21 Shares has filed 8-A for its Spot Ethereum ETF to the SED, following VanEck’s filing earlier this week. Other Ether ETH issuers, such as BlackRock, Fidelity, and Franklin Templeton, are also expected to do the same.
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The 8-A form is critical as its approval enables the issuer to list and trade the product on an exchange. Therefore, with its filing on Thursday, June 27, 21Shares has strengthened its position alongside other applicants for the Spot Ethereum ETF.
Earlier this month, ARK Invest announced that it would not proceed with its spot Ethereum ETF application for now. Despite this decision, ARK remains committed to exploring ways to provide investors with access to Ethereum’s underlying technology.
Furthermore, ARK continues to leverage its strength in active management across various investment products, including disruptive innovation equity ETFs, digital asset futures ETFs, and the ARK Venture Fund. Concurrently, other applicants for the spot Ethereum ETF have been updating their S-1 filings.
Following ARK Invest’s withdrawal and termination of its partnership with 21Shares, the latter opted to independently advance its application for the spot Ethereum ETF.
Meanwhile, on Tuesday, investment manager VanEck submitted Form 8-A for its spot Ethereum ETF to the SEC moving the ETF closer to being traded live.
The revised filing led senior Bloomberg ETF analyst Eric Balchunas to suggest that spot Ethereum ETFs could potentially be available for trading as early as July 2. Balchunas supported his prediction by noting that VanEck had previously filed Form 8-A for its Bitcoin ETF, which launched seven days after filing.
The final decision now rests with the SEC. According to ETFstore Nate Geraci, approval is anticipated within the next two to three weeks, signaling that the regulatory process is approaching its conclusion.
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