Senior Bloomberg ETF analyst Eric Balchunas has highlighted VanEck’s recent filing of form 8-A for its spot Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), indicating the ETF is edging closer to trading live.
On June 25, VanEck took a significant step towards launching its spot Ethereum ETF by submitting form 8-A to the SEC. This filing has led Eric Balchunas to suggest that the ETF could be ready for trading as soon as July 2, 2024. Balchunas based his speculation on VanEck‘s previous 8-A filing for its Bitcoin ETF, which was submitted just a week before the fund started trading.
Anticipation Builds
Earlier in June, Balchunas had predicted an early July launch window for the Ethereum ETF. This prediction was based on the absence of substantial commentary from SEC staff regarding the ETF applicants’ S-1 filings. The lack of significant feedback indicates that the SEC may not have major concerns with the ETF proposals, potentially speeding up the approval process.
Balchunas also mentioned that the approval of the Ethereum ETFs was unexpected and could be influenced by political factors from the current administration.
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