Galaxy Digital Report: Potential Approval of Ethereum ETF Could Kickstart Trading in July or August

Galaxy Digital stated in its report that the risk status of spot Ethereum ETF is “significantly” higher than that of spot Bitcoin ETF, which could prolong the decision-making process of regulatory agencies regarding the funds. The report mentioned that due to the various decentralized applications built on the Ethereum network, the approval and listing process of the funds on trading platforms might also require more time. Researchers indicated that these dapps “add a range of potential disclosures,” which could make it more challenging for spot Ethereum ETF to obtain final approval from regulatory bodies and commence trading.