- SEC likely to approve spot ether ETFs by July 4.
- ETFs expected to launch quickly after final document approval.
- Ether ETFs may see less investor excitement compared to bitcoin.
The U.S. Securities and Exchange Commission is on the brink of approving multiple Exchange-Traded Funds (ETFs) tracking the spot price of ether (ETH), potentially as early as July 4th. This landmark decision follows extensive discussions between regulators and major asset managers, including BlackRock, VanEck, and Grayscale Investments.
Industry insiders reveal that eight asset managers, including BlackRock, VanEck, Franklin Templeton, and Grayscale Investments, lead this effort. These firms previously launched bitcoin spot ETFs in January, marking a major milestone after years of regulatory hurdles.
Sources familiar with the matter say that final amendments to the offering documents, primarily addressing minor issues, are nearing completion. This finalization is key to the ETFs’ official launch.
Despite the successful launch of bitcoin ETFs, which saw substantial investment, analysts anticipate a more muted response to the ether ETFs. Factors like a smaller market and recent ether price declines could dampen investor enthusiasm compared to bitcoin.
The SEC, while declining comment on ongoing processes, has already approved necessary rule changes for major exchanges like the NYSE, Nasdaq, and Cboe. This approval paves the way for listing and trading of the new products, potentially within 24 hours of SEC staff clearance.
In a recent episode of Delphi Digital’s Hivemind podcast, crypto experts discussed the potential impact of upcoming Ethereum and Solana ETFs, providing critical insights into market sentiment and the implications of these financial instruments.
The incumbent approval of ether ETFs will mark a milestone in the mainstream adoption of cryptocurrencies with growing institutional interest and paving the way for further regulatory acceptance of digital assets.
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