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

According to BlockBeats, 10x Research CEO Markus Thielen said that the spot Ethereum ETF could be approved any time now and is expected to be launched next week. VanEck 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.

The general expectation is that the Ethereum ETF will attract approximately 15-20% ($14 billion) of the Bitcoin ETF’s funding volume, which is expected to reach $2.8 billion, so the market is ready for this approval.