@kabber
SEC Chair Gary Gensler indicated that the S-1 filing for an Ethereum Spot ETF might be approved by the end of summer.
On May 24, the U.S. Securities and Exchange Commission (SEC) accepted applications for an Ethereum Spot ETF from various major financial players such as VanEck, Blackrock, and others. Specifically, the SEC approved proposals for an Ethereum ETF from Grayscale and Bitwise to trade on the NYSE; iShares (BlackRock) on Nasdaq; as well as VanEck, ARK/21 Shares, Invesco, Fidelity, and Franklin Templeton on the Cboe BZX exchange.
However, Bloomberg ETF analysts state that the SEC has only approved proposals for an Ethereum ETF based on the 19b-4 filings. According to the process, ETF issuers must complete their S-1 form filings and submit them to the SEC to determine the official start date for trading.
Experts predict that Ethereum ETFs could start trading in July or August, depending on the SEC's response and the resolution of any issues.
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