Bloomberg ETF analyst Eric Balchunas predicts July 18 as the launch date for a spot Ethereum ETF. This prediction comes after the Securities Exchange Commission (SEC) issued amendments to S-1, requiring companies to update their registration statements and file their applications. Balchunas noted the latest changes in the filings as minimal, saying there was "nothing to see here" in the first two filings.
VanEck kicked off the wave of amendments by filing an updated registration statement for its spot Ethereum ETF, changing the product name to The VanEck Ethereum Trust. This was followed by 21Shares, which also filed a new registration for its spot Ethereum ETF.
Grayscale also followed the trend with two amended filings: one for the $28 billion Grayscale Ethereum Trust and another for a more cost-effective âminiâ version of the trust. Franklin Templeton, Fidelity, and BlackRock also filed amended registration statements for their respective spot Ethereum ETFs.
Despite the update, there were no filings Monday disclosing planned fees for the ETF. Balchunas mentioned that the SEC has not yet requested this information, suggesting that a final round of updates, including cost details, will precede the launch, after which "it's time to act." đ
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