The United States Securities and Exchange Commission (SEC) is in the process of approving spot Ethereum ETF trading, with speculations abound on when this approval will be granted. The last round of S-1 revisions for spot Ethereum ETFs saw eight registrations from BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco. The Chairman of the SEC, Gary Gensler, confirmed that the approval process is progressing smoothly, indicating that a date for the commencement of trading may be communicated soon. The screenshot shared by ETFstore President Nate Geraci revealed that the last round of S-1 revisions was light, suggesting that the approval process is nearing completion.
The timeline for the approval of spot Ethereum ETF trading remains uncertain, but there are speculations that it could happen within the next two to three weeks. Analysts have previously suggested that the approval could come in the first week of July, potentially before the 2nd or 4th. Bitwise CEO Hunter Horsley hinted at a major announcement, raising expectations for an approval by July 4. Most of the spot Ethereum ETF applicants may only need to finalize their sponsor fee, with Franklin Templeton and VanEck already revealing their fees. VanEck has decided to waive fees for its potential spot Ethereum ETF for an unspecified period until 2025 or until the assets reach $1.5 billion.
The approval of spot Ethereum ETF trading is eagerly awaited by market participants, with the SEC expected to make a decision in the coming weeks. The light last round of S-1 revisions suggests that the approval process is progressing smoothly, and a launch date for the trading of spot Ethereum ETFs could be announced soon. The next two to three weeks are crucial for the crypto market, with analysts speculating that the approval could come in the first week of July. While most applicants may only need to finalize their sponsor fee, some have already disclosed their fees, with VanEck offering zero fees for its potential spot Ethereum ETF. The wave of fees is expected to run until 2025 or until the assets under management reach $1.5 billion.
In conclusion, the approval of spot Ethereum ETF trading by the SEC is a significant development that could have a positive impact on the cryptocurrency market. With several major players in the industry awaiting approval, the announcement of a launch date for spot Ethereum ETFs is eagerly anticipated. The next few weeks will be crucial for the market, as analysts and industry insiders closely monitor developments surrounding the approval process. Overall, the potential approval of spot Ethereum ETF trading could signal a new era for cryptocurrency investments and further mainstream acceptance of digital assets in traditional financial markets.
