10X Research CEO: VanEck executives meet with SEC on Monday as the market prepares for Ethereum ETF approval
2024-06-26 05:16:51
Markus Thielen, CEO of 10x Research, disclosed in a post on the X platform that the CEO of VanEck met with the Securities Exchange Commission (SEC) on Monday. VanEck had filed Form 8-A seven days before the approval of the Bitcoin ETF. With reference to this situation, the Ethereum ETF may be approved next Tuesday, July 2. VanEck's Bitcoin ETF has an asset management size of 600 million US dollars. The general expectation is that the Ethereum ETF will attract about 15-20% (14 billion US dollars) of the Bitcoin ETF, so it will reach 2.80 billion US dollars (about the amount that the Ethereum perpetual futures unposition squaring contract has increased since the May 20 news), so the market is ready for this approval.
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