According to Odaily, the U.S. Securities and Exchange Commission (SEC) has given preliminary approval to at least three out of eight asset management companies to launch Ethereum (ETH) Exchange-Traded Funds (ETFs). The final approval is contingent upon the applicants submitting their final issuance documents to the regulatory body by the end of this week. Additionally, one source indicated that all eight companies are expected to launch their ETH ETFs simultaneously. An SEC spokesperson stated that the agency does not comment on individual filings.