BlackRock, Franklin Templeton, and VanEck have reportedly received preliminary approval from the US securities regulator, sources say.
The United States Securities and Exchange Commission has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds — adding fuel to speculation that the ETFs will begin trading as early as next Tuesday.
SEC approval is now only contingent on applicants submitting final offering documents to the regulator before the end of this week, “three industry sources” told Reuters in a July 15 report.
Those applicants included BlackRock, Franklin Templeton and VanEck, the sources said.
