VanEck is not the only asset manager trying to lure investors into the queue for its Ethereum ETF. Franklin Templeton announced that it would forgo its sponsor fee for six months or until its spot ETH fund reaches $10 billion, at which point it’ll start charging a 0.19% fee.
VanEck made a forecast that the price of ETH would reach $22,000 by 2030 and dubbed Ethereum “digital oil earlier this month. But there's still no word on when exactly trading will begin, Yesterday, during a Bloomberg Invest Summit, Securities and Exchange Commission (SEC) Chairman Gary Gensler commented that the approval process for U.S. spot Ethereum ETFs is going smoothly.
The SEC chair had previously stated that U.S. spot Ethereum ETFs will start trading sometime during the summer.
Interestingly, VanEck filed an 8-A form with the U.S. regulator yesterday. This led many to speculate that U.S. spot Ethereum ETFs are one week away, as previously Bitcoin spot ETFs started trading exactly one week after fund houses had submitted their 8-A form with the SEC.
#ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #FranklinTempleton #ETHETFsApproved