History from Bloomberg Analyst, Ethereum ETF Report from Bernstein

VanEck filed a Form 8-A for its Ethereum work on Tuesday morning. This is a move meant to allow issuers to trade on an exchange after the product is approved. Meanwhile, Bernstein analysts published a report on spot Ethereum ETF. Analysts noted that spot ETH ETFs may see lower demand compared to their Bitcoin counterparts. Additionally, in the report, analysts noted that the lack of staking feature in ETH ETFs means less spot conversion.

VanEck files Form 8-A on spot Ethereum ETF path

Fund manager VanEck moved one step closer to a spot Ethereum ETF by filing another form with the US SEC on Tuesday. In this context, VanEck applied for Form 8-A for its Ethereum product. This is a move that refers to registration that allows issuers to trade on an exchange after the work is approved. This move comes just days after firms vying for such work filed amended registration statements called S-1s (or S-3 in the case of Grayscale, which wants to convert its Ethereum Trust into an ETF).

Critical date for Spot Ethereum ETF: July 2

The SEC approved 19b-4 forms for eight Ethereum ETFs last month. However, the regulator still needs to allow registration statements to come into force before trading can begin. Companies previously competing to become Bitcoin ETFs filed Form 8-A about a week before these products began to be listed and processed after receiving approval from the SEC. Senior Bloomberg ETF analyst Eric Balchunas said VanEck’s move to file Form 8-A was “just part of the process.” Additionally, Balchunas pointed out a critical date:

VanEck filled out form 8-A for spot Eth, which is just one module of the process, but… It should be noted that they filled out form 8-A for spot Bitcoin ETF exactly 7 days before launch. A good sign for our July 2nd over/under (7 days from now). However, anything can happen. I’m sure we’ll hear more soon.

Bernstein: Spot ETH ETFs may see lower demand!

Spot Ethereum ETFs, once approved for trading, will see the same sources of demand as the Bitcoin ETF, but at a lower scale, broker Bernstein said in a research report published Monday. In this regard, analysts Gautam Chhugani and Mahika Sapra wrote, “ETH will not see much spot ETH conversion due to the lack of ETH staking feature in the ETF.” They also added that the underlying trade will likely find buyers over time, contributing to healthy liquidity in the ETF market. Basis trading involves buying the spot ETF and selling the futures contract at the same time, then waiting for the prices to converge.

cryptokoin.com As you follow from , the US SEC gave the green light to spot ETH ETFs last month. It is close to being made available to investors in the US after the SEC approved valuable regulatory applications from issuers. “As the primary tokenization platform, ETH creates a strong use case for both stablecoin payments and the tokenization of classic assets and funds,” the analysts wrote.

The election in the USA will be decisive for the cryptocurrency world!

Ethereum and other digital assets need a “more advanced regulatory regime,” and Bernstein expects the narrative around the US elections to improve later in the year as the likelihood of a Republican victory continues to increase and Trump is now pro-crypto. “Despite the recent pullback in crypto markets, the structural adoption cycle remains intact,” the report states.