ETH ETF to Steal 15% Inflow, Gather $2.8B in Assets as VanEck Plans Fee-Free ETF

ETHETF may be approved soon and is expected to be launched next week. VanEck’s CEO met with the SEC on Monday and their ETF will be exempt from fees until its AUM reaches $1.5 billion or until sometime next year

The U.S. Securities and Exchange Commission (SEC) could approve Ethereum (ETH) at any time The exchange-traded fund (ETF) could be launched as early as next week, according to the latest information shared by 10XResearch CEO Markus Thielen. Major financial firm VanEck is strategically preparing for this milestone. Nearly eight firms have recently filed with the SEC stating their intention to launch spot Ethereum ETFs in the first week of July, following updates from two firms last week. As anticipation continues to build for the launch of an Ethereum ETF, insights from 10XResearch suggest the ETF may capture just 15% of investment in U.S. spot Bitcoin ETFs. Thielen's latest information indicates that VanEck's CEO met with the SEC on Monday to discuss their ETHETF. VanEck plans to waive fees until the fund reaches $1.5 billion in assets or until next year, then charge fees as low as 0.2%. VanEck filed what’s known as a Form 8-A, a step taken seven days before the Bitcoin ETF’s launch, signaling preparations to launch the ETHETF on July 2. VanEck’s Bitcoin ETF currently has $600 million under management. Thielen predicted that ETHETF could attract 15% to 20% of investment in Bitcoin ETFs, or about $14 billion. This suggests that the Ethereum ETF could potentially amass around $2.8 billion in assets, which is also consistent with increased interest in ETH futures since the news on May 20, suggesting that the market is preparing for approval. In related news, Bitwise chief investment officer Matt Hougan believes the Ethereum ETF could attract $15 billion in net inflows in its first 18 months. The approval of an Ethereum ETF could be a big step forward for the cryptocurrency market. It will make it easier for traditional investors to invest in Ethereum’s price without directly holding the digital currency. The move is expected to attract more institutional and general investors into the Ethereum space, boosting its market activity and popularity.

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