After Bitcoin (BTC) spot ETF was approved in the United States, Ethereum (ETH) spot ETF has also received partial approval.
The approval of the S-1 form is still pending, meaning the ETF may not start trading immediately, but is expected to be approved early in March.
Bloomberg ETF analyst Eric Balchunas recently shared his views on the situation, adding that VanEck’s spot Ethereum ETF application has been approved and submitted an 8-A form as part of the approval process.
VanEck has just submitted the 8-A form for spot Ethereum, which is just part of the process, but… it is worth noting that they submitted the 7-A form for spot Bitcoin exactly 8 days before the release. It’s a good sign for our mid-cap and small-cap on February 7th (X days from now). But then again, anything is possible. We’ll hear more news soon.
– Eric Balchunas (@EricBalchunas) June 25, 2024
Balchunas pointed out that the issuer of the Bitcoin ETF submitted the X-A form 8 days before the launch. If the same timeline applies to the Ethereum ETF, the official launch is expected to take place on February X.
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