VanEck’s recent regulatory filing hints that U.S. Ethereum ETFs might be just around the corner, with some experts speculating a launch within a week.
The $89 billion investment manager submitted an 8-A form for the VanEck Ethereum Trust on Tuesday. This crucial document is necessary for corporations to issue specific types of securities on national exchanges.
While typically routine, Bloomberg ETF analyst Eric Balchunas found the timing noteworthy. VanEck filed a similar form for its Bitcoin spot ETF exactly seven days before its launch on January 11.
“This is promising for our July 2nd prediction (7 days from now),” Balchunas remarked. “But of course, anything can happen.”
However, today’s circumstances differ slightly from January, when there was uncertainty surrounding Bitcoin fund approvals. Ethereum ETFs have already received the green light for listing on national securities exchanges. Now, the SEC is reviewing individual S-1 applications.
This development shifts the narrative to “when” rather than “if” Ethereum ETFs will launch. SEC chairman Gary Gensler confirmed earlier this month that these funds are likely to be approved “over the course of this summer.”
Evidence is mounting that Ethereum ETF sponsors are gearing up for an imminent debut. Bitwise has rolled out multiple TV ads promoting Ethereum’s advantages over traditional financial systems. VanEck and Franklin Templeton have already disclosed their management fees, a detail usually kept under wraps until the last moment.
These firms are also pushing bullish investment theses for Ethereum. Last week, Bitwise CIO Matt Hougan posted a Twitter thread outlining three reasons to include ETH in investment portfolios alongside BTC. Earlier this month, VanEck released a detailed report predicting ETH could reach $22,000 per unit by 2030.
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