According to a report by Reuters, the US Securities and Exchange Commission (SEC) has Ethereum It is reportedly on the verge of approving applications for its ETFs, potentially as early as July 4. The news agency cited anonymous sources familiar with the matter.

In the published news, it was stated that the SEC “could approve exchange-traded funds (ETFs) linked to the ETH spot price as soon as July 4, as negotiations between asset managers and regulators enter the final phase.” This information was reportedly shared with Reuters by industry executives and other participants.

SEC acting chairman Gary Gensler commented on the process of launching spot Ethereum ETFs on Tuesday, stating that it was “going smoothly.” On the same day, investment management firm VanEck filed a Form 8-A for its Ethereum ETF, suggesting that the financial instrument could soon be listed on an exchange.

The potential launch date of July 4 closely aligns with estimates made by Bloomberg’s senior ETF analyst Eric Balchunas.

Last month, the SEC approved forms 19b-4 for eight Ethereum ETFs. Firms attempting to introduce these new financial instruments are waiting for registration statements, or S-1s, to become effective before they can begin trading.

*This is not investment advice.

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