Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETF:
Bloomberg• Объект бренды » Бренды на b » Bloomberg Analyst Extends Deadline
For Launch
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETF: Bloomberg• Объект бренды » Бренды на b » Bloomberg Analyst Extends Deadline For Launch
by Semilore Faleti
14 mins ago
in ETF
0
Bloomberg• Объект бренды » Бренды на b » Bloomberg analyst Eric Balchunas has shifted his projected deadline for the
launch of Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETFs in the United States• Соединённые Штаты Америки (США). This development comes
following comments by the US• Экономика » Финансы » Платежные средства » Доллар США Securities and Exchange Commission on the second
round of S-1 forms submission.
Related Reading: Green Light Ahead For Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETF, States SEC Chair Gensler
S-1 Forms Receive Late Response From SEC Details
In May, the SEC abruptly approved the 19b-4 filings from eight prospective
issuers of the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum spot ETF, clearing the first step for the eventual
introduction of these investment funds. In line with US• Экономика » Финансы » Платежные средства » Доллар США regulations, the
Commission is also expected to greenlight the S-1 forms of these proposed ETFs
before trading can commence. For context, the S-1 forms contain information on
an ETF’s investment objectives, strategies, risks, fees, etc.
Following the initial submission of all draft S-1 forms on May 31, the SEC
responded quickly with comments described as “pretty light” with all issuers
ordered to turn in the requested amendments within a week.
Based on the speed of operation, Eric Balchunas postulated the Commission to
quickly clear the approval of these forms selecting July 2 as a potential
launch date of the Ether spot ETF. However, the SEC has notably responded late
on its second round of comments although with requests also described as
“light tweaks .
Following this development and the fast-approaching US• Экономика » Финансы » Платежные средства » Доллар США Thanksgiving holiday
which will allow little work to be done next week, Balchunas predicts work on
the S-1 forms to resume on July 8, and approval to come shortly after.
Unfort think we gonna have to push back our over/under till after holiday.
Sounds like SEC took extra time to get back to ppl this wk (altho again very
light tweaks) and from what I hear next wk is dead bc holiday = July 8th the
process resumes and soon after that they’ll launch… https://t.co/0ZQR7yiBLt
— Eric Balchunas (@EricBalchunas) June 28, 2024
It is worth stating that, unlike the 19b-4 forms, the S-1 forms have no fixed
deadline with approval solely hinging on the SEC’s satisfaction with the
issuers’ proposed terms. Earlier in June, the SEC Chairman Gary Gensler had
stated this process could “take some time” saying that approval will largely
depend on the applicants’ responsiveness to the Commission’s comments.
Related Reading: Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETF: Experts Weigh In On ETH Selling Point
Post-ETF Approval
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETFs Tipped To Quickly Hit $1 Billion Inflows
In other news, investors and analysts have continued to remain bullish on the
potential performance of the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Spot ETFs when they eventually commence
trading. In an X post on June 28, Charles Yu, Vice President of Research at
Galaxy Research has backed these funds to receive at least 20-50% of the
demand seen in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin counterparts. ETH trading at $3.366 on the daily chart
| Source: ETHUSDT chart on Tradingview.com
With total Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Spot ETF inflows estimated at $15 billion, Yu predicts the
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETFs to record $1 billion in monthly flows for the first 5 months of
trading. In addition, Charles Yu expects Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum to show a higher price
sensitivity to these inflows due to various reasons including a lower net
inflation and lower supply percentage on exchanges.
Featured image from Space.com, chart from Tradingview