Ethereum News by Thebittimes.Com

The $89.5 billion asset management firm VanEck has officially filed an S-1 for its Spot Ethereum ETF. The firm made the filing with the US Securities and Exchange Commission (SEC) on Monday in what is a critical part of the ongoing approval process for the ETH ETF. Bloomberg analyst Erich Balchunas noted that the action should be followed by several similar filings from issuers today. The only exception is Bitwise, who had filed their S-1 last week. The development has led many experts to predict the Ethereum investment product to go live in the next two weeks. JUST IN: VanEck officially files S-1 for its Spot Ethereum ETF. — Watcher.Guru (@WatcherGuru) July 8, 2024 Also Read: Solana: VanEck Says SOL ETF is More Likely if SEC Fires Gensler VanEck Files S-1 for Ether ETF The crypto market is headed toward a monumental moment, as Ethereum ETFs are near arrival. Approved earlier this year, the ETH investment offering will be the second crypto-based ETF in the United States. Now, a...

One of the biggest investment banks in the United States, VanEck , has seen its CEO predict that Bitcoin will reach at least half the market cap of gold. Indeed, Jan van Eck has recently discussed the digital asset, and the timeframe for what could be a monumental ascension. In an interview with Scott Melker, VanEck stated that the leading cryptocurrency may eventually reach a market cap of more than $7 trillion. That figure would be half of gold’s $15 trillion, representing a massive shift in BTC’s integration throughout the finance sector. JUST IN: VanEck CEO says #Bitcoin will eventually become at least half the market cap of gold. — Watcher.Guru (@WatcherGuru) June 4, 2024 Also Read: VanEck Launched Index To Monitor Meme Coins Like Shiba Inu, Dogecoin VanEck CEO Predicts $7T Market Cap for Bitcoin Throughout 2024, Bitcoin has been one of the most discussed assets in the finance sector. The US Securities and Exchange Commission (SEC) app...

Global investment manager VanEck ’s eagerly awaited spot ether exchange-traded fund [ETF] has been added to the Depository Trust and Clearing Corporation’s [DTCC] website. the DTCC, known for its post-trade clearance, settlement, custody, and information services, lists both active and pre-launch funds. JUST IN: VanEck Spot #Ethereum ETF has been listed on the DTCC under ticker $ETHV. pic.twitter.com/AQEhwYMmzu — Watcher.Guru (@WatcherGuru) May 21, 2024 Pending SEC Approval Despite the listing, VanEck ’s Ether ETF is not yet operational. The fund awaits approval from the U.S. Securities and Exchange Commission [SEC]. On the DTCC’s list, VanEck ’s spot Ether ETF is marked with the ticker “ETHV.” It is indicated as inactive under the create/redeem column. The DTCC said, “This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active (“pre-launch”) and, therefore, are not able to be processed at DTCC, unless and until such securitie...

Four potential spot Bitcoin ETF issuers have disclosed initial seed capital exceeding $10 million before the SEC decides on bids.  Per individual filings with the U.S. Securities and Exchange Commission (SEC), VanEck has outclassed BlackRock in direct investment into its spot Bitcoin ETF. VanEck has seeded its bid with $72.5 million.  Crypto investment firm Bitwise seeded its Bitcoin (BTC) ETF with $500,000 but noted an additional $200 million cash injection expected from Pantera Capital if the SEC approves applications.  BlackRock and Fidelity seeded their BTC funds with $10 million and $20 million, respectively. These disclosures were either made or fully confirmed in amended S-1 forms filed with the SEC on Jan. 8.  As crypto.news reported, these updated filings, which included S-3 forms from firms like Grayscale, also revealed the fees these issuers plan to charge. The GBTC provider fielded the most expensive fees at 1.5%, a shock to experts as its considerably highe...