Issuers have submitted Ethereum ETF documents, and Bloomberg estimates it will be listed on July 18

This site (120BTC.coM): July 8th is the deadline for submitting the Ethereum Spot Amended Registration Statement (S-1). Issuers have submitted information one after another, but most of the fees that investors are concerned about have not been announced. .

Bloomberg ETF analyst Eric Balchunas said that the U.S. Securities and Exchange Commission (SEC) requires issuers to submit S-1 documents before July 8, but fee disclosure is not yet required. They will soon provide guidance to issuers as well as issuance plans. Then the issuer will modify it accordingly and fill in the fees and other blanks, and then it can be officially issued and listed.

Balchunas said that he has not yet heard what the SEC’s plan is. But if I had to guess a launch date, I would choose July 18th.

Most issuers have not announced fees yet

ETF issuer Bitwise has submitted the S-1 form for the Ethereum spot ETF last week before the US Independence Day holiday. Bitwise added the first six months in the update Fees are waived for up to $500 million in assets under management, but subsequent fees were not announced. VanEck has also proposed fee reductions before, with the fee after the promotion period being 0.2%. Franklin, another company, reported a rate of 0.19%.

21Shares, BlackRock, Fidelity, Franklin and Grayscale, which were updated one after another yesterday, have not announced their fees.

ETH slowly rose back above 3,000

Ethereum (ETH) slowly rose back above 3,000 last night after experiencing the painful decline from US$3,524 to US$2,810 last week.

The above is the detailed content of Issuers have submitted Ethereum ETF documents, and Bloomberg estimates it will be listed on July 18. For more information, please follow other related articles on the PHP Chinese website!