BlackRock, Franklin Templeton, and VanEck are all reported to have received the initial green light from the SEC for their Ethereum spot ETFs

Full approval will be granted when they submit their final documents by the end of the week.

Fidelity, ARK 21Shares, Grayscale, Bitwise, and Invesco Galaxy are also in the final stages of negotiations with the SEC and hope to launch their products next week.

It’s expected that all 8 ETF applications will receive full approval and launch at the same time.

🚨🇺🇲BREAKING: SEC GRANTS PRELIMINARY APPROVAL FOR SPOT ETHER ETFS

BlackRock, Franklin Templeton, and VanEck are all reported to have received the initial green light from the SEC for their Ethereum spot ETFs.

Full approval will be granted when they submit their final documents… pic.twitter.com/3Y6pdTVecS

— Mario Nawfal (@MarioNawfal) July 16, 2024

Sources:

www.techopedia.com/news/sec-gives-preliminary-approval-to-multiple-spot-ethereum-etfs-applicants

cointelegraph.com/news/sec-reportedly-given-three-spot-ethereum-etf-issuers-preliminary-approval

cointelegraph.com/news/sec-spot-ether-etf-approved

h/t MT Ballsack