The US Securities and Exchange Commission (SEC) approved the launch of such funds on May 23, but before listing, companies had to approve an S-1 registration application with the regulator.
It looks like five companies have made it on time, with the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF all set to go live on July 23.
To attract more funds at the start, almost all companies have announced a reduction or complete shutdown of management fees in the first days after listing. It is expected that ETH-ETFs will be able to attract billions of dollars in the first months.
Earlier, Bitwise Investment Director Matt Hougan said that after the launch of spot ETFs on Ether, the rate of the second cryptocurrency could reach $5,000.
Source: Bits
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