How Will Amended Ethereum ETF S-1 Shape Institutional Funds?
Crypto users were in a frenzy with issuers announcing Ethereum ETFs S-1 amendments. At the moment, all issuers have filed S-1 amendments with many disclosing price ranges and discounts. This year, ETF applications in the United States have ignited momentum because of its impact on the wider market.
The success of Bitcoin ETFs after approval in January led to interest in Ethereum products. As Bitcoin price soared to a new all-time high above $73,000, investors gleaned more products in other assets leading to applications for Solana and Ethereum ETFs to the Securities and Exchange Commission.
Ethereum ETFs Amendment to Drive Inflows
On July 8, most issuers filed amendments to their ETFs S-1 as many users anticipate potential trading. This comes as the ETH price slightly recovered after weeks in the woods. Institutional inflows also point to a rebound as the product notched weekly gains.
Last week, Ethereum products saw $10.2 million in inflows wiping out a part of yearly exits. Year-to-date exits stand at $15 million due to the bearish sentiment that plunged asset prices. Ethereum’s total assets under management rose to $12.4 billion as investors expect a listing this summer.
Several market commentators expect these products to garner inflows with traders and investors repositioning for a final approval. A similar pattern occurred after the SEC approved Ethereum ETFs 19b-4 filings. ETH price moved up 22% alongside strong institutional inflows igniting bullish pressure.
ETF Issuers Await Approval
SEC chair, Gary Gensler hinted at a possible approval before the end of this summer. Issuers like VanEck, Bitwise, and others filed amendments to their applications with some disclosing fee structures. Bitwise included a six-month waiver of up to $500 million prompting speculations on a similar pattern by other firms. Ethereum currently trades at $3,079, a slight 0.5% increase to regain the $3k mark.
Also Read: BRETT Vs PEPE; Where Are The Gains Flowing This Week
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- $1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP
- Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions
- Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
