Tag: ETH ETF

One significant update to the Bitwise S-1 form is the waiver of the sponsor fee for the first $500 million in assets.

In their July 2 report, analysts from K33 Research, Vetle Lunde and David Zimmerman described the Ether ETFs as a "golden egg" for ETH.

VanEck has set a bold new price target for Ethereum’s native token, Ether (ETH), forecasting it to reach $22,000 by 2030. 

Analyst Eric Balchunas said that spot Ether ETFs will be approved around July 4, suggesting that an earlier approval would be a long shot.

The Grayscale Ether fund (ETHE), which currently holds an AUM of $11 billion, could experience outflows if it follows GBTC's pattern.

Michael Saylor said that ETH ETFs serve as an additional line of defense for Bitcoin, enhancing its legitimacy and stability.

The ad from VanEck quickly gained traction, amassing over 1,300 reposts and 312,000 views at the time of writing.

The approval of the Prometheum ETH custody service as a security, despite its disputed classification, has added fuel to the controversy.

The notice of withdrawal for the Grayscale Ethereum Futures Trust was filed with the SEC on May 7, marking an unexpected turn in the process.

The decision on spot ETH ETF filing by VanEck is scheduled for May 23, along with several other pending applications from major players.

Bitwise CIO expressed concerns about the readiness of the market for a spot Ethereum exchange-traded fund (ETF).

Bitwise is not alone in its pursuit of a spot ETH ETF, other firms like Fidelity, Hashdex, and ARK 21Shares are also awaiting SEC's approval. 

In a notice, the SEC stated that it needed additional time to evaluate the proposed rule change, highlighting the complexity of the matter.