Whales have been positioning for launch, suggesting ETFs will be a key market catalyst in summer.ETF issuers, which are the last step before the SEC approves them for launch.
Digital asset manager and potential issuer, Bitwise, began this last step on 18th June. It submitted itsReacting to the update, Bloomberg ETF analyst James Seyffart‘I believe this filing from @BitwiseInvest is the first of the amended #Ethereum ETF S-1’s. This will contain the changes from the SEC’s first round of comments.’
The analyst added that Pantera Capital, a crypto-focused VC firm, was planning to put $100 million into Bitwise’s ETH ETF product The VC reportedly pumped $200 million into Bitwise’s spot US BTC ETF product in January.that the amends ‘might not need additional but might require tweaks’.Along with his colleague, Eric Balchunas, the analysts maintained that the products could be approved and launched by 4th July.that the approvals could be likely by summer.
That said, there have been divergent views on institutional demand for ETH ETF products. Some projected low demand since the products won’t have a ‘staking’ feature.that the lack of staking will not affect institutional demand. In fact, the executive added that staking could affect liquidity, especially when the lock-up period is extended.
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