts Eric Balchunas anticipate S-1 approvals within a few weeks, with a potential extension of up to five months in the process, and Eric Balchunas predicts a mid-June launch based on a two-week feedback process for spot Bitcoin ETFs. 
VanEck swiftly filed its amended S-1 after 19b-4 approval, with others expected to follow. Yet, concerns arise about potential challenges from SEC Commissioners within 10 days. 
Analysts forecast spot Ether ETFs to capture 10-20% of spot Bitcoin ETF flows, which <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener nofollow">reached</a> $13.4 billion in net inflows over four and a half months. If realized, spot Ether ETFs could attract around $2.66 billion. 
However, worries persist about outflows from Grayscale’s Ethereum Trust, holding over $11.3 billion. Eight applicants received approval, with Hashdex as the exception. 
The market eagerly awaits further developments, anticipating significant impacts on cryptocurrency investment dynamics. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/23/sec-starts-talks-with-ethereum-etf-issuers-on-s-1-forms/" target="_blank" rel="noreferrer noopener">SEC Starts Talks with Ethereum ETF Issuers on S-1 Forms</a> 
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Spot Ether ETFs May Launch in Mid-June: Bloomberg Analysts

The Crypto Times

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