Weekly Institutional Insights — ETH Spot ETFs Could Start Trading Next Tuesday.
As suggested by SEC Chair Gary Gensler, ETH Spot ETFs are expected to be approved in summer 2024. The market gained more visibility of this approval on Jul 16, 2024, as the SEC reportedly had no further comments on the applications of some ETH Spot ETF proposals. Meanwhile, it’s anticipated that ETH Spot ETFs will start trading as early as next Tuesday, Jul 23, 2024.