Ethereum updates are very frequent

Colin Wu, a well-known Chinese cryptocurrency journalist and blogger, reported that applicants for Ethereum spot ETFs have updated their filings, senior ETF analyst Bloomberg revealed.

According to the documents submitted, Franklin set the Ethereum ETF's fees at 0.19%, while VanEck set its fees at 0.2%.

In a significant move, BlackRock, the world's largest asset manager, announced an initial investment of $10 million in Ethereum Futures ETFs, with an undisclosed lead investor purchasing shares worth $10 million.

Eric Balchunas believes that potential approval for Ethereum spot ETFs could come on July 2.

This comes after the same companies last January received SEC approval for spot deposits of Bitcoin ETFs, which have since begun accumulating large amounts of Bitcoin on a daily basis.

On the other hand, in a positive development, Consensys announced earlier this week that the US Securities and Exchange Commission (SEC) had concluded its investigation into Ethereum 2.0 without taking any regulatory measures, which represents a major victory for the Ethereum team and ETH holders.

This announcement caused the price of ETH to rise by nearly 5%, exceeding $3,500.

However, despite crossing the $3,600 mark on Thursday, the price of Ethereum (ETH) subsequently saw a decline to $3,486 so far (at the time of publishing this post).

Posted using Tribaldex Blog