CryptoIntelligence
2024-05-25 13:33:26

Spot Ether ETFs Could Launch by Mid-June Following SEC Approval Process

The newly-approved spot Ether (ETH) exchange-traded funds (ETFs) could launch as early as mid-June if the United States securities regulator follows a timeline similar to its spot Bitcoin ETF process. Spot Ether ETFs received approval for their 19b-4 filings, allowing the funds to be listed on their respective exchanges. However, applicants must first obtain approved S-1 registration statements to begin trading. Bloomberg ETF analyst James Seyffart has suggested that S-1 approvals could come in a “couple of weeks,” though he also noted that the process could take longer, typically up to five months. Fellow Bloomberg ETF analyst Eric Balchunas responded

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