TechFlow news: Markus Thielen, CEO of 10x Research, said that the spot Ethereum ETF could be approved at any moment, with a potential launch next week. VanEck's CEO met with U.S. SEC officials on Monday and has submitted Form 8-A for its spot Ethereum ETF application.
VanEck previously filed Form 8-A seven days before the approval of its Bitcoin ETF. Based on this timing, the Ethereum ETF could be approved as early as Tuesday, July 2. VanEck’s Bitcoin ETF currently manages $600 million in assets.
It is widely expected that the Ethereum ETF will attract around 15–20% (approximately $14 billion) of the capital inflows seen in Bitcoin ETFs, potentially reaching $2.8 billion—roughly equivalent to the increase in open interest in Ethereum perpetual futures contracts since the related news emerged on May 20. As such, the market is already prepared for this approval.
