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Galaxy Digital: Spot Ethereum ETF could start trading in July or August

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2024-05-24 08:32:10
The report, published by Galaxy Digital, predicts that spot ether ETFs will be listed on exchanges in July or August. The months between the funds' potential approval and their official launch stand in stark contrast to the relatively rapid listing of bitcoin ETFs. Before spot ether ETF shares change hands, regulators must approve two types of documents: 19b-4s (Proposed Rule Change Form) and S-1s (Registration Statement).
After the report was released, the US SEC simultaneously approved the 19b-4 filings of eight spot Ethereum ETFs, and trading may begin in a few weeks.