admin 
Reuters has reported that the US Securities and Exchange Commission (SEC) is on the verge of approving spot Ethereum ETFs, potentially as early as July 4. The news agency cited anonymous sources familiar with the matter.
According to the report, the SEC “could approve exchange-traded funds (ETFs) tied to the spot price of ETH as soon as July 4, as talks between asset managers and regulators enter the final stages.” This information was reportedly shared with Reuters by industry executives and other participants.
SEC Acting Chairman Gary Gensler commented on the process of launching spot Ethereum ETFs on Tuesday, stating that it was “going smoothly.” On the same day, investment management firm VanEck filed a Form 8-A application for its Ethereum ETF, suggesting that the financial instrument could soon be trading on an exchange.
The potential launch date of July 4 closely aligns with predictions made by Bloomberg’s Senior ETF analyst Eric Balchunas.
Last month, the SEC approved 19b-4 forms for eight Ethereum ETFs. Firms seeking to bring these new financial instruments to market are waiting for registration statements, or S-1s, to become effective before trading can commence.
You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’ t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news