SEC is expected to approve spot Ether ETFs, trading to start next week

From Investing.com

July 15, 2024 4:41:31 pm:

The US SEC is expected to approve spot Ether ETFs by July 23rd, informed by industry insiders receiving notice to submit final documents by July 23rd.

Market analysts anticipate the launch of new ETFs on July 23rd after SEC requested final S-1 documents earlier this week.

Major financial players like BlackRock and Fidelity have been in discussions with the SEC to launch spot Ether ETFs.

Approval of spot ETFs follows successful January launch, with institutions eager to introduce ETFs for investors to speculate on Ether’s price without directly purchasing the cryptocurrency.

Read more at Investing.com: SEC nears approval of Ether ETFs, trading expected to start next week By Investing.com