VanEck Filed its Updated S-1 Application for Spot Ethereum ETF

Today marks a major milestone in cryptocurrency investing as VanEck officially filed its S-1 ETF application for Ethereum.

Although VanEck had already outlined its fee structure in previous discussions, this official filing is a procedural step that shifts responsibility back to the Securities and Exchange Commission (SEC), which must review the documents and potentially approve them.

First S-1 just rolled in today from VanEck.. they already had their fee so nothing to see here really, they just putting ball back in SEC’s court. Expecting the rest today except for Bitwise who did theirs last week. pic.twitter.com/gF6OZTKIrs

— Eric Balchunas (@EricBalchunas) July 8, 2024

The move is part of a broader wave of applications for the Ethereum ETF from various financial institutions.

Investors and market watchers are eagerly awaiting the filing of the other applications, which are expected later today, with the exception of Bitwise, which filed last week.

At the time of writing ETH is trading at $3,007 after a 10% price decline in the past 7 days.