Popular Chinese journalist and crypto blogger Colin Wu reported that Bloomberg Senior ETF Analyst Eric Balchunas revealed documents showing that Ethereum spot ETF applicants have updated their S-1 filings.
Popular Chinese journalist and crypto blogger Colin Wu reported that Bloomberg Senior ETF Analyst Eric Balchunas revealed documents showing that Ethereum spot ETF applicants have updated their S-1 filings.
Those applicants include giants BlackRock, Fidelity, Grayscale and VanEck.
Updated Ethereum ETF Filings
According to the aforementioned documentation submitted by the companies, Franklin has set its Ethereum ETF fees at 0.19%, and as for VanEck, this figure is set at 0.2%, as announced on Friday.
Additionally, BlackRock, the world’s largest money manager, disclosed an initial investment of $10 million when an undisclosed major investor purchased $10 million in its future ETF (ETHA) shares.
Eric Balchunas believes the likely approval date for the Ethereum spot ETF is July 2.
Earlier this year, in January, the same companies finally obtained approval from the Securities and Exchange Commission (SEC) of their spot Bitcoin ETF filings. Once trading began, the ETFs began accumulating large amounts of BTC daily.
Yuri MolchanBTC ETF Outflows Hit Major Negative Record
Analytics X account @spotonchain spread the word on yet another day of capital outflows facing spot Bitcoin ETFs. According to a recent tweet from this entity, these ETFs have been experiencing negative inflows throughout the last trading week.
Overall, exchange-traded funds that track the spot price of Bitcoin had $545 million withdrawn on Friday. Grayscale faced a $34.2 million withdrawal, and BlackRock’s IBIT ETF just had zero net flow on Friday.
Still, @lookochain reports that BlackRock had an inflow of 23 BTC and the Invesco Galaxy Bitcoin ETF acquired 229 BTC. According to the same source, Fidelity and Bitwise recorded outflows of 787 BTC and 485 BTC, respectively.
Ethereum achieves victory against the SEC
As Guru-Investingreported, earlier this week, Consensys reported that the SEC had finally ended its investigation into Ethereum 2.0. This was a big win for the Ethereum team and ETH holders as the regulatory agency announced that it found no reason to label ETH as a security.
This boosted the price of ETH by approximately 5%, as the coin’s price soared above $3,500.
On Thursday, the second-largest cryptocurrency surpassed the $3,600 level. However, since then, ETH has seen a drop, now falling to $3,486.
