HomeNewsSpot Ethereum ETFs Could Begin Trading Soon as SEC Concludes Amendment Reviews

Spot Ethereum ETFs Could Begin Trading Soon as SEC Concludes Amendment Reviews

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  • Nate Geraci reports smooth amendment process, suggesting SEC could soon set a trading commencement date for ETFs.
  • Analysts anticipate potential SEC approval of Ethereum ETFs by early July, possibly aligning with U.S. Independence Day.

The path toward launching spot Ethereum Exchange-Traded Funds (ETFs) seems closer to realization as recent regulatory updates suggest approvals could be imminent within the next two to three weeks. 

Nate Geraci, President of ETF Store, indicated that following a round of amendments to the S-1 filings—required for registration with the U.S. Securities and Exchange Commission (SEC)—the process has proceeded smoothly and with minimal additional requests from the regulator.

This update follows a series of filings by significant financial institutions, including BlackRock, Fidelity, and Grayscale, among others, reflecting a growing interest in the crypto ETF space.

These submissions were part of a call by the SEC for amendments, which has seen a responsive wave from eight prominent firms. The SEC’s chairman, Gary Gensler, has noted that the process is unfolding without major issues, suggesting a potential green light soon.

It’s really up to the asset managers to make full disclosure so that these registration statements can take effect,” Gensler explained.

Geraci’s insights reveal that the latest amendments were notably straightforward, implying that no substantial revisions were required from the applicants. This development suggests that the SEC might soon set a date for the ETFs to commence trading, a step that would mark a integration of cryptocurrency into mainstream financial products.

Analysts are aligning their forecasts around a possible approval date, with some pointing to early July as a likely window.

This speculation is buoyed by comments from industry leaders like Matt Hougan, CIO of Bitwise, who hinted at forthcoming positive developments that could predicts spot Ethereum ETFs will attract $15 billion of net inflows in 18 months.

Moreover, the discussion around fees associated with these ETFs has been a point of differentiation among applicants. Franklin Templeton and VanEck have publicly disclosed their proposed fees, with VanEck recently moving to a zero-fee model for its Ethereum ETF until either 2025 or until the fund reaches $1.5 billion in assets.

This aggressive pricing strategy could influence how competitors structure their fees, potentially driving down costs for investors.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628