The Ethereum (ETH) market is experiencing a surge in optimism as the launch of ETH ETFs approaches, with a projected launch date around July 2nd. Major financial institutions, including Fidelity, BlackRock, and Grayscale, have submitted amended S-1 forms for SEC review, indicating significant progress towards final approval. Fidelity has also disclosed a $4.7 million seed investment in its spot Ethereum ETF. The options market reflects this optimism, with heavy buying activity of top-side calls. Additionally, Ethereum's Layer 2 user base is reaching new all-time highs, and the SEC has dropped its investigation into whether ETH is a security. Analysts predict that capturing 10-20% of Bitcoin ETF flows could propel ETH above $4,000, nearing its peak of $4,800. Bybit's institutional investors have tripled their ETH exposure ahead of the ETF launch.
Fidelity has disclosed a $4.7 million seed investment in an Ethereum ETF. https://t.co/DKTT1IDC98
🚨 LATEST: Fidelity's $4.7 Million Seed Investment in Ethereum ETF 🚨 Fidelity has made a strategic $4.7 million seed investment in its spot Ethereum ETF, as revealed in a recent SEC filing. FMR Capital, a Fidelity affiliate, acquired shares in late May and June, using the funds…
Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing https://t.co/rd54xHUpDB
*FIDELITY DISCLOSES $4.7 MILLION DOLLAR SEED INVESTMENT IN ETHEREUM ETF: SEC FILING - THE BLOCK PRO
[𝕏] #Fidelity Submits Amended #Ethereum ETF Filing, Bloomberg Analyst @Jseyff Expects More Filings Today $ETH https://t.co/Nmq4BncD45 https://t.co/1gF9VSpRgX
[𝕏] Bloomberg ETF analyst @EricBalchunas expects several amended #ETH ETF S-1s to be filed today. The SEC will then review for final changes and approval. The projected launch date for $ETH ETFs is around July 2nd https://t.co/Xgnh2Zc7aA
🚨BREAKING: FIDELITY FILES UPDATED S-1 FORM FOR ITS $ETH ETF - DOES NOT DISCLOSE FEE %
Fidelity’s amended filing is in for their Ethereum ETF filing. Expecting all the rest throughout the rest of the day today. https://t.co/f5lT34xRFw
JUST IN: $ETH ETF ISSUERS EXPECTED TO SUBMIT UPDATED S-1 FORMS TODAY FOR SEC REVIEW - BLOOMBERG ANALYSTS STILL EXPECT LAUNCH ON JULY 2ND
Bloomberg ETF analyst Eric Balchunas: We will see a bunch of amended ETH ETF S-1s filed today, or maybe later this afternoon. Then ball's in SEC's court to let issuers know about any final changes and effectiveness (final approval). We holding the line with July 2nd as our…
New S-1/A filing: Fidelity Ethereum Fund (0002000046) (Filer) [Amend] General form for registration of securities under the Securities Act of 1933 Accepted Date: 2024-06-21T15:23:33.000Z | Filing Date: 2024-06-21 Document: https://t.co/jf2SSOKpKd | $ETH
Next step: we will see a bunch of amended S-1s filed today, prob later this afternoon. Then ball's in SEC's court to let issuers know about any final changes and effectiveness (aka final approval). We holding the line with July 2nd as our over/under for eth ETFs launch date. https://t.co/EmqCVsE0Qe
There is 50% chance the $ETH ETF launches on July 2nd. Marking the start of meme summer led by $PEPE. https://t.co/JjPBRt7Nvv
It is incredible to me that: ✅In less than 2 weeks, an ETH ETF will be launched by @BlackRock, @Fidelity & other major issuers ✅ETH ETF S1 should be published this afternoon showing fees rates, esp for the @grayscle mini-ETF ✅A former US president & re-election candidate…
$ETH looks ripe for continuation upwards: - breakout out of the descending wedge - making a higher high - now making a higher low - sitting at support It looks ready to take out the March highs in the coming weeks, especially because of the upcoming ETFs. Up to $30k in bonuses:… https://t.co/e7Tt8gCyvv
💁So, the markets are forward-looking to Tokenization. Get ready for a real RWA season once the $ETH ETF launch date is confirmed, as Larry Fink's plan has remained the same since the beginning: $BTC ETF, $ETH ETF, and then full tokenization of every stock, bond, etc. “BTC… https://t.co/Ko03tKmBst
CRYPTO UPDATE I am extremely bullish. Vibes very similar to when BTC ETF was approved, and price reacted by falling $30k to $25k (before going 3x). SPX is at 5500. AI is extremely strong. ETH ETF is coming. Classic shakeout of retail goyim before moon missions galore.
The Ethereum ETF is likely to be trading within a few weeks. This is the narrative. BTC has seen BILLIONS in ETF trading volume so far, the biggest in history. ETH will be no different. Don't mid curve this.
It was only a few weeks ago that 90% of people firmly believed that the SEC would deny applications for an Ethereum Spot ETF. Since then, applications have been approved, and the ETFs are expected to launch in the coming weeks. The ETFs are not even close to being priced in.
[FINANCE FEEDS] Bybit’s Institutional Investors Triple $ETH Exposure Ahead of ETF Launch
Will be flurry of spot eth ETF S-1 amendments tomorrow & Friday… IMO, based on Bitwise filing yesterday, doesn’t look like anything noteworthy left for SEC to address/comment on. I’m still going w/ launch before July 4th.
I can see ETH exploding up in the next 3 weeks with the launch of the ETH ETF launching on July 2nd. Money will flow into ETH… then Altcoins and memecoins exploding 2-10x. Buckle up 🚀
ETF launches on the horizon. L2s onboarding more users than ever before. SEC drops it's investigation into whether ETH is a security. TLDR - you're not bullish enough on Ethereum.
The ETH ETFs are launching any day now. Ethereum's Layer 2 user base is tapping new ATHs. Yeah, I'm feeling bullish. https://t.co/UWdrRXXRGD
QCP: Despite uncertainty around the reception of the ETH ETF, capturing 10-20% of Bitcoin ETF flows could propel ETH above 4,000, nearing its peak of 4,800. The options market has also reflected this optimism, with the desk observing heavy buying activity of top-side calls across…