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Author: Helene Braun, Coindesk; Compilation: Five baht, Bitchain Vision Realm
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According to sources, the US Securities and Exchange Commission informed the ETH exchange trading fund issuer that the fund can start trading on July 23.
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The SEC has no further comment on the recently submitted S-1 file, and the final version needs to be submitted before Wednesday.
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Affected by ETF transactions, ETH performed better than BTC Monday.
Two people familiar with the matter told Coindesk,The U.S. Securities and Exchange Commission (SEC) informed the potential issuer of the Ethereum Exchange Trading Fund (ETF) on Monday, which will start trading next Tuesday.
A source said that the SEC official told a issuer that the regulators did not comment further on the recent S-1 files submitted. The final version needs to be submitted before Wednesday.List on the exchange.
Another source said that after ETF was regarded as effective next Monday, the transaction may begin on Tuesday.
Eric Balchunas, a senior ETF analyst in Bloomberg Intelligence, first reported this progress in social media posts.
The publisher submitted the revised S-1 file last week, but it has not disclosed some details, including how much management fees they will charge investors.So far, only a few publishers such as VANECK and Invesco Galaxy have disclosed their costs.
The cryptocurrency exchange Gemini predicts that once it is listed, the inflow of the Ethereum Ethereum ETF in the first six months may be as high as $ 5 billion.Steno Research said that the inflowing volume in the first year is expected to be as high as $ 20 billion.
Affected by the news of ETFs starting the transaction next week, Ethereum prices rose 7.3% on Monday, exceeding the increase of 6% of Bitcoin.The broad market index CoinDesk 20 rose 5.6%today.
