The US Securities and Exchange Commission (SEC) may approve final regulations on Ethereum ETFs by July 4. 🎉 Eight asset managers, including BlackRock, Franklin Templeton and Grayscale Investments, are approaching the final stages. 😎 Grayscale aims to convert an existing trust into an ETF.

The process of issuing documents has progressed significantly and only "minor" problems need to be resolved. Approval is expected "probably within a week or two."

Bloomberg's ETF analyst Eric Balchunas suggested that the spot Ethereum ETF could be approved before the July 4 US holiday, possibly by July 2.

The SEC and its Chairman Gary Gensler expressed optimism about approving these investment vehicles but refrained from offering a specific timeline.

According to Bitwise's forecast, spot Ethereum ETFs will attract net inflows of over $15 billion in the first 18 months on the US market. 🚀

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