Rambod Hakhamaneshi
United States
Dera copiers and followers, Ethereum ETF: SEC surprised markets on May 23 by approving a significant step toward the arrival of spot ETH ETFs from applicants like BlackRock and Fidelity. Prospective ETF issuers submitted registration documents to the SEC. The SEC and the applicants will need to go through several rounds of feedback and amendments, which means the launch could still be several weeks or even months away. BlackRock plans to seed its ETF with $10 million, while VanEck received $100,000 to seed its product. Institutional investors appear to be gearing up for the ETH ETFs, as Ethereum investment products saw over $33 million in inflows last week. $ETH $BTC
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