Anticipating the launch of Ethereum ETFs in the coming hours?
Three sources said that the US Securities and Exchange Commission (SEC) has given preliminary approval to at least three out of eight asset managers to launch Ethereum ETFs.
Nate Geraci, an expert on ETFs, noted this development in a post on the The eight together.
The announcement followed his forecast on July 15, where he optimistically indicated that ETFs would soon be approved
Sources indicate that prominent asset managers such as BlackRock, VanEck, and Franklin Templeton expect to receive final approval from the Securities and Exchange Commission by July 22, with trading to begin the next day.
However, this final approval is dependent on applicants submitting final offer documents by the end of this week.
