SEC Could Approve Spot Ether ETFs Launch Next Thursday

According to sources familiar with the matter, the US Securities and Exchange Commission is in the final stages of approving exchange traded funds (ETFs) tied to the spot price of Ether and the official approval could come as early as July 4.

A group of eight asset managers, including notable names like BlackRock, VanEck, Franklin Templeton, and Grayscale Investments, is seeking approval for the funds. Most of these firms have previously released spot bitcoin ETFs in January, after a decade-long regulatory battle. Grayscale Investments also plans to convert an existing trust into an ETF.

Sources within the industry state that the process of amending the offering documents is almost complete, with only minor issues left to resolve.

These revisions must be approved before the ETFs can be launched. A lawyer representing one of the issuers stated that they are in the final stages and approval is expected within the next one to two weeks. When asked, the SEC declined to comment on the matter.