Press Release View Non-AMP

Ethereum ETF Received Preliminary Approval to Start Trading on July 23

Published by
PR Manager

The Securities and Exchange Commission has given preliminary approval to at least three of the eight asset managers, namely BlackRock, Franklin Templeton, and VanEck, that want to launch exchange-traded funds based on the spot price of ether, which will begin trading on July 23. 

The approval is dependent on applicants submitting final offering documentation to authorities by the end of this week. Fidelity, ARK 21Shares, Grayscale, Bitwise, and Invesco Galaxy are all in the running to offer Ether products next week.

According to sources the SEC had no further comment on the recently filed S-1. Eric Balchunas, senior ETF analyst at Bloomberg, tweeted that the SEC finally got back to issuers, asking them to file their final S-1 forms (including fees) this Wednesday, the filing would go into effect after the close of trading next Monday, to launch on next Tuesday. That’s of course if there are no unforeseen last-minute problems.

ETF analyst Nate Geraci says there’s no “good reason” for spot Ether ETFs not to launch this week. The ETF analyst and president of The ETF Store told X that the roster of eight spot ETH ETFs will be launched by the end of this week.

“Welcome to the spot ETH ETF approval week. Geraci noted in a July 14 X post, “I don’t know anything specific, but I can’t think of a good reason for any further delay at this point.”

SEC’s final approval

Several issuers, including VanEck and 21Shares, filed updated registrations last week in the hopes of obtaining the SEC’s final approval to begin launching spot Ether ETFs.

Many analysts believe that the launch of ETFs will be a major stimulus for ETH price growth in the coming months. 

Bitwise’s chief investment officer Matt Hougan said that the spot Ether ETFs could attract up to $15 billion in inflows in the first 18 months of trading, which is around the same amount that the spot Bitcoin ETFs have received since their introduction six months ago.

If approved, the spot Ether ETFs will be listed on the Nasdaq, the New York Stock Exchange, and the Chicago Board Options Exchange.

The price of Ether has risen above $3,300, with expectations that spot ETH exchange-traded funds (ETFs) will launch as early as the end of this week.

And as of July 16, it was trading for $3,331, up 16% from $2,909 the previous week. 

Conclusion

The SEC’s approval of spot Ether ETFs has significant implications for Ether, including the perception that it is now an asset.

Investors have expressed serious concerns about the absence of regulatory guidance, which has been addressed with the introduction of Ether ETFs. While there might be withdrawals in the near term, Ethereum will benefit in the long run from increased legitimacy and fewer legal issues.

About CoinEx

Founded in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, AMM, and financial management services for over 6 million users across 200+ countries and regions. Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

Disclaimer and Risk Warning

The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Is XRP at $2 the Next Bitcoin Moment? 95% May Miss the Breakout

XRP is currently trading around $2.18 after a brief pullback, but market sentiment remains bullish.…

June 25, 2025

Crypto Tax Rules in India Trigger Mass Notices to Traders

India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a…

June 25, 2025

Shiba Inu and Pepe Coin Under Threat: 4 Cryptos Not To Sleep On In 2025

While the crypto market has experienced huge fluctuations in 2025, the altcoin market continues to…

June 25, 2025

Ripple Co-Founder Arthur Britto is Back: David Schwartz Explains Why

Arthur Britto, one of the original creators of Ripple and the XRP Ledger, posted on…

June 25, 2025

Chainlink Price Climbs on Mastercard Deal, But Can It Sustain Momentum?

Chainlink has caught the market’s attention after the news around a strategic partnership with Mastercard…

June 25, 2025

Ethereum price Eyes 107% Surge as Golden Cross Pattern Returns

The crypto market turned green after a surprise ceasefire in the Middle East. Along with…

June 25, 2025