Spot Ether ETFs Could Begin Trading on July 23

According to sources in the industry, the Securities and Exchange Commission has tentatively approved a minimum of three exchange-traded funds based on Ethereum.

These ETFs could potentially start trading as early as July 23, as reported by Reuters on Monday. However, this approval is dependent on the applicants submitting final offering documents to the SEC by the end of this week.

All eight ETFs applications are expected to launch at the same time. BlackRock, VanEck, and Franklin Templeton are among the eight asset managers whose applications are likely to be approved by the SEC on Monday afternoon.

The products are anticipated to begin trading the following day, as stated in the report. Additionally, Eric Balchunas, an ETF analyst at Bloomberg, stated that the SEC has asked applicants to submit final S-1 documents, which include information on fees, by Wednesday of this week.

He also predicted a launch on July 23, unless any unforeseen last-minute issues arise.