{"id":313201,"date":"2024-05-30T16:42:04","date_gmt":"2024-05-30T11:12:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=313201"},"modified":"2024-05-30T16:42:04","modified_gmt":"2024-05-30T11:12:04","slug":"ethereum-etf-speculations-rise-a-june-debut-on-the-horizon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-etf-speculations-rise-a-june-debut-on-the-horizon-crypto-news\/","title":{"rendered":"Ethereum ETF speculations rise: A June debut on the horizon? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<ul>\n<li><em>B<\/em><em>lackRock leads Ethereum ETF approval by updating Form S-1, marking significant progress.<\/em><\/li>\n<li><em>Hashdex and Vanguard have either withdrawn their applications or decided against launching spot Ether ETFs. <\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">June could see the final approval of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/category\/ethereum-news\/\" data-wpel-link=\"internal\">Ethereum [ETH]<\/a> exchange-traded funds (ETFs) as BlackRock becomes the first to update a key filing necessary for launch.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The United States Securities and Exchange Commission (SEC) issued a directive for various institutions interested in launching their Ethereum ETFs, to update their 19b-4 and S-1 filings.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Previously, the SEC approved the rule 19b-4 forms for eight Ether ETF applications, including those from BlackRock (BLK), Fidelity (FNF), Grayscale, ARK Invest, VanEck, Invesco Galaxy, and Franklin Templeton.<\/span><\/p>\n<h4><strong>BlackRock\u2019s bold move\u00a0<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">On the 29th of May,\u00a0 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2000638\/000143774924018610\/iset20240522_s1a.htm\" data-wpel-link=\"external\">BlackRock finally updated its Form S-1<\/a> for its iShares Ethereum Trust (ETHA) with the SEC, nearly a week after the regulator approved its 19b-4 filing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Commenting on the same, Eric Balchunas, Senior ETF analyst at Bloomberg, noted in his recent post on X,\u00a0<\/span><\/p>\n<div id=\"attachment_395885\" style=\"width: 1064px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Eric-on-BlackRock.webp\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-395885\" class=\"wp-image-395885 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Eric-on-BlackRock.webp\" alt=\"Eric Balchunas on BlackRock\" width=\"1054\" height=\"1238\" \/><\/a><\/p>\n<p id=\"caption-attachment-395885\" class=\"wp-caption-text\">Source: Eric Balchunas\/X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Adding to the fray was James Seyffart, research analyst at Bloomberg, who said,\u00a0<\/span><\/p>\n<blockquote>\n<p>\u201cThis is almost certainly the engagement we were looking for on the S-1\u2019s following the 19b-4 approvals. Issuers and SEC are working towards spot Ethereum ETF launches.\u201d<\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">However, not everyone took a step forward in the ETH ETF approval process. Hashdex, another issuer seeking approval for a spot Ether ETF, withdrew its application shortly after the SEC\u2019s approval.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A similar pattern was observed with Vanguard, as highlighted by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/NateGeraci\/status\/1795964813622870330\" data-wpel-link=\"external\">Nate Geraci<\/a>, President of The ETF Store in his latest tweet. He said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cNo surprise, but Vanguard will NOT be offering spot eth ETFs on its brokerage platform\u2026\u201d<\/span><\/p>\n<\/blockquote>\n<h4><b>What\u2019s the price situation?<\/b><\/h4>\n<p><span style=\"font-weight: 400\">Amid hopes of Ether spot ETF approval, ETH was trading at $3,769, reflecting a 2.45% decline at the time of writing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This was further confirmed by AMBCrypto\u2019s analysis of Santiment data on investor sentiment. The results indicated that negative sentiment was rising while positive sentiment was decreasing.<\/span><\/p>\n<div id=\"attachment_395888\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-scaled.webp\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-395888\" class=\"wp-image-395888 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"SOL's Santiment analysis\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-scaled.webp 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-300x102.webp 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-1024x347.webp 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-768x260.webp 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-1536x520.webp 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-2048x693.webp 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-1200x406.webp 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-scaled.webp\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-395888\" class=\"wp-image-395888 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/SOLs-Santiment-analysis-scaled.webp\" alt=\"SOL's Santiment analysis\" width=\"2560\" height=\"867\" \/><\/a><\/p>\n<p id=\"caption-attachment-395888\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h4><strong>Optimistic outlook persists\u00a0<\/strong><\/h4>\n<p><span style=\"font-weight: 400\">Despite prevailing negative sentiments around Ethereum, Jaret Seiberg from TD Cowen\u2019s Washington Research Group recently noted,<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cThis (ETH ETF approval) comes about six months faster than we expected\u2026yet this decision was also inevitable once the SEC approved crypto futures ETFs.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">He added,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cThe next step could be an ETF with a \u2018basket of crypto tokens\u2019.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Therefore, as we await the full and final approval of the ETH ETF, it will be interesting to watch the shifts in sentiment within the SEC, especially regarding SEC Chair Gary Gensler, who\u2019s known for his anti-crypto stance.\u00a0<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/shiba-inus-double-digit-rally-whats-driving-it\/\" data-wpel-link=\"internal\">Shiba Inu\u2019s double-digit rally: What\u2019s driving it?<\/a> <\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock leads Ethereum ETF approval by updating Form S-1, marking significant progress. Hashdex and Vanguard have either withdrawn their applications or decided against launching spot Ether ETFs. June could see the final approval of Ethereum [ETH] exchange-traded funds (ETFs) as BlackRock becomes the first to update a key filing necessary for launch. The United States [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":313203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-313201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/313201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=313201"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/313201\/revisions"}],"predecessor-version":[{"id":313205,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/313201\/revisions\/313205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/313203"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=313201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=313201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=313201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}