🚀 Big Announcement! We're thrilled to share a significant update with our valued community. After a strategic review initiated in December, we've reached an agreement with Purpose to transition into an Ether staking ETF. This marks a major milestone for us! 🤝 A huge shoutout to the teams at Purpose Unlimited and Ether Capital for their dedication in reaching this milestone. 📈 Post-conversion, we anticipate that the ETF shares will trade at a market price closely aligned with the net asset value, similar to most ETFs. 📄 Stay tuned for more details in the upcoming management information circular and check out the press release below for further information. #EtherCapital #Purpose #ETF #Ether #Staking https://lnkd.in/gJ5FvGdW
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#EthereumNews #business #EtherETF #Ethereum #PanteraCapital Bitwise’s Ethereum ETF Filing cites Pantera’s $100M Interest: Bitwise has revealed that Pantera is interested in buying its upcoming spot Ether ETF, with flexible investment options. The spot Ether ETH exchange-traded fund (ETF) Form S-1 registration statement of asset management firm Bitwise was revised to reflect a prospective $100 million investment in the ETF upon its trading launch. Pantera Capital Management, an investment […] The post Bitwise’s Ethereum ETF Filing cites Pantera’s $100M Interest appeared first on Coinscreed.
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#EthereumNews #sec #spotEthereumETF #VanEck VanEck Submits Amendment to Spot Ethereum ETF S-1: VanEck, an asset management firm, submitted its amended spot Ethereum ETF S-1 to the Securities and Exchange Commission. VanEck, an investment management firm, has submitted its amended spot Ethereum ETF S-1 to the Securities and Exchange Commission (SEC). This occurred after the Commission returned the forms to issuers who requested minimal modifications. Issuers are finalizing […] The post VanEck Submits Amendment to Spot Ethereum ETF S-1 appeared first on Coinscreed.
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A further sign today that #Ethereum #ETFs will be launched this month, as Bitwise Investment Pty Ltd has filed an S1 registration for its Spot Ethereum ETF ahead of schedule. The filing did not include a specific launch date for listing but said it would be “as soon as practicable after the effective date” of the registration. According to Bloomberg ETF analyst Eric Balchunas and other market experts, “all indications launch still on for this month.” You can read the full story here - https://lnkd.in/e4JXPXMM
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Spot Ether Exchange-Traded Funds Gain Momentum: VanEck and 21Shares Submit Revised Filings Asset management giants VanEck and 21Shares have revised their filings with the United States Securities and Exchange Commission (SEC), paving the way for the possible launch of spot Ether exchange-t Author: Sarah Usman https://lnkd.in/d3f3pZPh #News #cryptonews #ETFs #SpotEther #SpotEtherETFs
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Is a US XRP Spot ETF Coming Soon?🤔 Bitwise Asset Management makes a major move by filing for an XRP Spot ETF in the U.S.! I share my thoughts on this news in my latest newsletter 👉 https://lnkd.in/egWbB7MY Be sure to Subscribe, it's 100% Free! #xrp #etf #xrpetf #ripple
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The first out of the gate to file with the SEC for an ETF tracking XRP, the "seventh-largest digital token," was Bitwise Asset Management, and they have now been followed by Canary Capital, which filed yesterday to launch what would be their first ETF. "This demonstrates that ETF providers will be closely following the regulatory landscape for perceived daylight in allowing them to offer new products." https://lnkd.in/dy7eAumy
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BLACKROCK FILES UPDATED S-1 FORM FOR $ETH ETF: WHAT’S NEW? - BlackRock, the world's largest asset manager, has submitted an updated S-1 filing for its iShares Ethereum Trust. - In the revised filing, BlackRock disclosed details about its seed capital investor. The investor, an affiliate of the sponsor, purchased 400,000 shares at $25.00 each. - The BlackRock Ethereum Spot ETF shares will trade under the ticker symbol "ETHA." - On the same day, Hashdex pulled its bid for a spot Ether ETF, a day after SEC approval. A source told Cointelegraph that Hashdex no longer intends to move forward with the single asset Ether ETF. Comments From Analysts: - Bloomberg ETF analyst Eric Balchunas sees this move as a positive sign, suggesting that other issuers will soon follow. - The analyst predicts a possible launch by the end of June or early July but keeps the odds for July 4th approval. - Bloomberg analyst James Seyffart views BlackRock’s updated S-1 as a clear indicator of ongoing collaboration between issuers and the SEC, highlighting the market’s readiness for these financial products. Image: Nasdaq
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FIVE U.S. ASSET MANAGERS AMEND FILINGS FOR ETHER SPOT ETFS WITH SEC - Five U.S. asset managers seeking to launch spot Ether exchange-traded funds (ETFs) have amended their 19b-4 filings with the Securities and Exchange Commission (SEC) following last-minute feedback. - Asset managers Fidelity, VanEck, and Franklin Templeton, along with joint applicants Galaxy/Invesco and ARK Invest/21Shares, submitted the amendments. - These filings removed provisions for ETH staking. Grayscale also made similar changes, according to a proxy statement. - The SEC is expected to decide on VanEck’s application by May 23. Community Reactions: - Adam Cochran, partner at Cinneamhain Ventures, stated that an approved spot Ether ETF without staking would boost staking returns. - Ryan Berckmans, the Ethereum community member and investor, added that these ETFs enhance Ethereum's legitimacy while avoiding ETF tail risks. - Per Bloomberg ETF analyst James Seyffart, the amended 19b-4 filings will require signed-off S-1 registration statements for the ETFs to launch. Seyffart noted that the ETF listings could take weeks or longer to finalize. Image: Bitcoin Sistemi
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Tracking ETF fund flows can be a useful tool for understanding market trends and potential opportunities.
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#EthereumNews #Bitwise #EthereumETF #VanEck Bitwise Files amended S-1 for Ethereum ETF Before Launch Date: Bitwise amended the S-1 form for the Ethereum ETF before the deadline. Analysts anticipate a mid-July launch as SEC approval approaches. Bitwise submitted an amended S-1 form for its Ethereum exchange-traded fund (ETF) mere days before the July 8 deadline. This action suggests that the product is nearly prepared for launch. Analysts anticipate that these […] The post Bitwise Files amended S-1 for Ethereum ETF Before Launch Date appeared first on Coinscreed.
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