Galaxy Digital asset management director Steve Kurtz expects the U.S. Securities and Exchange Commission (SEC) to approve the Ethereum ETF in “weeks” rather than days, but he also agrees that the decision may come in July.
On February 2nd, Kurtz commented on Bloomberg TV:
“We’ve been through this process before. It’s a methodical process, and at this stage it’s more of a formality, and the SEC is actively engaged.”
Galaxy Digital is one of eight asset management companies waiting for approval for its proposed Ethereum ETF seat. The company is partnering with Invesco to bring the ETF to market.
Kurtz explained:
“We’ve been through [this process] for several months, and we’re familiar with the process and requirements because these products are very similar to the Bitcoin ETFs we’ve developed.”
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This timeline aligns with the broader expectations of ETF analysts. On February 28th, Bloomberg ETF analyst Eric Balchunas
amended
his earlier prediction for ETF approval, stating that the SEC had requested additional time to review the applicant’s S-1 form.
According to
reports,
Bloomberg cited sources on February 8th, stating that the issuer had updated its filing documents by the February 7th deadline to address minor issues, which could result in additional rounds of filing.
