🚀🚀 Hold on to your hats, BTC enthusiasts! The US Securities and Exchange Commission (SEC) is reportedly on the brink of approving tweaks to spot Ethereum ETFs by July 4th! 🎆🎆

This exciting news comes as discussions between asset managers and regulators are reaching their final stages. Among the eight asset managers involved are big names like BlackRock, Franklin Templeton, and Grayscale Investments. These firms had previously launched spot Bitcoin ETFs in January, overcoming a decade-long struggle with regulators.

The approval process for the Ethereum ETFs is said to be progressing smoothly, with only minor issues remaining to be resolved. The green light is expected to be given in a week or two, according to insiders.

Despite the buzz, the SEC and its Chair Gary Gensler have kept mum on the matter. However, in a recent Bloomberg interview, Gensler expressed optimism about approving these investment vehicles, hinting that they might go live during the summer. ☀️☀️

Analysts predict that these spot Ethereum ETFs could attract over $15 billion in net inflows within their first 18 months in the US market. This prediction is based on Bitcoin ETF data and Ethereum’s market size relative to BTC.

So, BTC lovers, let's keep our eyes peeled for this potential game-changer! 🚀🚀