Asset managers are optimistic about Security and Exchange Commission approval for the first U.S. ETFs directly investing in Ethereum, possibly by mid-July.
Recent SEC feedback to issuers involved minor questions, which are being addressed, the report added. Major asset managers such as BlackRock, Fidelity, Ark 21Shares, and Invesco have pending filings, but many issuers have yet to disclose their fund fees, which is a necessary step before trading begins.that the Ethereum ETF flows could be around 10% to 15% of Bitcoin ETF flows and that ETH prices may fall as much as 30% following their launch.
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