Spot Ethereum ETFfor them to start trading SECWhile awaiting S-1 approvals from , all eyes are on early July.
At this point, while senior analysts point to the beginning of July for ETH ETFs, one of the issuing companies An important move came from VanEck that raised the bar of competition.
Yesterday, ETH ETFs filed Form 8-A VanEck soon announced in another filing that it would waive ETH ETF fees entirely until 2025 or until its assets reach $1.5 billion, whichever comes first.
Matthew Sigel, head of digital assets at VanEck In his statement, he gave hints about VanEck’s Ethereum ETF strategy.
Accordingly, Sigel “Even if this waiver means VanEck loses money initially, we at VanEck aim to be the leader in crypto ETF fees.” said.
“VanEck plans to initially waive potential spot Ethereum ETF fees to remain competitive in the ETF market.
The plan is to make up for this in ETF volume.
With this move, VanEck hopes to encourage more investors to explore the potential role of Ethereum in their investment portfolios and enable more investors to invest in ETH.”
VanEck filed Form 8-A yesterday. Commenting on this Bloomberg ETF analyst Eric Balchunasspot via form 8-A Bitcoin He compared their ETFs to Ethereum ETFs and pointed out that the issuing companies filed Form 8-As just 7 days before the BTC ETF launch.
Same process as Bitcoin ETF launch Ethereum If it works for his ETFs as well, Eric Balchunas said he expects spot Ethereum ETFs to launch on July 2.
As you may remember, last May the SEC issued eight spot regulations. ETH It has approved forms 19b-4 for its ETF. However, the SEC must also approve S-1 filings before trading can begin.
*This is not investment advice.
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