Ethereum ETFs Could Be Approved on July 4
According to industry insiders, the SEC could give the go-ahead for exchange-traded funds (ETFs) connected to the current value of Ether by July 4.
The list of asset managers vying for SEC approval includes big names like BlackRock (BLK), VanEck, Franklin Templeton (BEN), and Grayscale Investments (GBTC).
These firms had previously battled regulatory challenges before launching ETFs linked to Bitcoin’s value in January.
Grayscale plans to convert an existing trust into an ETF, and sources have indicated that the process of making necessary changes to offering documents is almost completed, with only minor issues remaining.
Sources suggest that the SEC’s approval of these ETFs is just around the corner. A lawyer representing one of the issuers mentioned that the approval could come within a week or two.
