The post SEC Expected to Approve Ethereum ETFs appeared on BitcoinEthereumNews.com.

BlackRock and Grayscale Await July 8 Decision. The U.S. Securities and Exchange Commission (SEC) is expected to approve spot Ethereum ETFs, with major players like BlackRock and Grayscale awaiting the final green light. Initially anticipated to launch by July 4, the approval of 10 spot Ethereum ETFs has been delayed. The SEC has returned S-1 forms to the issuers, requiring revisions to be resubmitted by July 8 due to holidays. This delay from the initial July 2 date means that the ETFs could potentially launch in mid-to-late July. Market analysts predict these ETFs could attract monthly inflows of $1 billion. At least one more round of revisions is expected before the ETFs can start trading. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/tradfi-and-fintech/sec-expected-to-approve-ethereum-etfs-blackrock-grayscale-await-july-8-decision

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Filed under: News - @ June 29, 2024 3:10 pm