ETFs & Mutual Funds
Spot Ether ETFs Are Seen Starting to Trade as Early as Next Week
- Inflows could be $5 billion in six months, Citigroup says
- In May, SEC signed off proposal by exchanges to list products
The majority of the asset managers in the Ether-funds race also launched spot-Bitcoin ETFs in January.
Photographer: Geoffroy Van Der Hasselt/AFP/Getty ImagesThis article is for subscribers only.
The US Securities and Exchange Commission has given indications to at least four issuers of spot-Ether exchange-traded funds to file paperwork for potential approval, according to people familiar with the matter. Three of the issuers said the agency signaled trading may begin on July 23.
The greenlight could follow their submissions of what are known as S-1 registration statements, which the issuers could start to file this week, said the people, who asked not to be identified discussing the private matter.