SEC Expected to Approve Registration Statement for ETH Spot ETF on July 22

IconCryptoNewsTerminal Staff16 Jul, 2024

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SEC Expected to Approve Registration Statement for ETH Spot ETF on July 22

The U.S. Securities and Exchange Commission (SEC) is expected to approve the registration statement for a spot exchange-traded fund (ETF) that tracks the price of Ether (ETH) on July 22, according to a report by the Wall Street Journal. The ETF, which will be offered by asset manager WisdomTree, will be the first spot ETF to be approved by the SEC. Spot ETFs are different from futures ETFs, which track the price of futures contracts for a particular asset. Futures ETFs can be more volatile than spot ETFs because they are subject to the contango or backwardation in the futures market. The approval of a spot ETH ETF would be a significant milestone for the cryptocurrency industry. It would provide investors with a more convenient and regulated way to gain exposure to ETH, and it could help to increase the liquidity of the ETH market.

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