Been Waiting for VanEck's Bitcoin ETF Wait another 45 Days

After BTC ETF Frenzy, ETH ETF’s Join the Frenzy As Well

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  • Six entities have filed applications with the SEC for Ethereum (ETH) futures-based Exchange-Traded Funds (ETFs), following the recent wave of Bitcoin spot ETFs.
  • The rush to launch Ethereum spot ETFs has sparked interest in the crypto community.
  • Volatility Shares was the first to file for an Ether ETF on July 28, followed by Bitwise, VanEck, Roundhill, ProShare, and Grayscale within 24 hours.
  • The SEC has historically been hesitant to approve ETF applications linked to ETH futures contracts.
  • If the SEC does not reject the recently submitted Ether ETF proposals, a new era in crypto investment could emerge, with potential ETF launches happening 75 days after the filing date.
  • Volatility Shares, having filed on July 28, may potentially launch its Ether ETF on October 12.
  • Despite the growing number of ETF applications, the absence of regulatory approval has kept ETH prices moving sideways, currently standing at $1,856.
  • Market participants are closely watching for a potential breakout from Ethereum’s current price range, which could signal a shift in sentiment and potentially lead to a sustained upward trend.

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