The last moment for Ethereum ETF to pass‼ ️
The Ethereum spot ETF in the United States is just one step away. On July 18, the issuers of Ethereum spot ETFs in the United States have successively submitted S-1/A documents to the SEC. Currently, 9 of the 10 ETFs have announced their fees, and only Proshares ETF has not announced them.
In addition, many ETH holders are angry because the Grayscale Ethereum Trust's 2.5% fee maintains its high fee structure for Bitcoin ETFs. However, Grayscale subsequently submitted a revised S-1 document, reducing the fee rate of its Ethereum Mini Trust (code ETH) from 0.25% to 0.15%.
Grayscale also changed the details of the fee reduction: initially similar to BlackRock, the fee was reduced to 0.12% for 12 months, but now the fee has been reduced to 0% for 6 months. At present, the Ethereum ETF may be just one step away from approval. According to CoinDesk, two industry sources said that SEC staff suggested that they submit final revised documents by Wednesday, and the application may be deemed effective (essentially approved) on Monday, and trading will begin on Tuesday.
The previous issuance of Bitcoin ETFs was the most successful in the history of the ETF market, with nine new products attracting about $6.6 billion in assets in the first three weeks of trading. As of the end of June, these ETFs had attracted net inflows of $33.1 billion.
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Martin Leinweber, digital asset product strategist at MarketVector Indexes, said he expects inflows into the new Ethereum ETF to be more moderate and Ethereum prices to be more volatile because Ethereum's market size and trading volume are relatively small relative to Bitcoin, which hit a new high after the ETF was approved.
