Analysts at JPMorgan have stated that trading of approved Ethereum exchange-traded funds could begin well before November.
According to them, this approval and the broader issue of crypto is likely to become a political issue ahead of the 2024 US presidential election.
As a result, they anticipate spot trading of Ethereum ETFs to begin well before November.
On Thursday, the US Securities and Exchange Commission approved Forms 19b-4 for eight spot Ethereum ETF applicants, including Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin.
However, S-1 registrations for these ETFs are still pending SEC approval before they can begin trading. Some analysts predict that trading of these ETFs will begin in the next few weeks.