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VanEck: From John to Jan
Established in the last century, VanEck has transitioned from a modest family business into a global investment behemoth. Under Jan van Eck's leadership, it has adapted to the modern financial world's demands, positioning itself as a dominant force in the ETF market. Here's a closer look at the Van Eck family's legacy. BlackRock Starts Shilling Ethereum
Jay Jacobs, BlackRock's Head of Thematic and Active ETFs, explained the primary allure of ETH compared to BTC while presenting the company's spot Ethereum ETF to investors. He emphasized that Bitcoin's main attraction is its scarcity, whereas Ethereum's appeal lies in its versatility. Spot ETH ETFs are Set to Launch Amidst Mt. Gox Reimbursements
Bloomberg's senior ETF analyst, Eric Balchunas, has revealed that the SEC asked applicants to submit their final S-1 form documents by Wednesday, along with a request for effectiveness on Monday. This suggests that the launch could happen on Tuesday, July 23. 
AllianceBernstein Anticipates SEC Approval for Ethereum ETF
Asset management firm AllianceBernste posits that Ethereum (ETH) might be the only cryptocurrency to follow Bitcoin in receiving the green light from the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF). Analysts from the firm estimate a 50% chance of an Ethereum ETF being approved by May 2024, with the likelihood nearing 100% by the end of the year. Bitcoin Fever: Miners Overwhelmed by Rising Demand
The exponential rise in Bitcoin demand is outpacing supply. Currently, miners are producing around 1,000 BTC per day, while spot exchange-traded funds (ETFs) have acquired over 10,000 BTC in just the last two days. What implications does this have for the market, and how will the April halving event affect the situation? 
Shift in Analysts' Predictions for Ethereum Spot ETF
Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term. 
A Recap of the First Day in U.S. Spot ETH ETF Trading
July 23 marked the debut of spot Ethereum ETFs in the U.S. trading markets. According to data from a Bloomberg terminal screenshot shared by analyst James Seyffart, the total net inflows amounted to approximately $106.8 million, with the overall trading volume surpassing $1.11 billion. 
Investment Advisors Cautious About Recommending Bitcoin ETFs
BlackRock’s chief investment officer of ETF, Samara Cohen, points out that spot Bitcoin ETFs are progressing slowly due to financial advisors' initial exploration of this investment product. According to the firm, about 80% of all current purchases come from individual investors. VanEck's CEO Calls for Cutting Transaction Fees
VanEck CEO Jan van Eck is championing a shift in focus towards decreasing transaction fees on Ethereum and Bitcoin, rather than pushing for another spot ETF. He argues that the unpredictable and often high fees significantly hinder both app developers and end-users. 
Valkyrie Anticipates No Immediate Launch of an Ethereum ETF
Valkyrie Chief Investment Officer Steven McClurg believes that a spot Ethereum ETF is unlikely to come soon, though it could be approved by 2026. He advises against drawing parallels with the Bitcoin ETF, highlighting significant differences between the two cryptocurrencies. HANetf Anticipates Closure of Numerous Bitcoin ETFs
HANetf, Europe’s independent ETF provider, predicts the closure of several American Bitcoin ETFs due to profitability challenges. This situation could arise from excessively low fees set by major players, which small or developing investment firms cannot match.