ETH Spot ETF Approval This Week, Says US-Based ETF Expert

IconCryptoNewsTerminal Staff15 Jul, 2024

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ETH Spot ETF Approval This Week, Says US-Based ETF Expert

Nate Geraci, CEO of US-based ETF provider ETF Store via X, expects "ETH spot ETF approval this week". He stated, "there are no specifics on ETH spot ETF approval, though there doesn’t seem to be any real reason to delay at this stage. ETH spot ETF issuers have been ready to go for some time now." Earlier, crypto media outlet Cointelegraph also reported, citing anonymous sources, that the final approval of the ETH spot ETF is imminent. The approval of an ETH spot ETF would be a significant development for the cryptocurrency industry, as it would provide investors with an easy and regulated way to gain exposure to Ethereum. It would also likely lead to increased institutional adoption of Ethereum, as ETFs are a popular investment vehicle for institutions.

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