VanEck has filed Form 8-A for a spot Ethereum ETF, signaling interest from major financial institutions in crypto investments, with anticipation of an S-1 registration in the coming weeks.

It’s noteworthy that the majority, over 80%, of initial crypto spot ETF investments were from retail investors. VanEck’s filing for a spot Ethereum (ETH) ETF signals a shift, indicating that major financial institutions are now stepping up their Ethereum investment efforts. 

There is a growing expectation that an S-1 registration for spot ETH ETFs will be filed in the coming weeks, and VanEck has just submitted its 8-A form. 

As Eric Balchunas, Bloomberg’s senior ETF analyst, posted, this 8-A form is a crucial step in the process leading to the launch of any ETF product. 

Balchunas believes that trading could commence soon, noting that VanEck filed its Form 8-A spot Bitcoin (BTC) trading seven days before its spot BTC ETF product went live in January. Balchunas believes that the launch date could be on July 2.

Form S-1, also known as a “registration form,” is the initial registration form that a company files with the U.S. Securities and Exchange Commission (SEC) when it decides to go public. 

This form is required for all companies that want to be officially registered and listed on a public stock exchange. Form 8-A, also known as the Registration of Certain Classes of Securities, is a registration statement required by the SEC for companies seeking to register securities.

The SEC approved 19b-4 forms for eight Ethereum ETFs last month — but before trading can begin, the regulator still has to allow the registration statements to become effective. Previously, firms hoping for a BTC ETF filed Form 8-As about a week before listing.

Implications 

VanEck’s filing is a significant milestone in the development of cryptocurrency investments, particularly for institutional investors interested in ETH investing. This move signals that major financial institutions are ready to act on Ethereum’s potential. 

The recent trend shows that more institutional investors are showing interest in crypto spot ETFs. This shift from retail to institutional investors could lead to more cash inflow and stability in the crypto market. 

A spot crypto ETF tracks the price of a specific crypto and invests portfolio funds into that crypto. These funds are traded on public exchanges but generally track a particular crypto. Like similar funds, crypto ETFs are on regular stock exchanges, and investors can keep them in their standard brokerage accounts.

This news comes as Vaneck was just slated to launch Australia’s first-ever spot Bitcoin ETF. 

A crypto whale has withdrawn $75.8 million USDC from Coinbase institutional and invested a significant amount in Ethereum’s biggest presale, ETFSwap (ETFS).

An anonymous crypto whale reportedly withdrew a whopping $75.8 million in USDC from their Coinbase Institutional account on Friday night. This move follows the bull market widely predicted to happen in the coming weeks. An in-depth investigation into the event reveals that a large chunk of the money was used to acquire ETFSwap (ETFS) tokens in Ethereum’s biggest presale, making waves in the crypto community.

Crypto Whale Withdraws $75.8 Million In USDC From Coinbase Institutional 

Whale Alert, an X (formerly Twitter) account notable for reporting large and exciting transactions in the crypto community, shared the news of a colossal $75.8 million USDC withdrawal from Coinbase institutional to an unknown wallet on Friday night. 

The post that went viral in the crypto community has caught the attention of crypto enthusiasts, garnering several reactions. Some enthusiasts insist that the anonymous whale enacted the move to diversify their portfolios and gain big in the upcoming bull market later this year. Others believe that the whale wants to sell off the majority of their holdings and probably settle some of the debts they accrued. 

However, whichever the case may be, a click on the web link to the eye-catching transaction shows that the anonymous transaction was made from a Coinbase Institutional account to a new project, ETFSwap (ETFS), firmly believed to be Ethereum’s biggest presale.

ETFSwap (ETFS) Becomes Ethereum’s Biggest Presale 

Like the anonymous whale that bought a large amount of the ETFSwap (ETFS) presale tokens, thousands of crypto investors are still flooding into the presale, with over 50 million tokens already sold out in what is now believed to be Ethereum’s biggest pressale. This reiterates the fact that the crypto community believes in the viability and genuineness of the ETFSwap (ETFS) platform. 

ETFSwap (ETFS) is an Ethereum-based decentralized finance (DeFi) platform that enables users and investors to buy, trade efficiently, and own a wide variety of cryptocurrencies and tokenized exchange-traded funds (ETFs) in a one-stop shop. 

This innovative platform has come at a time when the tokenization of Real-World Assets (RWAs) is being embraced in the cryptocurrency world. At the forefront of this niche, ETFSwap (ETFS) users and investors enjoy the benefits provided by the innovation and flexibility of the decentralized finance realm while trading their various assets.

With the market-making and perpetual futures services available on the platform, trading is fun, seamless, liquid, and efficient on ETFSwap (ETFS). Consequently, users and investors are assured of continuous trading activities without any expiration dates. 

Users can also take absolute advantage of the leverage tool on the platform. The ETFSwap (ETFS) platform enables users and investors to amplify their gains with the 10x leverage option provided. This tool is great for seasoned investors who want to maximize their gains by up to 1,000%, meaning a $1,000 gain can easily be turned into a $10,000 gain. 

Another feature that has swept crypto enthusiasts off their feet is that on ETFSwap (ETFS), users and investors are not required to undergo rigorous KYC verification. They are afforded the platform to trade anonymously. This will, in return, absolve them of any third-party interference, such as banks or regulated bodies. 

Additionally, CyberScope, a leading blockchain security provider, has audited ETFSwap’s (ETFS) smart contracts, and the results show their resistance to cyberattacks. 

Whale’s Investment In The ETFSwap (ETFS) Presale Sends Crypto Community Into A Buying Frenzy

After the whale invested a large amount of his withdrawal from Coinbase into the ETFSwap (ETFS) presale, the platform has seen major market activity, with investors actively buying the token. 

Presently, in Stage 1 of the presale, the ETFS token is priced at $0.00854 and is selling fast due to this being the lowest price the token will ever be. Therefore, there is no better time to invest in the highly esteemed ETFSwap (ETFS) project than now, especially after analysts have predicted it will go parabolic when the bull run begins.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

The chief investment officer of crypto fund manager Bitwise says the halving event for Bitcoin (BTC) is a bullish catalyst.

In a new interview with CNBC Squawk Box host Andrew Sorkin, Bitwise CIO Matt Hougan says that the April 19th halving, when miners’ rewards are cut in half, could spark a massive rally based on historic precedence.

However, he predicts that the bullish effects will be felt in the long term only.

“I think this is a buy-the-news event if you pan out long-term. If you look historically at halvings, the price action around the halving if you look at a week or two weeks is relatively muted, but if you look out a year, the Bitcoin price has rallied substantially after each of the past three halvings and I think it will do so again. I think you can overthink this.

The amount of new supply of Bitcoin coming into the market is being cut in half, removing $11 billion of annual supply. I think big picture that has to be good for price and that’s what I would expect over the next year.”

He also believes the spot Bitcoin exchange-traded funds (ETFs) will funnel more liquidity into the top-performing digital asset, boosting its value.

“What ETFs have done is they’ve unlocked the ability for professional investors to access this market. It’s very difficult for endowments, advisors, and family offices to buy Bitcoin on an app. It’s much easier in an ETF. So I think the marginal new buyers are in the ETF…

Bitcoin is going through both a demand shock from the launch of the ETF and a supply shock from this Bitcoin halving. Those are happening at the exact same time. And that’s a really exciting set up for the next year ahead.”

Bitcoin is trading for $63,862 at time of writing, up slightly in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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