The Wall Street Journal is reporting that spot Ether ETF trading is likely to begin next week. According the story:
- The Securities and Exchange Commission (SEC) has informed several asset managers that the first U.S. exchange-traded funds (ETFs) holding ether could launch next Tuesday, July 23.
- The SEC is expected to declare fund-registration statements effective next Monday after asset managers submit a final round of filings this week.
- Once the statements are effective, the sale of ETF shares can begin.
An SEC spokesperson declined to comment on individual filings.
In May, the SEC approved stock exchanges to list these funds, surprising the crypto community. Eight asset managers, including BlackRock and Fidelity Investments, have applied to launch these spot ether ETFs, which buy and sell the digital…
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