As discussions between asset management companies and regulatory agencies enter their final stages, the United States Securities and Exchange Commission (SEC) may approve the latest adjustments to the Ethereum spot ETF by July 4th.
In conversations with several industry insiders, Reuters observed that eight asset management companies, including BlackRock, Franklin Templeton, and Grayscale Investments, are nearing the final stages. Following a decade-long struggle with regulatory agencies, many of these companies launched spot Bitcoin ETFs in January, with Grayscale once again working to convert existing trusts into ETFs.
Ethereum ETF to debut in July
According to executives from two of these companies who spoke to Reuters, the process of filing adjustments has made significant progress, with only “minor” issues remaining to be resolved before approval is secured once the funds are in place.
Another attorney suggested that approval could be obtained in “perhaps not more than a week or two.”
The latest timeline aligns with revelations by Bloomberg ETF analyst Eric Balchunas earlier this month, who suggested that the Ethereum spot ETF could be approved before the U.S. holiday on July 4th, potentially before July 2nd.
While speculation about its listing date is widespread, the U.S. Securities and Exchange Commission and its chairman, Gary Gensler, have remained tight-lipped. In an interview with Bloomberg this week, Gensler expressed optimism about approving these investment tools but did not provide any specific timeline, hinting that the funds may be put to use in the summer.
Last month, regulatory agencies approved the 19b-4 form. Currently, the SEC and the issuers are working through the S-1 filings, which must be approved before these products can begin trading.
Ethereum ETF could attract $15 billion in 18 months
According to Bitwise’s forecast, the Ethereum spot ETF is expected to attract over $15 billion in net inflows in the first 18 months in the U.S. market.
Bitwise Chief Information Officer Matt Hougan’s estimate is based on Bitcoin ETF data and the market size of Ethereum relative to BTC. Currently, the world’s largest digital asset has a market value of about $1.26 trillion, while Ethereum’s market value is $432 billion, a ratio of 3:1.
Nearly $56 billion of the total market value of Bitcoin is invested in U.S. Bitcoin spot ETFs, and Hougan expects this number to grow to $100 billion by the end of 2025.
