tl;dr
Issuers have announced Ethereum ETFs S-1 amendments, with all issuers filing amendments, disclosing price ranges and discounts. ETF applications in the US have gained momentum this year after the success of Bitcoin ETFs, leading to interest in Ethereum products. Institutional inflows and a slight pr...
Ethereum ETFs amendments filed by issuers aim to drive inflows and anticipate potential trading. Institutional inflows and ETH price recovery are expected following the amendments, with a summer listing in sight. VanEck and Bitwise, among others, are awaiting SEC approval, hinting at a possible decision this summer.
Issuers have announced Ethereum ETFs S-1 amendments, with all issuers filing amendments, disclosing price ranges, and discounts. ETF applications in the US have gained momentum this year after the success of Bitcoin ETFs, leading to interest in Ethereum products. Institutional inflows and a slight price recovery for Ethereum are anticipated as ETF issuers await potential trading. The total assets under management for Ethereum have risen to $12.4 billion, with expectations for a listing this summer. SEC Chair Gary Gensler has hinted at a possible approval before the end of summer, with issuers like VanEck and Bitwise filing amendments to their applications. Ethereum currently trades at $3,079, showing a slight increase. Crypto users were in a frenzy with issuers announcing Ethereum ETFs S-1 amendments. At the moment, all issuers have filed S-1 amendments with many disclosing price ranges and discounts. This year, ETF applications in the United States have ignited momentum because of its impact on the wider market. The success of Bitcoin ETFs after approval in January led to interest in Ethereum products. As Bitcoin's price soared to a new all-time high above $73,000, investors sought more products in other assets, leading to applications for Solana and Ethereum ETFs to the Securities and Exchange Commission.
On July 8, most issuers filed amendments to their ETFs S-1 as many users anticipate potential trading. This comes as the ETH price slightly recovered after weeks in the woods. Institutional inflows also point to a rebound as the product notched weekly gains. Last week, Ethereum products saw $10.2 million in inflows, wiping out a part of yearly exits. Year-to-date exits stand at $15 million due to the bearish sentiment that plunged asset prices. Ethereum’s total assets under management rose to $12.4 billion as investors expect a listing this summer. Several market commentators expect these products to garner inflows with traders and investors repositioning for a final approval. A similar pattern occurred after the SEC approved Ethereum ETFs 19b-4 filings. ETH price moved up 22% alongside strong institutional inflows igniting bullish pressure.
SEC chair, Gary Gensler hinted at a possible approval before the end of this summer. Issuers like VanEck, Bitwise, and others filed amendments to their applications, with some disclosing fee structures. Bitwise included a six-month waiver of up to $500 million, prompting speculations on a similar pattern by other firms. Ethereum currently trades at $3,079, a slight 0.5% increase to regain the $3k mark.
More about Emeren Group Ltd
Emeren Group Ltd, ReneSola Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING
Sector: SEMICONDUCTORS & RELATED DEVICES
Employees: 87641000
Market Cap: None
Dividend Yield: None
EPS: -0.16
P/E Ratio: 1.918
ROE: -0.127
Volume: 106582000
50-Day Moving Average: 4.88
200-Day Moving Average: 3.42
RSI: 0.148
More about United States Steel Corporation
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United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING, STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Stock Symbol: 8721931000
Current Price: 11.21
Price Change: 0.2
Change Percentage: 3.46%
Market Cap: 79.23 billion
Earnings per Share (EPS): 0.0489
Revenue: 17.743 billion
Price to Earnings (P/E) Ratio: 38.25
Dividend Yield: -0.129%
Dividend per Share: -0.069
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