**Breaking News: SEC Nears Approval for Spot Ether ETFs**

The U.S. Securities and Exchange Commission (SEC) is reportedly on the brink of approving spot Ether (ETH) exchange-traded funds (ETFs) for at least three asset managers. Sources indicate that BlackRock, Franklin Templeton, and VanEck have received preliminary approval, with final documents due by the end of this week.

Other contenders like Fidelity, ARK 21Shares, Grayscale, Bitwise, and Invesco Galaxy are also in the race. All eight ETFs might launch simultaneously, similar to the rollout of spot Bitcoin ETFs.

The SEC has instructed issuers to submit final S-1 filings by July 16, with official approval expected next Monday. Trading could start as early as Tuesday, July 23. Ether is currently trading at $3,484, up 6.7% in the last 24 hours.