Spot Ether (ETH) exchange-traded funds (ETFs) have gained approval and are set to launch around mid-June, pending S-1 registration statement approvals for trading commencement.
Bloomberg ETF analysts Eric Balchunas anticipate S-1 approvals within a few weeks, with a potential extension of up to five months in the process, and Eric Balchunas predicts a mid-June launch based on a two-week feedback process for spot Bitcoin ETFs.
VanEck swiftly filed its amended S-1 after 19b-4 approval, with others expected to follow. Yet, concerns arise about potential challenges from SEC Commissioners within 10 days.
Analysts forecast spot Ether ETFs to capture 10-20% of spot Bitcoin ETF flows, which reached $13.4 billion in net inflows over four and a half months. If realized, spot Ether ETFs could attract around $2.66 billion.
However, worries persist about outflows from Grayscale’s Ethereum Trust, holding over $11.3 billion. Eight applicants received approval, with Hashdex as the exception.
The market eagerly awaits further developments, anticipating significant impacts on cryptocurrency investment dynamics.
Also Read: SEC Starts Talks with Ethereum ETF Issuers on S-1 Forms
