Ethereum
Spot Ethereum ETFs Could Launch Next Week, Minor Issues Remain: Report
The U.S. Securities and Exchange Commission (SEC) could approve the latest changes to Ethereum spot ETFs by July 4, as discussions between asset managers and regulators reach their final stages.
Speaking with several industry insiders, Reuters observed that eight asset managers, including BlackRock, Franklin Templeton and Grayscale Investments, are nearing the final stages. Many of these companies have launched spot operations Bitcoin ETF in January, after a decade of battling with regulators, Grayscale once again aims to convert an existing trust into an ETF.
Ethereum ETFs ready for July
Executives of two of the companies involved are said to have said Reuters that the process of finalizing the documents has progressed considerably and that only “minor” issues remain to be resolved, which must get the green light before the funds arrive.
According to another lawyer, approval is “probably not more than a week or two away.”
The latest timeline matches that of Bloomberg ETF analyst Eric Balchunas. revelation Earlier this month, he suggested that the Ethereum spot ETF could be approved before the US July 4 holiday, potentially before July 2.
Despite much speculation about the launch date, the SEC and its chairman Gary Gensler have remained extremely tight-lipped. In this week’s Bloomberg interviewGensler expressed optimism that these investment vehicles would be approved, but declined to offer a specific timeline. He suggested that the funds could go live sometime this summer.
Last month, the regulatory watchdog approved Forms 19b-4. Currently, the SEC and issuers are working on S-1 filings, which must be approved before these products can begin trading.
Ethereum ETFs Could Attract $15 Billion in 18 Months
According to Bitwise predictionEthereum spot ETFs are expected to attract over $15 billion in net inflows in their first 18 months in the U.S. market.
Bitwise CIO Matt Hougan based his estimate on Bitcoin ETF data and Ethereum’s market size relative to BTC. Currently, the world’s largest digital asset has a market cap of around $1.26 trillion, while Ethereum’s is $432 billion, giving a 3:1 ratio.
Nearly $56 billion of Bitcoin’s total market cap is invested in U.S. spot Bitcoin ETFs, a figure that Hougan predicts is expected to reach $100 billion by the end of 2025.