Firms Update S-1 Ethereum ETF Filings
Whales Buy $76 Million In LINK, $1M Bug Bounty Program For 'Firedancer' Solana Client To Begin
VanEck, Grayscale, BlackRock, 21SHares, Franklin, and Fidelity have updated their S-1 registration filings for their Ethereum ETF applications.
Bitwise updated its S-1 filing last week that included a 6-month up-to-$500M fee waiver plan but no launch date, and Invesco Galaxy has not updated its S-1.
The crypto community is getting ever more optimistic about the SEC's approval of Ether ETFs as the majority of asset managers update their filings.
Bloomberg's ETF analyst Eric Balchunas said that there is no launch timeline yet because the SEC's "game plan" is unclear. But he speculated about July 18th as the date.
The SEC requested the updated forms yesterday but said that the fee inclusion wasn't necessary yet. More guidance from the agency is likely to appear soon.
Bloomberg's analysts initially predicted the week of July 15th, but right now the timeline seems uncertain.
However, this is still a major development following the SEC's approval of the firms' 19b-4 forms.
Many believe that the approval of Ether ETFs can help provide a clearer regulatory landscape for crypto as a whole
The recent Solana ETF applications are also gaining traction.
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