tl;dr
21Shares has submitted Form 8-A for its Spot Ethereum ETF to the U.S. Securities and Exchange Commission (SEC), following VanEck’s similar filing. BlackRock, Fidelity, and Franklin Templeton are also expected to pursue Ether ETFs. The Form 8A filing is crucial for listing and trading the product. AR...
21Shares has submitted Form 8-A for its Spot Ethereum ETF to the U.S. Securities and Exchange Commission (SEC), following VanEck’s similar filing. BlackRock, Fidelity, and Franklin Templeton are also expected to pursue Ether ETFs. The Form 8A filing is crucial for listing and trading the product.
ARK Invest has withdrawn its application, but remains committed to offering investors access to Ethereum. VanEck has filed Form 8-A and plans to waive fees until 2025 or $1.5 billion in assets. Analysts anticipate a potential Ethereum ETF launch around July 2, and the SEC has requested amendments to S-1 filings from several companies.
The approval process for the Spot Ethereum ETF is progressing smoothly, with a decision expected within the next two to three weeks.
When Cathie Wood’s ARK Invest made the decision to withdraw its application and end its partnership with 21Shares, the latter decided to proceed independently with its Spot Ethereum ETF application. VanEck, another player in this space, also recently filed a Form 8-A. In addition, VanEck has indicated in another filing that it would waive all fees until either 2025 or until the assets under management for their Ethereum ETF reach $1.5 billion, whichever comes first.
Analysts are anticipating a potential launch date for the Ethereum ETFs around July 2. Recently, the SEC requested applicants to submit amendments to their S-1 filings, resulting in eight registrations: BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco.
ETFstore President Nate Geraci shared a screenshot indicating that the most recent round of S-1 revisions was minimal, suggesting that the SEC may soon inform applicants of the trading commencement date. According to Geraci’s source, approval is expected within the next two to three weeks.
More about Forum Energy Technologies Inc
Forum Energy Technologies Inc,Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the oil and natural gas industry in the United States and internationally. The company is headquartered in Houston, Texas.
Sector: TECHNOLOGY
Industry: OIL & GAS FIELD MACHINERY & EQUIPMENT
Market Cap: 205.26B
Dividend Yield: None
Beta (5Y Monthly): None
Price Change: -2.36
Price Change (%) : 70.19
Revenue: -0.0342
Volume: 752.29M
Shares: 30M
Earnings: -0.578
P/E Ratio: 0.071