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.
A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.
XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]
A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.
A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.