Binance CEO Richard Teng highlighted that the spot Ether ETFs could provide a stable and substantial influx of capital over time.
As spot Ether exchange-traded funds (ETFs) inch closer to going live, Richard Teng, the CEO of crypto exchange Binance, commented on the ETFs’ potential and his expectations for the new crypto investment vehicle.
On July 10, Bitwise’s chief compliance officer Katherine Dowling noted that the spot Ether (ETH) ETFs are “closer to the finish line,” highlighting that they might go live very soon. According to the executive, there are fewer issues in the back and forth between ETF issuers and the United States Securities and Exchange Commission (SEC).
On July 15, the SEC requested issuers submit their final S-1 filings by July 16 to launch the new funds on July 23.
