The US Securities and Exchange Commission (SEC) is close to approving spot Ethereum (CRYPTO:ETH) ETFs, with final tweaks expected by July 4, according to industry insiders.
Asset managers like BlackRock and Grayscale Investments are in the final stages of discussions with regulators to launch these investment vehicles.
The SEC's approval process for the ETFs, which includes resolving minor issues, could see them hit the market within a week or two.
Bloomberg's ETF analyst Eric Balchunas previously hinted at a potential approval by July 2, aligning with current expectations.
If launched, Ethereum ETFs are predicted to attract substantial investments, potentially surpassing $15 billion in net inflows within their first 18 months, similar to the trajectory seen with Bitcoin (CRYPTO:BTC) ETFs.