According to the latest news from Golden Finance, Markus Thielen, CEO of 10x Research, revealed on the X platform that the CEO of VanEck has recently met with the U.S. Securities and Exchange Commission (SEC). VanEck submitted Form 8-A seven days before its Bitcoin ETF was approved. Based on previous experience, it is expected to obtain approval for the Ethereum ETF next Tuesday, July 2. VanEck's Bitcoin ETF currently manages assets of $600 million.

The market generally expects that the Ethereum ETF will attract about 15-20% of the funds of the Bitcoin ETF, or about $14 billion. This means that the size of the Ethereum ETF may reach $2.8 billion, a figure roughly equal to the increase in open interest in Ethereum perpetual futures since May 20. The market is fully prepared for this approval.