All eyes are on early July while awaiting S-1 approvals from the SEC for spot Ethereum ETFs to begin trading.
At this point, while senior analysts point to the beginning of July for ETH ETFs, an important move that raises the competitive bar came from VanEck, one of the issuing companies.
VanEck, which filed Form 8-A for its ETH ETFs yesterday, 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.
VanEck's head of digital assets, Matthew Sigel, gave clues about VanEck's Ethereum ETF strategy in his statement.
Accordingly, Sigel said, “As VanEck, we aim to be the leader in crypto ETF fees, even if this waiver means VanEck loses money initially.” 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 Balchunas compared spot Bitcoin ETFs and Ethereum ETFs on Form 8-A and pointed out that the issuing companies submitted Form 8-A only 7 days before the BTC ETF launch.
If the same process as the Bitcoin ETF launch works for Ethereum ETFs, Eric Balchunas said he expects spot Ethereum ETFs to launch on July 2.
As you may recall, last May the SEC approved 19b-4 forms for eight spot ETH ETFs. However, the SEC must also approve S-1 filings before trading can begin.
*This is not investment advice.
