According to a Reuters report, three industry sources indicate that spot Ether exchange-traded funds are expected to begin trading on July 23.that the U.S. Securities and Exchange Commission has granted preliminary approval for at least three of eight asset managers to release the spot Ether ETFs.Nate Geraci, President of the ETF Store, highlighted this development in a post on X.
Sources indicate that prominent asset managers, including BlackRock, VanEck, and Franklin Templeton, are expected to receive SEC approval by July 22, with trading anticipated to begin the following day. However, final approval for these spot Ether ETFs depends on the applicants submitting their final offering documents to the SEC by the end of this week.
According to Morningstar Direct data, these ETFs quickly gained traction, attracting approximately $6.6 billion in assets within their first three weeks of trading and achieving a net inflow of $33.1 billion by the end of June.