TechFlow reports, according to Reuters citing three industry sources, that the U.S. Securities and Exchange Commission (SEC) has preliminarily approved at least three asset management firms to begin trading spot Ethereum ETFs starting next Tuesday, with a total of eight companies seeking to launch such funds.
The approval is conditional on applicants submitting final offering documents to the regulator by this weekend, the sources said. All eight firms are expected to launch their spot Ethereum ETFs simultaneously. The SEC did not comment on the matter.
Earlier today, Bloomberg ETF analyst reported that spot Ethereum ETFs could be launched on July 23.
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