According to informed sources quoted by Reuters, coordination between Ethereum ETF issuers and regulatory agencies has entered its final stage, and the U.S. Securities and Exchange Commission (SEC) may approve the Ethereum spot ETF as early as July 4th.
Currently, eight asset management companies, including BlackRock, VanEck, and Franklin Templeton, have submitted applications for the Ethereum spot ETF and are seeking approval from the SEC. Insiders revealed that the process of revising the prospectus has progressed to the point where only some “minor” issues need to be resolved. A lawyer working with one of the issuers also stated that they are currently “in the final stage” and the approval process may not exceed one or two weeks.
However, many market analysts believe that Ethereum may not generate the same market demand as Bitcoin. Bryan Armour, an ETF analyst at Morningstar, stated in an interview that due to differences in market size and nature between the two cryptocurrencies, the inflow of funds when the Ethereum ETF is launched may be more moderate.
