Reuters quotes informed sources as saying that the coordination between Ethereum ETF issuers and regulatory authorities has entered its stage, and the U.S. Securities and Exchange Commission (SEC) could approve Ethereum spot ETF as early as July 4th.
Currently, eight asset management companies, including BlackRock, VanEck, Franklin Templeton, have applications for an Ethereum spot ETF and are seeking approval from the SEC. Insiders reveal the process of amending the prospectus has progressed to a stage where only “minor” issues need to be resolved A lawyer working with one of the issuers also stated that they are currently in the “final stage,” the time required for approval may not exceed one or two weeks.
However, many market analysts believe that Ethereum may not generate the same market demand as Bitcoin did Bryan Armour, an ETF analyst at Morningstar, stated during an interview that given the in market size and nature between these two cryptocurrencies when an Ethereum ETF is launched, fund inflows may be more moderate.