Today is July 3rd. Didn't it say that the Ethereum spot ETF will be launched on July 9th? Is there still suspense?
Galaxy executives: Spot Ethereum ETF is expected to be listed in July, optimistic about the approval of more crypto ETFs
Galaxy Digital Asset Management Director Steve Kurz said that the U.S. SEC may approve the spot Ethereum ETF by the end of July and described the prospects of other crypto ETFs.
Kurz said he expects the Ethereum spot ETF to be approved in "weeks, not days", but within a month.
He said 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 also 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. (CryptoSlate)
