Why we can expect spot Ethereum ETF approval in early July

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Cryptodnes2024/06/26 01:28

By:Cryptodnes

Following the approval of Bitcoin (BTC) spot ETFs in the US, Ethereum (ETH) spot ETFs also received partial approval.

Approvals of the S-1 forms are still pending, which means the ETFs may not start trading right away, but that approval is expected by early July.

Bloomberg ETF analyst Eric Balchunas recently shared his views on the situation, adding that VanEck, whose spot Ethereum ETF application was approved, filed a Form 8-A as part of the approval process.

Balchunas noted that for Bitcoin ETF issuers filed Form 8-A just seven days before their launch. If the same schedule applies to the Ethereum ETF, it awaits the official startup to be on July 2.

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