Spot ETH ETFs Expected to Begin Trading on Tuesday, June 23rd
Industry sources say that the US SEC has given preliminary approval to three asset managers to launch ETFs tied to the spot price of Ethereum next Tuesday, with one source quoting that all eight funds could launch simultaneously.
The three asset managers that received preliminary approval include:
- BlackRock
- Franklin Templeton
- VanEck
The remaining five asset managers that are also expected to launch include:
- Fidelity
- Greyscale
- 21Shares
- Bitwise
- Invesco Galaxy
The approval hinges on all applicants submitting documents for final approval by the end of the week, with the three aforementioned asset managers already having completed their submissions and are expecting to be green-lit on Monday.
Sources spoke to journalists on background due to confidentiality, and a spokesperson for the SEC said the agency does not comment on individual filings.
References:
