Sources: The U.S. SEC has granted "preliminary approval" to at least three Ethereum ETF issuers

2024-07-16 13:35:47

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ChainCatcher news, according to Reuters, three industry insiders have stated that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management companies to begin trading Ethereum spot ETFs starting next Tuesday, while a total of eight asset management companies wish to launch such funds. The insiders indicated that the approval is contingent upon the applicants submitting final issuance documents to the regulators before this weekend. One of the insiders mentioned that all eight companies are expected to launch such funds simultaneously. A spokesperson for the U.S. Securities and Exchange Commission (SEC) stated that the agency does not comment on individual applications.

Industry insiders revealed that the applications from eight asset management companies, including BlackRock, VanEck, and Franklin Templeton, are likely to receive SEC approval on Monday afternoon, July 22, and the related products are expected to begin trading the following day.

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