While the cryptocurrency world is waiting for Bitcoin Spot ETF applications to be approved by the SEC, Wall Street companies continue to make Ethereum Spot ETF applications one after another.
In the development that took place late at night today, we, as Bitcoinsistemi.com, reported that Fidelity, which manages 4.5 trillion dollars of assets, applied for ETH Spot ETF.
With Fidelity's application, the number of ETH Spot ETFs awaiting review by the SEC has increased to seven. Bloomberg analysts think that if Bitcoin Spot ETFs are approved by the SEC, the likelihood of ETH Spot ETF approvals will also become quite strong.
Bloomberg cryptocurrency expert James Seyffart said in his statement that there is a 90% chance of Bitcoin Spot ETFs being approved by the SEC by January 10, 2024. In Ethereum, the deadlines for approval of ETH Spot ETFs, if realized, appear to be towards mid-2024.
In his last post, James Seyffart shared the next decision dates and final decision dates of the existing ETH Spot ETFs by the SEC. The SEC may decide to accept, reject or postpone on dates other than the final date. Here is the calendar shared by the analyst.
(ETF Name – Next Decision Date – Final Decision Date)
VanEck Ethereum ETF 25/12/23 23/5/24
ARK 21Shares Ethereum ETF 26/12/23 24/5/24
Hashdex Nasdaq Ethereum ETF 17/1/23 30/5/24
Grayscale Ethereum Trust 6/12/23 18/6/24
Invesco Galaxy Ethereum ETF 24/12/23 6/7/24
iShares Ethereum Trust 13/1/24 26/7/24
*This is not investment advice.
