According to a tweet from Bloomberg ETF analyst James Seyffart, in addition to Grayscale, Franklin, VanEck, Bitwise, 21Shares, Fidelity, BlackRock, and Invesco have all obtained approval from the U.S. Securities and Exchange Commission (SEC), and Ethereum spot ETF will be officially listed on 7/23!
Unsure if it means anything but the only funds from the Ethereum ETF race that don't yet have the official effective documents from the SEC are @Grayscale's $ETHE and $ETH. That said I'm still expecting them before trading tomorrow. Not sure what the holdup is? pic.twitter.com/mbVmhCvPmQ
— James Seyffart (@JSeyff) July 22, 2024
Seven Ethereum spot ETFs have been confirmed to be listed on 7/23
Seven Ethereum spot ETFs, including Franklin, VanEck, Bitwise, 21Shares, Fidelity, BlackRock’s iShares, and Invesco, have received approval from the U.S. Securities and Exchange Commission (SEC). The spot ETF will be officially listed at the opening of US stocks today!
Grayscale ETHE/ETH is still awaiting approval
The Grayscale Ethereum ETF (code: ETHE) and the mini Ethereum ETF (code: ETH) that participated in the application have not yet received formal approval from the SEC. Analyst Seyffart speculated that the spin-off will definitely be more complicated than the launch of a brand new fund. , maybe approval can be obtained in the early morning of the listing, so he still holds out hope for it before the transaction on 7/23.
The mini version of Ethereum ETF (code: ETH) applied by Grayscale automatically converts 10% of the assets of the original Grayscale Ethereum ETF (code: ETHE) into ETH. Analysts believe this may help ease Grayscale’s outflows.
ProShares, which had joined the fray before, was not on the approved list this time.
(BITO issuer ProShares officially joins the Ethereum spot ETF battle)
ETH drops to $3,400
Ethereum showed a downward trend on the eve of the listing of the Ethereum spot ETF, falling from yesterday morning's high of 3,562 to trading at $3,430 at the time of writing. Is it going to repeat the "sell the news" trend when the Bitcoin spot ETF was listed?
After the spot ETF was first listed for trading on January 11, Bitcoin fell from 48K to 38K on 1/23, and then started to rebound, and then rose to a record high of $73,777.
This article Ethereum spot ETF is officially launched on 7/23! Is ETH going to “sell the news”? First appeared in Chain News ABMedia.
