Spot Ethereum ETFs: Get Ready for a Potential Mid-June Launch!
Get ready for some exciting news! Spot Ethereum ETFs could be hitting the market as soon as mid-June. With the 19b-4 filings successfully completed, the next step is the approval of S-1 registration statements. Bloomberg ETF analysts are weighing in with their predictions: James Seyffart sees approvals in a few weeks, while Eric Balchunas is hopeful for mid-June. VanEck has already filed its amended S-1, and other applicants are expected to follow suit. There's a slight chance of an SEC Commissioner challenge, but it's unlikely. Market expectations are high, with spot Ether ETFs potentially capturing 20% of spot Bitcoin ETF flows. This could mean $2.66 billion in inflows! However, Grayscale Ethereum Trust might see outflows as investors switch. Regulatory approvals are in for eight applicants, including BlackRock and Fidelity. Plus, QCP Capital predicts a massive 60% ETH price rally following the approval. This is going to be huge!
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