Insider: The U.S. SEC may approve the Ethereum spot ETF as early as July 4th

According to Reuters, citing industry executives and other insiders, the U.S. Securities and Exchange Commission (SEC) may approve an Ethereum spot ETF as early as July 4th. Negotiations between asset management companies and regulators have entered the final stage. Eight asset management firms including BlackRock, VanEck, Franklin Templeton and Grayscale are seeking SEC approval for these funds. They stated that the process of amending issuance documents has progressed to only needing to resolve "minor" issues. A lawyer working with one of the issuing companies also said that only "final touches" remain, and approval is likely not more than a week or two away. Bloomberg ETF analyst Eric Balchunas had previously predicted that the Ethereum spot ETF would be approved as early as July 2nd.