Ethereum (ETH) Spot ETF: Will We See Movement This Week?
CryptoNewsTerminal Staff10 Jun, 2024
Ethereum (ETH) Spot ETF: Will We See Movement This Week?
The Securities and Exchange Commission (SEC) has been reviewing filings for Ethereum (ETH) spot exchange-traded funds (ETFs) and has asked applicants to submit amendments to their S-1 registration statements. According to Nate Geraci, CEO of ETF Store, "It will be interesting to see if there are any moves on the Ethereum (ETH) spot ETF front this week." Several ETF issuers, including VanEck, BlackRock, and Franklin Templeton, have already submitted their amended filings. Geraci previously stated that he anticipates a two to three-month timeframe for the SEC to approve an ETH spot ETF S-1. The SEC's approval of a spot ETF would provide investors with a more regulated and accessible way to invest in Ethereum. The launch of an ETH spot ETF could have a significant impact on the cryptocurrency market. It would provide investors with a new way to gain exposure to Ethereum without having to purchase the underlying asset directly. This could lead to increased demand for Ethereum and potentially drive up its price.
