Ethereum spot ETFs could launch next week, but minor issues remain: report

The U.S. Securities and Exchange Commission (SEC) could approve the latest changes to Ethereum spot ETFs by July 4, as discussions between asset managers and regulators reach their final stages.

Speaking to several industry insiders, Reuters observed that eight asset managers, including BlackRock, Franklin Templeton and Grayscale Investments, are nearing the final stages. Many of these companies have launched Bitcoin ETF in January after a decade of battling with regulators, and Grayscale is again aiming to convert an existing trust into an ETF.

Ethereum ETFs Ready for July

Executives of two of the companies involved are said to have said Reuters said the process of amending the documents had progressed significantly and only a few “minor” issues remained, which needed to be approved before funds would be released.

According to another lawyer, approval is “probably not more than a week or two away.”

The latest timeline matches that of Bloomberg ETF analyst Eric Balchunas. revelation earlier this month, in which he suggested that the spot Ethereum ETF could be approved before the US July 4 holiday, potentially by July 2.

Despite much speculation about the launch date, the SEC and its president Gary Gensler have remained extremely discreet. In this week’s Bloomberg interviewGensler expressed optimism that these investment vehicles would be approved, but declined to offer a specific timeline. He suggested that the funds could go live sometime this summer.

Last month, the regulatory watchdog approved the Forms 19B-4. Now, the SEC and issuers are working on the S-1 filings, which must be approved before these products can begin trading.

Ethereum ETFs Could Attract $15 Billion in 18 Months

According to Bitwise predictionEthereum spot ETFs are expected to attract more than $15 billion in net inflows in their first 18 months in the US market.

Matt Hougan, Bitwise’s CIO, based his estimate on Bitcoin ETF data and Ethereum’s market size relative to BTC. Currently, the world’s largest digital asset has a market cap of around $1.26 trillion, while Ethereum’s is $432 billion, giving a 3:1 ratio.

Nearly $56 billion of Bitcoin’s total market capitalization is invested in U.S. spot Bitcoin ETFs, a figure that Hougan predicts will reach $100 billion by the end of 2025.

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