Galaxy executives: Ethereum spot ETF is expected to be listed in July, optimistic about the approval of more crypto ETFs

Steve Kurz, head of Galaxy Digital Asset Management, said the U.S. SEC could approve a spot Ethereum ETF by the end of July and described the prospects for other crypto ETFs. Kurz said he expects the Ethereum spot ETF could be approved in "weeks, not days," but within a month. He said Galaxy has been working with the U.S. SEC on the application for months, noting that the company's upcoming spot Ethereum ETF is similar to the existing spot Bitcoin ETF (BTCO). Galaxy partnered with investment management company Invesco to create both funds. Kurz also expressed optimism that other spot crypto ETFs other than Ethereum will be approved. He said legislation, including laws defining securities, is necessary, and he believes that process will proceed even if Biden remains president. (CryptoSlate)