Asset managers are optimistic that the SEC will greenlight the first US ETFs that invest directly in Ether as soon as mid-July, saying the back and forth with the regulator remains constructive.
Despite earlier market speculation that approval would land during the July 4 holiday week, the Securities and Exchange Commission has told Ether exchange-traded fund applicants that they have until July 8 to submit updated paperwork, according to two people familiar with the matter. There may be an additional round of filings after the round due on Friday.
The US regulator’s recent feedback to issuers on last Friday consisted of minor questions that issuers are now addressing, said the people. In May, the SEC signed off on a proposal by exchanges to list the products. A separate approval is needed before they can be launched.
Steve Kurz, head of asset management at Galaxy Digital, predicted that an Ether ETF will be approved within the span of the next couple of weeks. Galaxy has filed for an Ether ETF, he said.
“This is window-dressing, the SEC is engaged,” Kurz said during a Bloomberg TV interview on Tuesday. “We’ve been doing this for months now. We did it for the Bitcoin ETF, the products are substantially similar — we know the plumbing, we know the process.”
Firms including BlackRock Inc., Fidelity Investments, 21Shares, and Invesco have filings waiting to be approved. Many issuers have not yet disclosed the fees on their respective funds, which is a necessary step before the funds start trading.
Assuming the funds get a green light, one key question is whether the Ether portfolios will generate anything like the demand stirred by the historic January debut of US spot-Bitcoin ETFs. The latter have amassed $52 billion in assets.
Ether dropped about 1.5% to $3,411 as of 1:00 pm in New York. The second-largest cryptocurrency after Bitcoin has risen around 50% so far this year.
Transamerica Institute survey reveals a stark divide between employer confidence and workers' financial reality.
Just five actions were started in the first half of fiscal 2026, a new analysis finds.
For business owners, the company is often more than an income source. It becomes their largest asset, their retirement plan, and in many cases, part of their identity. Advisors who understand that dynamics can deliver far greater value than traditional financial planning alone
John S. Winslow, 57, was indicted just over a year ago for his scheme to steal from an elderly client.
Hamachi's new model portfolio partnership and an industry-first solution from Vestmark join the growing wave of AI tools for wealth managers.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
