Spot Ethereum ETFs Might See Approval by 15th July

Krutika Adani

The SEC Wants One More Week

Comments from SEC chief Gary Gensler suggest that the US SEC might need one more week to finally approve the individual ETF applications.

Returns S-1 Applications With More Comments

The SEC had returned the applications and asked for a few adjustments.

Chairman Gensler Says Processes Running Smooth

The comments by Gary Gensler assured the markets that the applications were on the verge of approval.

Delay Causes Investor Fatigue

Earlier, the applications were supposed to be approved within the first week of July but were eventually delayed due to minor adjustments.

Ethereum ETFs Could Witness $5 B Inflows

Experts have estimated that ETFs might see a combined inflow of $5 billion within the first six months of their launch.