SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources
Issuers have been asked to submit their final S-1 documents by Wednesday 👻
Once live on the market, the spot ether ETFs could see inflows of up to $5 billion in the first six months, crypto exchange Gemini predicts. Steno Research said it expects inflows of up to $20 billion in the first year. 😍
ETH exchange traded-funds issuers were told by the SEC that funds can start trading July 23, according to sources.The SEC had no further comments on the recently submitted S-1s and the final versions needs to be submitted by Wednesday. ETH outperformed BTC on Monday, on the news of potential ETF trading approval.
