The approval process for Ethereum spot ETFs seems to have entered the final stage.

On June 22, all applicants submitted an updated version of the S-1 registration application. Once the SEC approves the final S-1 document, the Ethereum spot ETF can be listed and traded within 24 hours at the earliest. Senior executives of two anonymous companies revealed that the process of revising the S-1 document has progressed to the point where only "minor issues" remain to be resolved. A lawyer working with one of the issuers also said that the approval process is currently "entering the final stage" and approval "may not exceed one or two weeks."

Bloomberg analysts estimate that the earliest launch will be July 2. Although the SEC declined to comment on this, SEC Chairman Gary Gensler revealed in an interview yesterday that "progress is going smoothly." Bloomberg ETF analyst Eric Balchunas, who accurately predicted the issuance time of Bitcoin futures/spot ETFs, also optimistically predicted in mid-month that the SEC is likely to formally approve these ETFs next week and advance their predicted listing date for Ethereum spot ETFs to "July 2."

There are signs that the Ethereum spot ETF is only one mile away from being listed, but many ETF and cryptocurrency analysts believe that the inflows after the launch of the Ethereum spot ETF are much inferior to those of the Bitcoin spot ETF that was listed at the beginning of the year. Analysts discuss potential inflows of spot Ethereum ETFs Asset management companies hope to build on the success of the spot Bitcoin ETF in January, which attracted $14 billion in inflows.

In particular, Grayscale aims to transform existing trusts into spot Ethereum ETFs. This reflects a strategic move to expand cryptocurrency investment options. Senior ETF analyst Eric Balchunas said that these Ethereum-based funds could be launched as early as July 2. And according to Reuters, the U.S. Securities and Exchange Commission may approve spot Ethereum ETFs by July 4.

Although discussions are still ongoing, sources revealed that the remaining hurdles are only minor adjustments to the issuance documents, which are now close to final approval. Expectations are high for the market's response to these new ETFs. Similar to Bitcoin's debut, according to SoSoValue, the assets of the products earlier this year surged to nearly $52.96 billion as of June 26. #以太坊ETF批准预期 $BTC $ETH $BNB