Galaxy Digital’s asset management head, Steve Kurz, indicated that the U.S. Securities and Exchange Commission (SEC) is likely to approve a spot Ethereum ETF by the end of July. He expressed optimism about further cryptocurrency ETFs as well.
Kurz suggested that approval could come within weeks rather than days or months. Galaxy has been collaborating with the SEC for several months and noted similarities between its upcoming spot Ethereum ETF and its existing Bitcoin spot ETF (BTCO). Both funds were created in partnership with investment management firm Invesco.
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Tags: ETF, Steve Kurz, Ethereum