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10x Research CEO: VanEck executives meet with the US SEC on Monday, and the market is ready for the approval of Ethereum ETF.
10x Research CEO Markus Thielen disclosed in a post on the X platform that VanEck's CEO met with the U.S. Securities and Exchange Commission (SEC) on Monday. VanEck submitted an 8-A form seven days before the approval of the Bitcoin ETF, indicating that the Ethereum ETF may be approved on Tuesday, July 2nd. VanEck's Bitcoin ETF has a $600 million asset management scale. It is widely expected that the Ethereum ETF will attract about 15-20% (approximately $14 billion) of the funds from the Bitcoin ETF, reaching approximately $2.8 billion (approximately the amount of increase in open interest of Ethereum perpetual futures contracts since the news on May 20th), so the market is already prepared for this approval.