After the approval of spot Bitcoin ETF in the USA, there was also approval for spot Ethereum ETFs.
At this point, S-1 approvals are also awaited so that ETH ETFs may not start trading, and this approval is expected to come in early July.
A new post came from Bloomberg ETF analyst Eric Balchunas on this subject.
VanEck, whose spot Ethereum ETF application was approved, filed Form 8-A for the spot Ethereum ETF, which is just one part of the process, Balchunas said.
Comparing BTC ETFs and Etherum ETFs through Form 8-A, the Bloomberg analyst 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.
“VanEck just filed form 8-A for its spot ETH ETF and this is just part of the process.
However, it should be noted that they submitted the 8-A form for spot Bitcoin exactly 7 days before the launch.
Accordingly, July 2 (7 days from now) is a good sign. But still, anything can happen. Of course we'll hear more soon.”
*This is not investment advice.