Those receiving SEC approval include 21Shares, Bitwise Asset Management, BlackRock, Invesco, Franklin Templeton, Fidelity Investments and VanEck. ProShares is not listed as a company because it has not made final changes to Form S-1.
Stock tickers for funds:
ETHA: iShares Ethereum Trust ETF (BlackRock fund)
CETH: 21Shares Core Ethereum ETF
ETHW: Bitwise Ethereum ETF
FETH: Fidelity Ethereum Fund
EZET: Franklin Ethereum Trust
WHEEL: Invesco Galaxy Ethereum ETF
ETHV: VanEck Ethereum ETF
ETHE: Grayscale Ethereum Trust
ETH: Grayscale Ethereum Mini Trust
Bloomberg Intelligence senior analyst Eric Balchunas said that while staking and an in-kind redemption option are not included in the proposals, they could be introduced after the inauguration of the new US president.
Balchunas believes that ETH-ETFs will be able to attract $5 billion over the next twelve months. At the same time, experts at Wintermute predict that new exchange-traded products will be able to attract up to $4 billion within a year, and the Ether rate will increase from its current level by 24%.
Recall that the investment fund Grayscale transferred 292,000 ETH ($1 billion) to the Coinbase (NASDAQ:COIN) Prime exchange a day before the launch of the Ethereum ETF.
Earlier, Valentin Fournier, an expert at the consulting company BRN, said that the Ether rate would experience pressure from sellers after the start of ETH-ETF trading.
