After BlackRock Bitcoin ETF may be Ethereum is next

June 27, 2023

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After BlackRock Bitcoin ETF may be Ethereum is next

BlackRock has filed for a spot Bitcoin ETF, and if approved, it would be a big deal for the cryptocurrency market.

While there is some debate over whether the SEC will approve BlackRock’s offering, if it does, it could cure any concerns of liquidity problems in the market.

The SEC has approved the first leveraged Bitcoin futures exchange-traded fund (ETF) on Friday, which is a positive sign for the approval of other Bitcoin ETFs.

As for Ethereum, there is no clear indication that it will be the next cryptocurrency to have an ETF after BlackRock’s Bitcoin ETF.

However, if BlackRock’s Bitcoin ETF is approved, it could pave the way for other cryptocurrency ETFs to be approved in the future, including an Ethereum ETF.

What is the current status of Ethereum ETF application

According to a recent report by Blockworks, an application to launch a spot Ethereum ETF could come in a matter of weeks. However, there is no clear indication of the current status of the Ethereum ETF application. The SEC has rejected every application for a spot market Bitcoin ETF to date. BlackRock, the world’s biggest asset manager, is close to filing an application for a Bitcoin ETF. The SEC has approved the first leveraged Bitcoin futures exchange-traded fund (ETF) on Friday. Investment management company Invesco has reapplied for a spot Bitcoin ETF.

Which companies have filed applications for an Ethereum ETF

There is no clear indication of which companies have filed applications for an Ethereum ETF. However, according to a recent report by Blockworks, an application to launch a spot Ethereum ETF could come in a matter of weeks.

It is worth noting that the SEC has rejected every application for a spot market Bitcoin ETF to date, but has approved several Bitcoin futures ETFs for trading.

Europe’s biggest bank, HSBC, has added support for Bitcoin and Ethereum ETFs for its clients in Hong Kong. There are currently more than 25 blockchain and Bitcoin ETFs approved by the SEC for trading in the United States.