Galaxy Digital Predicts Ethereum Spot ETF Trading to Start Mid-Summer
CryptoNewsTerminal Staff23 May, 2024
Galaxy Digital Predicts Ethereum Spot ETF Trading to Start Mid-Summer
Galaxy Digital predicts an Ethereum Spot ETF could begin trading as early as July or August. The report notes the SEC approved 19b-4 (Examination Request) filings for several bitcoin spot ETFs in early January, followed by S-1 (Registration Statement) filings four days later. However, for ether spot ETFs, the back-and-forth between regulators and issuers is likely to take weeks or even months rather than days, and the process of onboarding funds and listing on trading platforms could take even longer for ether, given the large number of DApps built on the Ethereum network. On the same day, the SEC approved 19b-4 (Examination Request) filings for eight ether spot ETFs, including those from BlackRock, Fidelity, and Grayscale.
