Citing people familiar with the matter, Reuters reported that coordination between Ethereum ETF issuers and regulators has entered the final stages, and the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum spot ETF as soon as July 4.
Currently, eight asset management companies including BlackRock, VanEck, Franklin Templeton and others have submitted applications for Ethereum spot ETFs and are seeking approval from the SEC. According to people familiar with the matter, the process of revising the issuance documents has progressed to the point where only a few "minor" issues need to be resolved. Another lawyer working with one of the publishers also said that it is "in the final stages" and approval may not take more than a week or two.
However, many market analysts believe that Ethereum may not generate the same market demand as Bitcoin. Morningstar ETF analyst Bryan Armor said in an interview that inflows are likely to be more modest when the Ethereum ETF launches, given the differences in the market size and nature of the two cryptocurrencies.
“For Bitcoin, there’s been pent-up demand and investor interest for a decade. The two don’t create the same excitement.”
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