F2Pool Co-Founder Predicts U.S. SEC Approval of Spot Ether ETF in Early June
CryptoNewsTerminal Staff24 May, 2024
F2Pool Co-Founder Predicts U.S. SEC Approval of Spot Ether ETF in Early June
F2Pool's co-founder Mao Shixing, also known as Discus Fish, has shared a possible timeline for the Securities and Exchange Commission (SEC) approval of a spot Ether (ETH) exchange-traded fund (ETF) via Twitter. Possible Timeline: - Early June: The SEC approves an S-1 registration statement for an ETH spot ETF. The approval should happen at least two weeks after the Form 19b-4 is accepted, which was on May 23. - Mid-June: Trading could begin immediately after the S-1 is approved or within a few days. - June to December: Retail investors are expected to make up the majority of initial inflows. However, institutional participation may be slow, and there may be some selling pressure due to investors cashing out of Grayscale's Ether investment trust (ETHE). - Beyond December: Over time, institutional investors are expected to gradually enter the market.
