Ether ETF Enters Final Stage Reuters Approval Expected by July 4th at the Earliest

Ether ETF Enters Final Stage Reuters Approval Expected by July 4th at the Earliest

Ether ETF Enters Final Stage Reuters Approval Expected by July 4th at the Earliest

According to Reuters, coordination between the Ethereum ETF issuers and regulatory authorities has entered its final stage. The U.S. Securities and Exchange Commission (SEC) may approve an spot as early as July 4th. Currently, eight asset management companies, BlackRock, VanEck, and Franklin Templeton, have submitted applications for an Ethereum ETF and are seeking approval from the SEC. Informed sources revealed that the process of the prospectus has progressed to only needing to resolve some “minor” issues. A lawyer with one of the issuers also stated that they are currently in the “final stage and the approval process may not exceed one or two weeks.

However, many market analysts that Ether may not generate the same market demand as Bitcoin. Bryan Armour, an ETF analyst Morningstar, stated that due to differences in market size and nature between these two cryptocurrencies an ETF is launched, capital inflows may be more moderate.