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DailyBubble News

Countdown to Launch: Spot Ethereum ETFs Could Debut This Friday

Spot Ethereum (ETH-USD) ETFs are anticipated to be listed as early as this Friday, pending approval from the SEC. This development marks a significant milestone in cryptocurrency investment, with all eyes on the regulatory body.

Several issuers have submitted their amended S-1 forms last week, a crucial step in the approval process for spot Ethereum ETFs. While fee information was not included in these filings, progress is being made with Invesco and Galaxy setting their fees at 0.25% and VanEck already publishing their fee structure.

Unlike spot Bitcoin ETFs that had a deadline for approval in May, there is no set timeline for the SEC to make a decision on the ether ETFs. Experts predict that approvals could come in by the end of this week or in the following weeks, with the week of July 15 being a potential timeframe for listings.

If feedback is provided by the SEC by Tuesday, final amendments could be filed by Wednesday, leading to the possibility of spot Ethereum ETFs trading by Friday. This could have an impact on the price of Ethereum, as increased demand from investors gaining exposure through ETFs may drive up the price.

The launch of spot ether ETFs will provide a more accessible and regulated way for investors to invest in Ethereum, the second-largest cryptocurrency by market cap. This development is seen as a positive step for both institutional and individual investors seeking a safer avenue to invest in Ethereum.

As the crypto community eagerly awaits the SEC’s final decision, the launch of spot ether ETFs signifies a new era for cryptocurrency investment. Whether it happens this Friday or in the coming weeks, the anticipation is high for what could be a game-changing development in the world of cryptocurrency investment.

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