Ethereum ETFs Launch Next Month ‘Definitely Possible’ – Analyst

The newly approved spot Ether (ETH) exchange-traded funds could launch as early as mid-June – if the US securities regulator follows the same timeline as the spot Bitcoin ETF process.

Spot Ether ETFs received the green light for their 19b-4 filings today, allowing the funds to be listed on their respective exchanges. However, applicants first need an approved S-1 filing statement to start a business.

Bloomberg EFF analyst James Seifert said S-1 approvals could come in “a couple of weeks,” but the process “could take longer,” usually up to five months.

However, Bloomberg ETF analyst Eric Balchunas said: “Mid-June is definitely possible.[ible]He said.

Balchunas expects there to be only one round of comments for the S-1 amendments, similar to how the SEC provided feedback to spot bitcoin ETF applicants.

He pointed out that the process took about two weeks and announced that it was expected to arrive in mid-June.

“Just speculation. We'll see,” stressed Balchunas.

Soon after VanEyck's revised S-1 19b-4 is approved, other filers are expected to follow suit.

However, Delphi Labs general counsel Gabriel Shapiro said the SEC's approval could be challenged by a “delegated authority” — one of the SEC's five commissioners — within the next 10 days.

Digital property lawyer Joe Carlassare told Cointelegraph that such a test could theoretically happen — “but it won't.”

They did not pass him through the trade and market without knowing that no commissioner had objected.

Seifert does not seem to be opposed to this view, saying that decision-making with a delegated body is “the norm”, requiring an official vote for every decision and every document “would be madness”. Anything about the endorsements.”

Related: SEC's ETF Ruling Means ETH and ‘Many' Other Tokens Are Not Securities

Should the S-1s be signed, Seifert expects the spot Ether ETFs to see 20% of the flows Bitcoin ETFs will see, while Balchunas puts a smaller estimate in the 10-15% range.

According to Farside Investors, spot bitcoin ETFs have raised $13.3 billion in net income since the products launched nearly four and a half months ago.

Holding 20% ​​of that would still see Ether ETFs position $2.66 billion over the same time frame.

Some are concerned that the Ether ETF market could see massive inflows from the morphed Grayscale Ethereum Trust into a spot ETF form, similar to the firm's morphed Bitcoin investment product.

According to data obtained by Arkham Intelligence, more than $11.3 billion is locked up in the Grayscale Ethereum Trust.

VanEyck, BlackRock, Fidelity, Greyscale, Franklin Templeton, ARK 21Shares, Bitwise and Invesco Galaxy were the eight applicants that received regulatory approval on May 23.

Hashdex was the only ETF issuer that did not receive regulatory approval that day.

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