10x Research: Ether Spot ETF Expected to Attract $2.8 Billion in Funding, Approval Expected July 2

10x Research CEO Markus Thielen said in a post that an ethereum spot ETF could be approved any day now and is expected to launch next week.

VanEck's CEO met with U.S. SEC officials on Monday and has filed a Form 8-A application for its spot ETF for ethereum, which could be approved next Tuesday, July 2, based on the timing of VanEck's Form 8-A filing, which was filed seven days prior to the approval of the bitcoin ETF, which is expected to be approved next Tuesday, July 2. VanEck's ETF for bitcoin has a custody size of $600 million.

The general expectation is that the Ether ETF will attract about 15-20% ($14 billion) of the Bitcoin ETF's capitalization, which is expected to reach $2.8 billion (roughly the amount of the increase in open Ether perpetual futures positions since the May 20 announcement), so the market is ready for this approval.