Anticipated Launch of Spot Ether ETFs
After the successful 19b-4 filings for spot Ether ETFs, which allow them to be listed on exchanges, the next step is to obtain approved S-1 registration statements before trading can commence. According to Bloomberg ETF analyst James Seyffart, the S-1 approvals could be granted in a “couple of weeks,” with the possibility of a mid-June launch, as suggested by analyst Eric Balchunas who believes that a mid-June launch is certainly possible.
- VanEck, one of the applicants, swiftly filed its amended S-1 shortly after receiving approval for the 19b-4 filings, while other applicants are expected to follow suit soon.
- However, Gabriel Shapiro, general counsel at Delphi Labs, highlights the possibility that one of the five SEC Commissioners could challenge the approval within the next 10 days.
- Digital asset lawyer Joe Carlasare believes that a challenge is unlikely, indicating no opposition from the Commissioners based on the approval process.
Regarding market expectations, Seyffart predicts that spot Ether ETFs could attract approximately 20% of the flows that spot Bitcoin ETFs have seen. Balchunas, on the other hand, offers a more conservative estimate of 10-15%.
Since the launch of spot Bitcoin ETFs approximately four and a half months ago, they have accumulated $13.3 billion in net inflows. Capturing even 20% of that figure would result in spot Ether ETFs accumulating a combined $2.66 billion in inflows over a similar timeframe.
