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Based on anonymous sources, Reuters reported that the Securities and Exchange Commission might accept applications for spot Ethereum ETFs as soon as July 4.
Industry leaders and other participants told Reuters the SEC “could approve exchange traded funds tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages,” the report published Wednesday said.
Acting SEC chair Gary Gensler said on Tuesday that the Ethereum ETF launching process was “going smoothly.” VanEck also registered a Form 8-A for its Ethereum ETF that same day, perhaps suggesting that the product would soon be trading on an exchange.
Launching by July 4 closely matches the forecasts of Senior ETF analyst Eric Balchunas of Bloomberg.
Last month, the SEC approved forms for eight Ethereum ETFs, 19b-4 forms. Companies trying to introduce the new financial products wait for their S-1s, or registration statements, to be effective before trading starts.
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