Asset managers are optimistic that the SEC will greenlight the first US ETFs that invest directly in Ether as soon as mid-July, saying the back and forth with the regulator remains constructive. Despite earlier market speculation that approval would land during the July 4 holiday week, the Securities and Exchange Commission has told Ether exchange-traded fund applicants that they have until July 8 to submit updated paperwork, according to two people familiar with the matter.
Steve Kurz, head of asset management at Galaxy Digital, predicted that an Ether ETF will be approved within the span of the next couple of weeks. Galaxy has filed for an Ether ETF, he said. “This is window-dressing, the SEC is engaged,” Kurz said during a Bloomberg TV interview on Tuesday. “We’ve been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process.
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