Spot ether ETFs likely to begin trading July 23, industry sources say
asset managers hoping to launch exchange-traded funds tied to the spot price of ether to begin trading next Tuesday, three industry sources said.
The approval hinges on applicants submitting final offering documents to regulators before the end of this week, the sources said. One said that all eight are expected to launch simultaneously.
A spokesperson for the SEC said the agency does not comment on individual filings.
Following the launch of nine U.S. spot bitcoin ETFs in January, the ether products would mark another major win for the cryptocurrency industry's campaign to push digital assets into the mainstream. Ether is the world's second-largest cryptocurrency after bitcoin.
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View Details» BlackRock, VanEck and Franklin Templeton are among the eight asset managers whose applications are likely to be greenlit by the SEC next Monday afternoon, July 22, with trading in the products expected to begin the next day, according to the industry sources, who spoke on background due to the confidentiality of the discussion with the SEC.
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