CoinVoice has recently learned that according to Reuters, three industry insiders said that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management companies to start trading Ethereum spot ETFs from next Tuesday, and a total of eight asset management companies hope to launch such funds. The latest insider said that the approval is subject to the applicant submitting the final issuance documents to the regulator before the end of this week. One of the people said that all eight companies are expected to launch such funds at the same time. A spokesman for the U.S. Securities and Exchange Commission (SEC) said that the agency does not comment on individual applications.

According to the latest industry insiders, the applications of eight asset management companies, including BlackRock, VanEck and Franklin Templeton, are likely to be approved by the SEC on Monday afternoon, July 22, and the relevant products are expected to start trading the next day. [Original link]