tl;dr
VanEck has filed an amended spot Ethereum ETF S-1 with the SEC, indicating a potential near final approval date. The firm aims to trade under the "ETHV" ticker and is expected to offer low fees. Other issuers are also anticipated to submit applications soon. Ethereum users are looking forward to pot...
VanEck has filed an amended spot Ethereum ETF S-1 with the SEC, indicating a potential near final approval date. The firm aims to trade under the "ETHV" ticker and is expected to offer low fees. Other issuers are also anticipated to submit applications soon.
Ethereum users are looking forward to potential ETF listings, hoping for institutional inflows and price upswings, similar to the impact of Bitcoin ETF approvals. Ethereum is currently trading at $2,983, down 20% from the approval of 19b-4 applications.
Investment management firm VanEck has filed its amended spot Ethereum ETF S-1 to the Securities and Exchange Commission (SEC). This comes after the Commission returned forms to issuers seeking minor changes. As the race to a potential listing in the summer nears, issuers place final touches on these investment vehicles.
As investors anticipate trading spot Ethereum ETFs in the United States, firms are set to release updates to their fee structure. VanEck is aiming to trade under the “ETHV” ticker as users expect low fees. This development sparked a frenzy along social media spaces as bulls look to a future change in market sentiments.
Last week, Bitwise filed its S-1 amendment with a 6-month waiver of up to $500 million while other issuers are expected to submit applications today. Nate Geraci, the President of ETF Store noted that with amendments, institutions are gearing up for a potential launch in a week or two.
Ethereum users look forward to spot ETF listings in a bid to attract massive institutional inflows to the asset. Drawing lines with the approval of Bitcoin ETFs, ETH holders anticipate price upswings to wipe out previous losses. Ethereum trades at $2,983, down 20% from the approval of 19b-4 applications.
More about Banco De Chile
Banco De Chile,Banco de Chile, provides banking and financial products and services to clients in Chile. The company is headquartered in Santiago, Chile.
Industry: FINANCE
Sector: COMMERCIAL BANKS
Classification: NEC
Market Cap: 11662413000
Price/Earnings: 7.83
Dividend Yield: 8.08%
Beta: 2.95
Revenue: 5711.6
Net Income: 0.487
Market Cap/Revenue: 2884828922000
Price/Book: 24.07
Enterprise Value/EBITDA: 0.12
Debt/Equity: 0.118
More about NYSE LISTED TEST STOCK FOR CTS AND CQS
NYSE LISTED TEST STOCK FOR CTS AND CQS
Sector: Technology
Analysis: General
Support Levels: None
Resistance Levels: None
RSI: 0
Moving Averages: 0
Bollinger Bands: 0
Pattern: None
Outlook: Neutral