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Spot Ethereum ETF Race is Now On | Crypto Daily Digest Sep. 7

Spot Ethereum ETF Race is Now On | Crypto Daily Digest Sep. 7

TokenInsight2023/09/07 15:35
By: TI Research
After the Bitcoin Spot ETF and Ethereum Futures ETF, it is the time for Ethereum Spot ETF application races

Asset managers Ark Invest and 21Shares have submitted an application for a spot Ethereum ETF with the US SEC, marking the official start of the race for an Ethereum spot ETF, according to Bloomberg ETF analyst James Seyffart.

VanEck and Ark Invest Kick Off Competition for First Spot Ethereum ETF in US

Seyffart anticipates that more spot Ethereum ETF applications will be filed in the coming days. He also noted that VanEck, one of the world's largest ETF issuers, applied for an Ethereum spot ETF back in 2021 and is still awaiting a decision.

Last month, the SEC signaled its intention to approve Ethereu m futures investment products, leading to a total of 12 Ethereum futures ETF applications. At the meantime, Bloomberg estimates a 75% chance of approval for a Bitcoin spot ETF this year.

Today's Market

Spot Ethereum ETF Race is Now On |  Crypto Daily Digest Sep. 7 image 0

Spot Ethereum ETF Race is Now On |  Crypto Daily Digest Sep. 7 image 1 Source: TokenInsight Gainers and losers

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Ark Invest and 21Shares File for First Spot Ethereum ETF

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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