After the US Securities and Exchange Commission made history earlier this year by approving almost a dozen spot Bitcoin ETFs, all eyes in the community turned to the next digital asset in line – Ethereum.
The situation with the Ether ETFs is quite different. Although they have been technically approved, there are some irregularities with most S-1 filings and the question of whether they will allow staking, which is a major part of the Ethereum ecosystem. This is why the launch date remains a mystery. He believes there’s a good chance the documentation will be handled within the next ten days or so, so they could “get it off their plate” before the July 4 US holiday. In other words, Balchunas suggested that the Ethereum ETFs could see the light of day by July 2.
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