21Shares officially registered its investment product as the company prepares to launch it. updated S-1 form Spot Ethereum ETF. This is the second crypto fund to do so, after asset manager VanEck’s updated S-1 Being filed today earlier.
All eyes now are focused on the US Securities and Exchange Commission. Many experts have predicted that the ETH ETF will launch soon after amending their filings. within the next two weeks. The market also expects that all other issuers will follow 21Shares’ and VanEck’s lead in filing updated documents.
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21Shares Submits Update S-1 to ETH ETF as Second Issuer
In 2024, two ETFs based on crypto-currencies were approved in an important year for crypto. 21Shares is the second potential issuer who has updated its S-1 form to launch its Spot Ethereum ETF.
VanEck amended its filing today. Moreover, Bloomberg analyst Eric Balchunas He expects all to follow Bitwise, who filed the document last week. Balchunas says the ball has now been passed to Bitwise. “back in the SEC’s court.”
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ETF expert Nate Geraci The updated filings have altered the timeline of the ETH product going live. According to the co-founder at the ETF Institute, the products would launch on the 15th of July. Subsequently that note notes that the SEC may approve recent filings over the next few weeks.
Ethereum is already feeling the effects of anticipation. The asset broke the $3,000 threshold earlier today. The trading volume of the token has soared 116% in just one day, as reported by CoinMarketCap. It is anticipated that the arrival of Spot ETF will bring about an explosive rally for this asset.
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Source: watcher.guru
