VanEck Aims to Launch Spot Ethereum ETF Before Competitors
The Head of Digital Assets Research at VanEck, Matthew Sigel, recently stated on Twitter that the firm is aiming to launch its spot Ethereum ETF before its competitors. In a conversation hosted by The Block, Sigel mentioned that VanEck was the first to file its S-1 registration statement and anticipates being the first to receive comments and move forward.
Sigel raised concerns about the SEC’s practice of simultaneously approving all spot Bitcoin ETFs, stating that it still resulted in the selection of certain winners with significant assets under management. He urged the SEC to respect the queue and allow the first-come, first-served approach for issuers planning product launches.
VanEck is awaiting the SEC’s decision on its spot ETH ETF application on May 23. The firm’s stance has caused some discussions within the industry about the approval process, with various analysts and experts weighing in on the matter.
As the decision date approaches, the crypto community is eager to see whether VanEck will indeed be the first to launch its spot Ethereum ETF in the market.
