Launch of spot Ethereum ETFs expected next week

According to the Wall Street Journal, sources close to the matter indicate that the U.S. Securities and Exchange Commission (SEC) may approve the launch of the first batch of spot Ethereum ETFs as early as next Tuesday, July 23. Asset management firms are finalizing their filings this week, with the SEC expected to confirm the effectiveness of the ETF registration statements by Monday. This approval will allow spot Ethereum ETFs to begin trading immediately. This follows reports from Decrypt that the SEC had directed asset managers to submit their final S-1 filings by July 17.