Official announcements from the U.S. Securities and Exchange Commission (SEC)

SEC Expected to Approve Ethereum ETFs, BlackRock and Grayscale Await July 8 Decision

Jun 29, 2024, 08:21 AM

The U.S. Securities and Exchange Commission (SEC) is expected to approve spot Ethereum ETFs, with major players like BlackRock and Grayscale awaiting the final green light. Initially anticipated to launch by July 4, the approval of 10 spot Ethereum ETFs has been delayed. The SEC has returned S-1 forms to the issuers, requiring revisions to be resubmitted by July 8 due to holidays. This delay from the initial July 2 date means that the ETFs could potentially launch in mid-to-late July. Market analysts predict these ETFs could attract monthly inflows of $1 billion. At least one more round of revisions is expected before the ETFs can start trading.