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CDS Crypto News SEC Could Approve Spot Ethereum ETFs by July 4, Sources Say

Crypto News

SEC Could Approve Spot Ethereum ETFs by July 4, Sources Say

Zeynep Öztürk27/06/20241 Mins read171

SEC Could Approve Spot Ethereum ETFs by July 4, Sources Say

According to a Reuters report citing anonymous sources, the Securities and Exchange Commission (SEC) may approve applications for spot Ethereum ETFs as early as July 4. The report highlights that discussions between asset managers and regulators are in the final stages, with industry executives and other participants confirming the progress.

On Tuesday, acting SEC Chair Gary Gensler stated that the process for launching spot Ethereum ETFs is “going smoothly.” In a related development, VanEck filed a Form 8-A for its Ethereum ETF on the same day, suggesting that the fund could soon be available for trading on an exchange.

The potential launch date of July 4 aligns closely with the predictions made by Bloomberg’s Senior ETF Analyst, Eric Balchunas.

Last month, the SEC approved 19b-4 forms for eight Ethereum ETFs. Companies seeking to introduce these new financial instruments are now waiting for their registration statements, or S-1s, to become effective before trading can commence.