Techub News reported that Reuters quoted people familiar with the matter as saying that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three of the eight asset management companies to launch Ethereum spot ETFs, which will start trading next Tuesday.

People familiar with the matter said that approval depends on the applicant submitting final issuance documents to regulators before the end of this week. One of them said that all eight Ethereum spot ETFs are expected to be listed at the same time.