Ethereum ETFs Will Be Approved in a Few Weeks, Galaxy Says
According to the head of asset management at Galaxy Digital, the approval for spot Ether exchange-traded funds may take a few weeks rather than days, with a decision expected sometime in July.
In a recent interview with Bloomberg TV on July 2, Steve Kurz also mentioned that this process is similar to what has been done before and that the SEC is being thorough with their evaluation.
Currently, Galaxy Digital is one of eight asset managers with a proposed spot Ether ETF being reviewed by the SEC, in collaboration with Invesco.
Kurz’s opinion is in line with other ETF analysts who have also estimated a timeline similar to his, such as Bloomberg’s ETF analyst Eric Balchunas who recently pushed back his early July estimate for ETF approvals due to the SEC taking extra time to review applicants’ S-1 paperwork.
