Approval of Ethereum ETFs could be just around the corner, according to top experts suggestion a possible date of July 2. As Guru-Investingrecently reported, SEC chief Gary Gensler hinted that the agency could approve S-1 forms for spot exchange-traded funds in major altcoins “sometime this summer.”
Approval of Ethereum ETFs could be just around the corner, according to top experts suggestion a possible date of July 2. As Guru-Investingrecently reported, SEC chief Gary Gensler hinted that the agency could approve S-1 forms for spot exchange-traded funds in major altcoins “sometime this summer.”
The SEC has already taken steps to allow eight Ethereum ETFs to be listed and traded by approving rule changes. However, S-1 registration forms, which contain detailed information about the products, are still needed before they can go live. The SEC asked issuers for updated S-1 forms in late May, indicating the process is still moving forward.
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Eric Balchunas, senior ETF analyst for Bloomberg, predicted that the regulator could approve these forms before July 2. He noted that SEC staff recently sent issuers minor comments on the forms and asked for responses within a week. The expert believes there is a good chance the commission will finalize its decision before Independence Day weekend, making July 2 a likely date for approval.
Nate Geraci, another ETF analyst, also sees this as a positive sign and suggests there isn’t much left to do before final approval.
Gamza KhanzadaevThe potential approval of Ethereum ETFs may become a pivotal event for the cryptocurrency market as it could open up new investment opportunities and drive greater adoption of digital assets. As the SEC nears its final decision, the community is watching closely, anticipating the impact for both institutional and retail investors.
