Spot ether ETFs are coming, with SEC ruling maybe as soon as this week or next

It's an interesting moment for cryptocurrency enthusiasts: Ethereum is 25% off its March high, and bitcoin is 23% below its March 52-week high.

The next round of filings for spot ether ETFs with the SEC is due today, part of the ongoing regulatory process required before spot ether ETFs can be launched. But approval could come as soon as this week or next. It's an interesting moment for cryptocurrency enthusiasts: Ethereum is 25% off its March high, and bitcoin is 23% below its March 52-week high. One thing's for sure: the launch of spot bitcoin ETFs this year has been a success.

2 billion Blackrock US Equity Factor Rotation $8.9 billion Vanguard Growth $7.7 billion Source: ETF Store Second, spot bitcoin ETFs have attracted about $15 billion in total inflows since launching. By any standard, that is a successful launch for a niche product.

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