tl;dr
There are speculations about when the US Securities and Exchange Commission (SEC) will approve spot Ethereum ETF trading. The SEC received eight registrations for spot Ethereum ETFs from various financial companies. The Chairman of the SEC, Gary Gensler, confirmed that the approval process is progre...
Speculations continue about the approval of spot Ethereum ETF trading by the United States Securities and Exchange Commission (SEC). The last round of S-1 revisions for spot Ethereum ETFs has been completed, and there are expectations of SEC communication on trading commencement soon. Approval for spot Ethereum ETF trading is anticipated within the next two to three weeks, aligning with previous July approval speculations.
The next two weeks are crucial for the crypto market, with analysts and Bitwise CEO suggesting a potential approval by July 4. Most spot Ethereum ETF applicants are nearing decisions on sponsor fees, with Franklin Templeton and VanEck already revealing theirs. There are still speculations about when the US Securities and Exchange Commission (SEC) will approve spot Ethereum ETF trading.
Last round of S-1 revisions for spot Ethereum ETFs: After requesting that applicants submit their S-1 amendment filings, the securities regulator received eight registrations in total. These filings were from BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco. The Chairman of the SEC, Gary Gensler, confirmed that the approval process for spot Ethereum ETF is going smoothly.
If this is the case, spot Ethereum ETF applicants may not have to bother about making any major adjustments to their proposed rule change. The source in Geraci's screenshot highlighted that the approval is expected within the next two to three weeks.
Spot Ethereum ETF trading approval in July: This is still in line with analysts who previously speculated that the approval could come in the first week of July, either before 2nd or 4th. Bitwise CEO Hunter Horsley suggested the likelihood of an approval by July 4. As it stands, most of the spot Ethereum ETF applicants may only have to decide on their sponsor fee, a subject that they are avoiding.