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