21Shares Files Updated S-1 Application for its Spot Ethereum ETF

Crypto investors are eagerly waiting for the approval of spot Ethereum ETF applications, which will mark the official start for trading these crypto investment products.

Moments ago 21Shares filed the updated S-1 application for their spot Ethereum ETF:

21Shares spot eth ETF S-1 amendment posted…

No fee. pic.twitter.com/pe5nagqMQl

— Nate Geraci (@NateGeraci) July 8, 2024

This is the second company to do so today after VanEck filed their corrections a couple of hours ago.

Reportedly, the forms were returned with minor remarks and issuers were given until July 8 to rectify and resubmit them.

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Experts believe that the applications will be approved by the end of the week, marking a new era for cryptocurrency trading.

At the time of writing Ethereum is trading at $2,980 with no significant price swings within the past hour. The top altcoin, however, registered at 14% decline on the weekly chart, following Bitcoin’s sell-off.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.