Search Inside Bitcoins

Ethereum ETFs Could Start Trading In June After Blackrock Updates S-1 Filing

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Australia's first spot Ethereum ETF is about to be launched.
Australia's first spot Ethereum ETF is about to be launched.

Join Our Telegram channel to stay up to date on breaking news coverage

BlackRock updated a key regulatory filing, prompting speculation that spot Ethereum ETFs (exchange-traded funds) may start trading as early as next month.

The $10 trillion asset manager filed an updated S-1 form on May 29, almost a week after the US Securities and Exchange Commission (SEC) approved its iShares Ethereum Trust (ETHA) last week.

According to Bloomberg analyst Eric Balchunas, the other issuers could start submitting their S-1s soon, making a launch by the end of June a “legit possibility.”

Accelerated Approval Of Ethereum ETFs Is a “Long Shot”

But Balchunas said that an accelerated launch by mid-June was a “long shot.” He said the approval already portrayed the Biden administration as pro-crypto, and there was no reason to rush the launch.

The approval of Ether ETFs was seen mainly as an effort by the Democratic Party to woo millions of US crypto voters. Biden’s rival, Donald Trump, has come out as pro-crypto and promised to support the growth of the US crypto industry if elected.

Despite the hype around spot Ethereum ETFs, Balchunas says that if Ether could get 20% of the inflows attracted by spot Bitcoin ETFs it ”would be a huge win.”

He said he thinks that Ether ETFs will be seen as similar to silver in the precious metals market, with Bitcoin ETFs being gold and silver ETFs holding only a 15% market share.

“Many won’t feel the need to go beyond bitcoin/gold for their crypto/precious metals allocation,” he said.

Also Read:

Most Searched Crypto Launch - Pepe Unchained

Rating

Pepe Unchained
  • Layer 2 Meme Coin Ecosystem
  • Featured in Cointelegraph
  • SolidProof & Coinsult Audited
  • Staking Rewards - pepeunchained.com
  • $10+ Million Raised at ICO - Ends Soon
Pepe Unchained

Join Our Telegram channel to stay up to date on breaking news coverage

Read next