Latest News on Ethereum (ETH) ETFs: Towards a New Bull Run?

SEC is at the center of the wait for Ethereum (ETH) spot ETFs: Latest News 

As expected, Ethereum ETFs are considered to be the spark of a new bull run, but the approval of the SEC is crucial.

Regulators, traders, and investors are eagerly awaiting the release of the S-1 form for spot Ethereum ETFs, which is expected to be released over the weekend.

Today, entities that have applied for ETH ETFs, including BlackRock, 21Shares, Fidelity, and Grayscale, will submit the S-1 form to the SEC after making the required amendments.

The issuance of Bitcoin spot ETFs dominated the first half of 2024. Now, the attention has shifted to Ethereum ETFs.  

Asset management company Bitwise recently updated its S-1 registration document with the Securities and Exchange Commission (SEC) to list and trade shares of the ETH ETF.

Bitwise CIO Matt Hougan predicts that the ETH ETF will attract at least $15 billion in net flows by 2025. Hougan specifically pointed out the following points: 

Currently, Ether has recovered slightly from last week's decline and is trading at around $3,042. The price has risen 0.7% in the past 24 hours, but is still 12.2% lower than seven days ago.

Standard Chartered Bank gave a more optimistic forecast. Specifically, after the Ethereum spot ETF is approved, it may bring in up to $45 billion in inflows in the first 12 months. By the end of 2024, the price of ETH may reach $8,000.

#美国大选如何影响加密产业？ #美国6月非农数据高于预期 #币安合约锦标赛