Bloomberg ETF analyst Eric Balchunas has shared the newest particulars from one of many contenders within the Ethereum ETF race.
In a latest tweet, Balchunas revealed essential details about 21Shares’ upcoming Ethereum ETF providing.
NEW: 21Shares Ether ETF payment can be 0.21% (terrordome in impact) and the ticker is $CETH, as per their simply filed remaining S-1 (they’re all due in the present day so anticipating extra all through day) pic.twitter.com/stwpdkB0VR
— Eric Balchunas (@EricBalchunas) July 17, 2024
He said, “21Shares Ether ETF payment can be 0.21% (terrordome in impact) and the ticker is $CETH, as per their simply filed remaining S-1 (they’re all due in the present day so anticipating extra all through the day).”
Eric Balchunas Expects Extra
This announcement is the newest replace within the Ethereum ETF saga. The 0.21% payment construction signifies that 21Shares is positioning itself competitively.
21Shares has determined to make use of $CETH for its ticker. Balchunas’ point out of the “simply filed remaining S-1” and the expectation of extra filings all through the day means that we’re within the remaining stretch earlier than the potential launch of those ETFs.
Current developments additionally confirmed that Ethereum ETFs are set to launch on Tuesday, July 23. Studies additionally point out that the SEC has initially accepted BlackRock, Franklin Templeton, and VanEck.
Ethereum is doing comparatively higher this week than final week. ETH is presently trading above $3,450 because the market has turned bullish after a number of days of FUD surrounding the German authorities and Mt. Gox.
ETH is up 11% within the final two days because the Ethereum ETF launch date is inching nearer.
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