The SEC has approved 19b-4 applications for 8 Ethereum Spot ETF issuers including:

BlackRock

Fidelity

Grayscale

Bitwise

VanEck

Ark/21Shares

Invesco Galaxy

Franklin Templeton

However, this does not mean that funds can start trading from tomorrow, but the SEC needs to further approve S-1 applications, filed by ETF issuers.

This process is expected to take several weeks or longer. Galaxy predicts it will take until July - August for the funds to come into operation.

Standard Chartered optimistically predicts that between 15 and 45 billion USD will be poured into the ETH ETF in the first 12 months of trading.