SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources

A representative from the SEC communicated to a specific filer that no additional remarks would be made regarding the recently submitted S-1 forms. The final editions were required to be submitted by Wednesday as per the instruction given, and assuming compliance, the securities could then be traded on exchanges starting from July 23.

According to a second report, there’s a chance that trading will begin on Tuesday once the ETFs have been approved by next Monday.

In a recent social media update, Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, announced this new development.

As a researcher, I’ve been following the developments with the recent amended S-1 filings submitted by various issuers last week. However, some crucial details remain undisclosed, such as the specific management fees they intend to charge investors. A notable exception are VanEck and Invesco Galaxy, who have transparently disclosed their fee structures thus far.

After being launched, spot ethereum ETFs may attract up to $5 billion in investments during the initial six months according to Gemini’s forecast. Meanwhile, Steno Research anticipates inflows of approximately $20 billion within the first year.

On Monday, ether’s price surged by up to 7.3%, surpassing bitcoin‘s 6% increase, following the announcement that ETFs would begin trading imminently. The CoinDesk 20 index experienced a growth of 5.6% that day.

Nik De also contributed to the reporting of this story