đGood news! Markus Thielen, CEO of 10x Research, recently said that the Ethereum spot ETF may be approved soon and is expected to be launched next week. đ
The CEO of VanEck met with US SEC officials on Monday and submitted the 8-A form for the Ethereum spot ETF. đIt is worth mentioning that VanEck also submitted the 8-A form seven days before the approval of the Bitcoin ETF, so the Ethereum ETF may be approved next Tuesday, July 2. đź
VanEck's Bitcoin ETF asset management scale has reached US$600 million, and the Ethereum ETF is expected to attract about 15-20% (US$14 billion) of the Bitcoin ETF's capital volume, which is expected to reach US$2.8 billion. đ°This figure is approximately the amount of open interest in Ethereum perpetual futures contracts since the relevant news was announced on May 20. Therefore, the market is ready for this approval. đŻ
Although we remain neutral on the market, we are optimistic about the prospects of Bitcoin. đPlease continue to follow our news updates to learn more about global blockchain regulatory trends, industry trends, and cryptocurrency news! đ
