Leading ETF Analyst Anticipates a Surge in Revised ETH ETF Applications Today Anticipates SEC Approval by July 2nd

Fidelity has filed an updated S-1 form for its spot Ethereum Exchange Traded Fund (ETF), leading to expectations of potential approval by July 2nd. Bloomberg analyst Eric Balchunas revealed that several amended S-1 filings for Ethereum-based ETFs are expected to be submitted today, which will be reviewed by the Securities and Exchange Commission (SEC). If approved, these would be the first American ETFs directly linked to Ethereum, attracting more institutional investors. Fidelity has not yet disclosed its fee details, while other big ETF issuers like Bitwise are also waiting to see what BlackRock will charge. In Bitwise’s updated filing, it was disclosed that Pantera Capital intends to purchase $100 million worth of the ETF shares upon its launch. Analysts believe that the launch of the ETH ETF could potentially push the price of Ethereum above $4,000, similar to the impact of Bitcoin ETFs. However, the SEC must still declare the S-1 statements effective before trading can begin.