10x Research CEO: Ethereum ETF will attract about 15-20% of the Bitcoin ETF's capital volume, which is expected to reach $2.8 billion

According to TechFlow, 10x Research CEO Markus Thielen said that the Ethereum spot ETF could be approved at any time now and is expected to be launched next week. VanEck CEO met with US SEC officials on Monday and has submitted its Ethereum spot ETF application Form 8-A.

VanEck submitted Form 8-A seven days before the Bitcoin ETF was approved. Based on this time, it is speculated that the Ethereum ETF may be approved next Tuesday, July 2. VanEck's Bitcoin ETF asset management scale is $600 million.

The consensus expectation is that the Ethereum ETF will attract around 15-20% ($14 billion) of the Bitcoin ETF’s volume, with an estimated $2.8 billion (roughly the amount of open interest in Ethereum perpetual futures contracts increased since the announcement on May 20), so the market is ready for this approval.