🔥🔥Spot Ethereum ETF Launch Anticipated on July 18, 😮Bloomberg ETF Analyst🔥🔥

Bloomberg ETF analyst Eric Balchunas predicted that July 18 is the likely launch date for the spot Ethereum ETF. This follows the SEC’s issuance of S-1 amendments, requiring companies to update their registration statements and submit applications.

Minimal Changes in Latest Filings:

Balchunas noted that the recent amendments filed by asset managers made minimal changes, with "nothing to see here" in the two earliest filings. The SEC requested the S-1s on July 8 but did not yet require fee details, which will be added later.

Wave of Amendments by Major Firms:

On Monday, VanEck submitted an updated registration statement for its spot Ethereum ETF, now named The VanEck Ethereum Trust. This was quickly followed by 21Shares and Grayscale, which filed amended registrations for their own spot Ethereum ETFs. Grayscale's filings included updates for both its large $28 billion Grayscale Ethereum Trust and a cost-effective “mini” version. Franklin Templeton, Fidelity, and BlackRock also filed amendments.

Omissions and Regulatory Compliance:

None of the filings disclosed planned fees for the ETFs, as the SEC has not mandated this information yet. Balchunas expects a final update with fee details before the launch. VanEck's filing removed specific regulatory language regarding custody, reflecting changes similar to those made by Bitwise the previous week. 21Shares added disclosure language about the SEC's regulatory efforts.

Grayscale’s “Mini” Ethereum ETF and Staking Clarifications:

Grayscale's "mini" Ethereum ETF clarified that no Ethereum in the product would be staked. None of the applications before the SEC include plans for Ethereum staking, and some have removed related language preemptively.


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