Ethereum
Ethereum ETFs imminent after S-1 amendment (Cryptocurrency: ETH-USD)
Liliya Filakhtova
Seven financial firms are considering exchange-traded funds linked to Ethereum (ETH-USD) amended its S-1 filing on Friday, raising hopes of an imminent launch of the first set of ETFs tied to the second-largest cryptocurrency.
According to the industry CryptoSlate postFranklin Templeton, VanEck, Invesco Galaxy, BlackRock (BLACK), 21Shares, Grayscale and Fidelity filed updated S-1 documents for their respective funds, while Bitwise did not amend its registration statement.
Among the eight potential issuers, Franklin Templeton and VanEck announced their ETF fees at 0.19% and 0.20%, respectively.
The filings mark a key milestone in product launches after the SEC cleared Ethereum (ETH-USD) ETF in May in response to applications from companies, including Nasdaq (NDAQ), intercontinental trade (ICE) NYSE and Cboe Global Markets (CBOE).
Once the amended filings are complete, crypto investors will eagerly await possible final approval from the SEC to allow the launch, which Bloomberg ETF analyst Eric Balchunas says could happen as soon as July 2. Ball in the SEC court now,” he wrote on X.