VanEck celebrates SEC approval with Ethereum ETF ad
After the Securities and Exchange Commission (SEC) Approval of VanEck’s 19b-4 filing In the case of spot Ether exchange-traded fund (ETF), The investment manager celebrated: This ad encourages viewers to ‘enter the ether’.
This advertisement, which was published on X on May 23, was published just 30 minutes after the SEC’s decision.
The SEC’s approval also included the following documents: BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise.
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Despite this approval, The SEC still must approve each ETF’s S-1 filing. Before trading begins, Analysts predict it could take months.
VanEck’s artistic ad suggests: Ethereum can drive a more decentralized and open source economy. That potential, he added, lies in the hands of “you and me.” At the time of this writing, the advertisement Over 1,400 reposts, over 362,400 views.
Reaction to the ad was generally positive. Colin Goltra, Chief Operating Officer at Yield Guild Games, said: “it’s tough” I appreciate how to avoid buzzwords like “Web3” and still be effective.
own layer Kudos to VanEck’s intern behind the ad. And he jokingly offered $1,000 to anyone who could connect him with an intern.
Andrew Thurman of the Jito Foundation humorously We mentioned the differences between Bitcoin and Ether ETF ads. Proverb:
They advertise the BTC ETF to your grandpa who collects gold coins. They advertise the ETH ETF to their bar buddy who took too many mushrooms and lived in a yurt for a year.
In contrast to VanEck’s aggressive marketing, other asset managers with 19b-4 approvals have not yet released advertisements. Only Grayscale and Bitwise acknowledged approval of X’s post.
With the approval of these ETFs, the cryptocurrency market is poised to make major developments while awaiting SEC’s final approval of the S-1 filings.
Meanwhile, cryptocurrency enthusiasts are already speculating which cryptocurrency will be next to receive spot ETFs. Brian Kelly, CEO of BKCM Digital Asset Fund, suggested on CNBC’s ‘Fast Money’ that Solana could be a strong candidate following Bitcoin and Ethereum.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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