The Ethereum spot exchange-traded fund (ETF) may be approved and is expected to be launched as soon as late next week or July 15; at the same time, the U.S. Congress will vote on whether to overturn the SECâs SAB 121, an announcement requiring financial institutions to Listing customersâ digital assets in financial statements has sparked widespread discussion inside and outside the industry.
The ETFs "will likely be available late next week or the week of July 15," said James Seyffart and Eric Balchunas, ETF analysts at Bloomberg Intelligence. ETF Store President Nate Geraci echoed this sentiment.
"It would be shocking if the spot ETH ETF didn't trade in the next two weeks. Late next week is possible, but I think the week of July 15 is more likely," he noted.
The SEC approval process remains critical for these ETFs to begin trading. Although the SEC has approved Form 19b-4, the issuer still requires approval of Form S-1 to proceed.
