When do US spot Ethereum exchange-traded funds (ETFs) start trading? JPMorgan analysts shared their start forecast. JPMorgan estimates that trading in Ethereum ETFs could begin well before November, according to recent information published by The Block.
JPMorgan analysts, led by Kenneth Worthington, shared the expected start of trading for Ethereum ETFs in a report on May 24.
“We see this approval of the ETF, and crypto more broadly, as an increasingly political issue ahead of the 2024 US presidential election. As such, we expect spot ETH ETF trading to begin well before November,” highlighted.
On May 23, the US Securities and Exchange Commission (SEC) approved the 19b-4 forms of eight Ethereum spot ETF issuers: Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin. However, S-1 filings for these ETFs are still awaiting approval from the SEC before trading of the products can begin.
VanEck Updates S-1 Filing Soon After SEC Approval of Ethereum ETFs
VanEck, a giant investment management firm, updated its S-1 filing shortly after the US Securities and Exchange Commission’s (SEC) announcement regarding the initial approval of Ethereum (ETH)-based exchange-traded funds (ETFs). ) in sight, on May 23rd.
In its filing dated May 23, the company explained that none of its affiliates, including the Trust, the Sponsor, the ETH Custodian or any associated individual, will participate in “Staking Activities.” In recent days, ETF issuers have withdrawn the staking service from their proposal to the SEC.
“The Trust will not employ your ETH in staking activities and therefore will not earn any form of staking rewards or income of any kind from staking activities. Forgoing potential returns from staking activities could cause an investment in Shares of the Trust to deviate from that which would have been obtained through purchasing and holding ETH directly by virtue of forgoing staking as a source of return when an investor holds Shares of the Trust,” reads part of the updated document.
At the time of publication, the price of Ethereum was quoted at US$3,764.41, up 0.8% in the last 24 hours.
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Source: https://portalcripto.com.br/quando-iniciam-as-negociacoes-dos-etfs-de-ethereum-dos-eua-jpmorgan-fornece-previsao/
