Odaily Planet Daily News: Galaxy Digital Asset Management Director Steve Kurz said the U.S. SEC may approve a spot Ethereum ETF by the end of July, and described the prospects for other crypto ETFs. Kurz said he expects the Ethereum spot ETF may be approved in "weeks, not days," but within a month. He said Galaxy has been working with the U.S. SEC on the application for months, and noted that the company's upcoming spot Ethereum ETF is similar to the existing spot Bitcoin ETF (BTCO). Galaxy partnered with investment management company Invesco to create the two funds. Kurz is also optimistic about the approval of other spot crypto ETFs other than Ethereum. He said legislation, including laws defining securities, is necessary, and he believes that this process will proceed even if Biden continues to serve as president. (CryptoSlate)
