Insider: US SEC may approve Ethereum spot ETF as early as July 4

PANews reported on June 27 that Reuters quoted industry executives and other people familiar with the matter as saying that the U.S. Securities and Exchange Commission (SEC) may approve the Ethereum spot ETF as early as July 4, and negotiations between asset management companies and regulators have entered the final stage. Eight asset management companies, including BlackRock, VanEck, Franklin Templeton and Grayscale, are seeking SEC approval for these funds. They said the process of revising the issuance documents has progressed to the point where only "minor" problems need to be resolved. A lawyer working with one of the issuing companies also said that only the "final touches" are left, and approval may not take more than a week or two. Bloomberg ETF analyst Eric Balchunas previously expected that the Ethereum spot ETF would be approved as early as July 2.