Ethereum
Ethereum ETFs to Launch on July 23, Bloomberg Analyst Says
Key points to remember
- Ethereum ETFs are expected to begin trading on July 23, as reported by Bloomberg analyst.
- Bitwise CIO predicts $15 billion in inflows to Ethereum ETFs by the end of 2025.
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The start date for trading of Ethereum spot exchange-traded funds (ETFs) in the United States is July 23, according to Eric Balchunas, ETF analyst at Bloomberg. sharing on X that the SEC is responding today to issuers, asking them to return their final Forms S-1 by Wednesday, July 17.
“And then ask for an entry into force on Monday after the closing for a LAUNCH on TUESDAY 23/07. This is on condition of course that there are no unforeseeable last minute problems,” he added.
https://x.com/EricBalchunas/status/1812930206933655759
Ethereum ETF issuers filed their S-1 forms on July 8, but most of them did not mention fees in their forms. Balchunas said this is likely a strategy by asset managers to test the competitiveness of fund fees, particularly BlackRock’s.
It should be noted that Form S-1 is an initial filing required by the United States Securities and Exchange Commission (SEC) before a security can be traded on an exchange.
As Underlines According to Balchunas’ fellow ETF analyst James Seyffart, this could mean that Ethereum ETFs will begin trading the same week as the Bitcoin conference, which is scheduled to take place in Nashville.
The launch of Ethereum spot ETFs is a key milestone for the adoption of cryptocurrencies by traditional investors, as it solidifies the altcoin as a strong asset among institutional investors. An estimate by Bitwise CIO predicts that these investment instruments will capture $15 billion in inflows until the end of 2025, reported by Crypto Briefing.
Additionally, Ethereum ETFs open the door to the approval of exchange-traded funds indexed to other cryptocurrencies. VanEck and 21Shares both filed their approval forms for the first Solana spot ETFs in the United States in the last week of June.
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