Key Points
- Bloomberg’s analyst reiterates the prediction that Ethereum ETFs could see a launch around July 2.
- VanEck just filed an 8-A form for its ETH ETF.
According to the latest reports coming from Bloomberg’s analyst Eric Balchunas, Ethereum ETFs could see a launch in the US around July 2. This prediction has been reiterated by the analyst following the latest VanEck move.
Balchunas said in a recent post on his X account, that VanEck has submitted its 8-A form with the SEC for an Ethereum ETF.
He reminded followers that VanEck filed its 8-A for the spot Bitcoin ETF exactly 7 days before the launch of the crypto products in the US.
Balchunas sees this as a good sign for his initial prediciton that ETH ETFs could be launched in the US around July 2 which is seven days from now.
However, he also said that anything is possible, and soon, we will know more.
He also shared the filing that VanEck submitted with the SEC.
All spot Ethereum ETF S-1 amendments are in
On June 22, VanEck submitted its 4th amendment to the S-1 form necessary for the approval of an Ethereum ETF. Back then, Balchunas noted that the fee would be 0.20% which is close to Franklin Templeton’s fee of 0.19%.
BlackRock‘s second amendment to the S-1 form for an Ethereum ETF was also revealed by Balchunas, and there is no fee posted. However, the firm did report a seed of $10 million.
Balchunas said that the ball is in the US SEC’s court.
On June 22, Bloomberg’s James Seyffart was also noting that all the spot Ethereum ETF S-1 amendments were in.
The firms include Bitwise, Fidelity, 21Shares, Grayscale, Franklin, VanEck, iShares, & Invesco. He wrote that the known fees so far are Franklin (0.19%) and VanEck (0.20%).
He also said now, all people have to do is wait for the SEC’s decision.
Regarding ETH‘s price today, at the moment of writing this article, the coin is trading above $3,360 in a very volatile market. The coin is up by over 1% today.
