ETH Spot ETF Approval 'Weeks' Away, Not 'Days,' Says Galaxy Digital
CryptoNewsTerminal Staff02 Jul, 2024
ETH Spot ETF Approval 'Weeks' Away, Not 'Days,' Says Galaxy Digital
Steve Kurz, head of asset management at crypto investment firm Galaxy Digital, told Bloomberg in an interview that he "expects a spot ether ETF to be approved before the end of July. It's going to happen in a matter of weeks, not days." "A spot ether ETF is akin to a spot bitcoin ETF. We know the process for getting that approved," he explained. Kurz expressed optimism about the approval of spot ETFs for other cryptocurrencies beyond bitcoin and ether, saying that "it will happen even if Joe Biden wins the U.S. presidency."