Steve Kurz, head of Galaxy Digital Asset Management, revealed that the U.S. Securities and Exchange Commission (SEC) may approve a spot Ethereum ETF by the end of July and expressed optimism about more cryptocurrency ETFs. Kurz pointed out that the approval process is expected to be completed in a few weeks, not a few days or a month. Galaxy Digital has been working with the SEC for months, especially their upcoming spot Ethereum ETF is similar to the existing spot Bitcoin ETF (BTCO). The two funds are the result of Galaxy's cooperation with investment management company Invesco.
This news shows that the market may soon witness the launch of more cryptocurrency investment tools, providing investors with new opportunities to participate and diversify their portfolios.
