🔥 Crypto Breaking News: SEC has given preliminary approval to at least 3 spot Ether ETFs! 🚀

- These funds include BlackRock, Franklin Templeton and VanEck.

- Other candidates such as Fidelity, ARK 21Shares, Grayscale, Bitwise and Invesco Galaxy are also in the race.

- All eight Ether ETFs are expected to launch at the same time next Tuesday.

📈 According to Bloomberg, the SEC requires issuers to submit final S-1 filings on July 16.

- Fees for Ether ETFs must also be disclosed in this filing.

- The SEC will officially approve it on Monday after trading hours, allowing the funds to begin trading on July 23.

💬 Katherine Dowling from Bitwise said the approval process is progressing well, predicting investment cash flow into these funds could reach $15 billion in the first 18 months.

ETH is currently trading at $3,484, up 6.7% in the past 24 hours.

👉 What do you think about this event? Comment now!