On June 25th, VanEck filed a Form 8-A with the SEC, a crucial step for registering securities for public offering. This filing has sparked speculation about a potential Ethereum (ETH) exchange-traded fund (ETF) launch.
Eric Balchunas, a crypto ETF analyst, noted that VanEck’s Bitcoin ETF filing followed a similar timeline. Their Bitcoin ETF’s 8-A filing came exactly seven days before launch. Based on this pattern, Balchunas suggests a potential launch of the Ethereum ETF within the next week (by July 2nd), but emphasizes the possibility of unforeseen delays.
In a separate announcement, VanEck revealed it will waive fees for its spot Ethereum ETF until 2025 or when the fund reaches $1.5 billion in assets.
Matthew Sigel, VanEck’s Head of Digital Assets Research, explained their goal to be a leader in crypto ETF fees, even if it means initial losses. They believe the fee waiver will attract significant investment and benefit from growth in the decentralized finance (DeFi) sector.
The planned 0.20% fee for the Ethereum ETF is considered competitive, potentially attracting strong investor interest. This strategy mirrors VanEck’s approach with their successful Bitcoin ETF launch, which also included a temporary fee waiver.
Overall, VanEck’s recent filings and fee waiver announcement suggest a potential imminent launch of their Ethereum ETF. The competitive fee structure adds another layer of interest for investors in the cryptocurrency space.
