HomeEthereum UpdatesExperts Confirm July 2 Date for ETH ETF Amendments Despite Influx of...

Experts Confirm July 2 Date for ETH ETF Amendments Despite Influx of Changes

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Ethereum ETF Issuers Make Last-Minute Changes in Search of SEC Approval

Several Ethereum ETF Issuers Make Vital Amendments in Anticipation of SEC Approval

As the crypto community eagerly awaits the SEC’s decision on Ethereum ETF trading, several issuers have made significant changes to their S-1 filings. The amendments, which include details on seed capital and fees, come as experts stick to their predictions of the expected approval date.

In a surprising move in May, the SEC approved 19b-4 forms from spot Ethereum ETF applicants, paving the way for potential trading approval. Now, issuers such as 21Shares, BlackRock, Fidelity, and VanEck have scrambled to make last-minute adjustments to their filings in anticipation of the SEC’s green light.

Among the latest amendments, 21Shares, BlackRock, and Fidelity disclosed their seed capital amounts, while VanEck’s filing left the seed capital details ambiguous. Additionally, VanEck revealed its fees, currently set at 0.20%, prompting speculation about fee competition among issuers.

Renowned Bloomberg ETF Analyst Eric Balchunas praised VanEck’s low fees, suggesting that it could influence other issuers to keep their fees competitive. Balchunas also reiterated his prediction of a July 2 approval date for Ethereum ETFs, citing light comments on S-1 filings as a potential indicator of an expedited approval process.

While experts believe that Ethereum ETFs may not attract as much inflow as Bitcoin ETFs, the recent flurry of amendments to S-1 filings indicates that the debut of these products is imminent. With the crypto community eagerly anticipating the launch of Ethereum ETFs, the stage is set for a potential game-changer in the world of crypto investments.

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