US Spot Ethereum ETF

[zasad@]

https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/
US SEC expected to deny spot ether ETFs next month, industry sources say
"U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively."

[avikz]

https://www.coindesk.com/markets/2024/01/12/blackrock-ceo-larry-fink-backs-ether-etf/
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."

If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500

I don't care if the ETH price goes up to 3.5k or 35k, but I am more concerned about the dark strategy of BlackRock! The amount of money they hold under their management, it's extremely easy for them to control a major portion of the ETH in circulation and control its market.

I never liked when corporates got into crypto space and still I am not a fan of such things. Bitcoin and ETH are two biggest cryptos that could have become a blessing to the privacy focused population. But with all these corporate interventions, it's more of an investment where you need to pay taxes to the government. I personally do not want any corporate to open any more crypto ETF.

[Sayeds56]

Given the current unfavorable conditions of cryptocurrencies markets with Bitcoin price falling to $55,000 and Ethereum is trading below $3000, I am afraid the market will not welcome and Ethereum ETF might not attract substantial inflow of investment in the short term, as we observed lackluster market response to ETF launched in Hong Kong.

Additionally, there is also possibility that approval of Ethereum ETF could be delayed. Nonetheless, long term outlook of the market remains promising.

[zasad@]

https://twitter.com/NateGeraci/status/1792330334169903568
"SEC decision deadline this week on spot eth ETFs…
 
SEC must approve both the 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch.
 
Technically possible for SEC to approve 19b-4s & then slow play S-1s (esp given reported lack of engagement here)."

[zasad@]

https://cointelegraph.com/news/sec-etf-decision-means-ether-other-tokens-not-securities
“ETH is a commodity, even with its current attributes. That means we can extrapolate to *A LOT* of other projects what elements matter in security. Today a lot of things probably clearly became commodities, even if they don’t know it yet.”
"The SEC officially approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise to issue spot Ether ETFs on May 23. Many ETFs issuers notably removed staking in their final amendments. "

[zasad@]

https://www.theblock.co/post/296845/jpmorgan-doubt-sec-approval-solana-other-crypto-etfs
"JPMorgan doesn’t foresee the SEC approving additional crypto ETFs following spot Ethereum ETFs.
That’s unless U.S. policymakers pass legislation declaring most cryptocurrencies as non-securities, analyst Nikolaos Panigirtzoglou told The Block."

[zasad@]

https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/
"June 26 (Reuters) - The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters.
Eight asset managers, including BlackRock (BLK.N), opens new tab, VanEck, Franklin Templeton (BEN.N), opens new tab and Grayscale Investments, are seeking SEC approval for the funds. Most of them had rolled out spot bitcoin ETFs in January, the culmination of a decade-long tussle with regulators. Grayscale again hopes to convert an existing trust into an ETF."

[zasad@]

Ethereum ETFs Begin Trading on July 23, Cboe Confirms
"Cboe has listed five spot Ethereum ETFs to start trading next Tuesday, July 23, including those from Franklin Templeton and Fidelity."
https://decrypt.co/240685/ethereum-etfs-begin-trading-july-23-cboe
"Spot Ethereum exchange-traded funds (ETFs) will be listed for trading on Tuesday, July 23, the Chicago Board Options Exchange (or Cboe) confirmed Friday via notices posted to its website.

Cboe said that the following spot Ethereum ETFs will begin trading on Tuesday: 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV).

"We are pleased to announce that One (1) Exchange Traded Product ('ETP') will be listed on Cboe and will begin trading as a new issue on July 23, 2024, pending regulatory effectiveness," each listing reads."

[zasad@]

https://www.coindesk.com/news-analysis/2024/07/25/staking-in-ether-etfs-is-a-question-of-when-not-if-and-issuers-remain-hopeful/
Staking in Ethereum ETFs Might Be a Question of When, Not If
"The eight spot ether exchange-traded funds had a largely successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn't let the ETFs generate income for investors by staking their ETH.
The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking."

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[betswift]

https://www.coindesk.com/news-analysis/2024/07/25/staking-in-ether-etfs-is-a-question-of-when-not-if-and-issuers-remain-hopeful/
Staking in Ethereum ETFs Might Be a Question of When, Not If
"The eight spot ether exchange-traded funds had a largely successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn't let the ETFs generate income for investors by staking their ETH.
The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking."

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Duh, if they could stake them, imagine the possibilities for their operations going wild with these amounts

[HarveyOne]

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins