ETH ETF Issuers Will Be Able to Trade Their Funds Next Tuesday

The U.S. Securities and Exchange Commission (SEC) has told issuers offering spot ether (ETH) exchange-traded funds (ETFs) that trading could begin as soon as Tuesday, two sources familiar with the matter told CoinDesk.

SEC officials told one of the issuers that the regulator had no further comment on the recently filed S-1s and that final versions were due by tomorrow, adding that the funds could list on exchanges as soon as Tuesday, July 23.

The second source said that trading could begin on Tuesday after the ETFs come into force next Monday.

Bloomberg Intelligence senior ETF analyst Eric Balchunas reported the development in a social media post.

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The issuers filed updated S-1s last week but have yet to disclose some details, including how much they will charge investors in management fees. Only a few issuers, including VanEck and Invesco Galaxy, have disclosed their fees.

Crypto exchange Gemini predicts spot ether ETFs could see inflows of up to $5 billion in the first six months after they enter the market, while Steno Research says it expects inflows of up to $20 billion in the first year.

The price of Ether rose as much as 7.3% on news that ETFs will begin trading next week, outpacing bitcoin’s 6% gain.