The US Securities and Exchange Commission (SEC) is expected to approve the latest adjustments to spot Ethereum ETFs by July 4, according to industry insiders. Eight asset managers, including BlackRock, Franklin Templeton, and Grayscale Investments, are reportedly in the final stages of discussions with regulators.

The approval process has made significant progress, with only minor issues remaining to be resolved. The SEC and its Chair Gary Gensler have remained tight-lipped about the exact timeline, but Gensler hinted in a recent interview that the funds might go live during the summer.

Bitwise predicts that spot Ethereum ETFs could attract over $15 billion in net inflows within their first 18 months in the US market. This estimate is based on Bitcoin ETF data and Ethereum's market size relative to BTC. The market cap of Ethereum currently stands at $432 billion.