10x Research: Ethereum spot ETF is expected to be approved on July 2, and is expected to attract $2.8 billion in funds

Odaily Planet Daily News 10x Research CEO Markus Thielen wrote in X that the Ethereum spot ETF could be approved at any time now and is expected to be launched next week. VanEck's CEO met with US SEC officials on Monday and has submitted its Ethereum spot ETF application 8-A form. VanEck submitted the 8-A form seven days before the Bitcoin ETF was approved. Based on this time, it is speculated that the Ethereum ETF may be approved next Tuesday, July 2. VanEck's Bitcoin ETF asset management scale is $600 million. It is generally expected that the Ethereum ETF will attract about 15-20% ($14 billion) of the Bitcoin ETF's capital volume, which is expected to reach $2.8 billion (approximately the amount of open positions in Ethereum perpetual futures contracts increased since the relevant news was announced on May 20), so the market is ready for this approval.