According to PANews, three industry sources said that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management companies to start trading Ethereum spot ETFs starting next Tuesday. A total of eight asset management companies hope to launch such funds.
Approval is conditional on the applicants submitting final offering documents to regulators by the end of this week, the sources said. All eight companies are expected to launch such funds simultaneously, one of the people said.
Industry sources revealed that the applications of eight asset management companies, including BlackRock, VanEck and Franklin Templeton, are likely to be approved by the SEC on Monday afternoon, July 22, and the relevant products are expected to start trading the next day.
A spokesman for the U.S. Securities and Exchange Commission (SEC) said the agency does not comment on individual filings.
