The approval of spot Ethereum ETFs, initially expected by July 18, now faces a delay. The new predicted approval date is July 23. This change adds another chapter to a saga of shifting approval dates.
Why Analysts Predicted July 23 for the Ethereum ETF LaunchÂ
Community reactions are mixed, with some expressing disappointment over the new date. One community member humorously questioned the prolonged timeline, asking, “What year?”Â
Despite setbacks, optimism remains in the industry. Reports suggest the SEC has preliminarily approved at least three of the eight asset managers planning to launch their ETFs. Final offering documents are due this week. If conditions are met, all eight could launch simultaneously.Â
Noteworthy asset managers such as BlackRock, VanEck, and Franklin Templeton are among the eight likely to receive approval. An SEC spokesperson noted the agency does not comment on individual filings.Â
This development pushes digital assets closer to mainstream financial acceptance. Ethereum (ETH), the world’s second-largest crypto by market cap, has seen a 4.27% price increase in the past 24 hours, now trading around $3,471.
