Ethereum spot ETF approval has made significant progress!
There is exciting news that the U.S. Securities and Exchange Commission (SEC) has approved the review of Ethereum spot ETF trading. It is reported that the SEC has completed the review of the S-1 amendments submitted by eight institutions (including well-known institutions such as BlackRock and Fidelity Investments) for the spot Ethereum ETF application and approved the content of the amendment. SEC Chairman Gary Gensler also publicly stated that he is positive about the approval of the spot Ethereum ETF.
Industry insiders revealed that the latest round of S-1 amendments has a small revision, which suggests that the SEC may soon complete the approval process and no further requirements for applicants to make major adjustments. In other words, the possibility of the spot Ethereum ETF being approved for trading has greatly increased, and there may be only two to three weeks left before it is officially launched.
This news is basically consistent with the predictions of market analysts. Previously, analysts generally believed that the approval would be completed in early July (around July 2 or 4). With the approval of the spot Ethereum ETF approaching, the cryptocurrency market is expected to usher in a major positive situation.
It should be noted that only Franklin Templeton and VanEck have announced the management fees of their ETFs, which are 0.19% and 0.20% respectively. It is worth mentioning that VanEck generously announced that it will waive management fees for its Ethereum ETF for a limited time (the specific deadline is 2025 or when the management scale reaches US$1.5 billion).
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