Expectations for the start of spot Ethereum ETF trading are becoming increasingly positive and experts are of the opinion that it is only a matter of time until final approval.
Bitwise, one of the potential issuers of the Ethereum ETF, has amended its S-1 filing and submitted it to the U.S. Securities and Exchange Commission (SEC), according to Bloomberg analyst Eric Balchunas.
Those corrections were sent earlier than expected, as it was supposed to happen by July 8.
Balchunas, and many others, wonder why the SEC was so slow to approve the S-1 filing, especially given the minimal adjustments the agency requested from issuers.
It could be that one of the issuers is delaying the process, or it could ultimately be a problem within the U.S. regulator’s administration – however, all indications ultimately point to approval as early as this month.
At the time of writing Ethereum is trading for $3,725 after a 4.26% correction over the last 24 hours and $14.6 billion in trading volume.
Uphold, a digital finance platform known for its crypto-friendly services, is taking new steps that could reshape how XRP holders earn passive income.
The PI token has suffered a steep decline, dropping to $0.61 after falling over 22% in just one week.
Two asset managers are preparing to introduce a new class of cryptocurrency investment products that combine traditional exchange-traded fund (ETF) structures with staking income from Ethereum and Solana holdings.
Institutional interest in Ethereum is clearly picking up—at least on paper. Spot Ethereum ETFs have seen nine straight days of net inflows, with BlackRock’s ETHA and Fidelity’s FETH leading the charge.