These are the important dates for Ethereum ETFs

Fidelity Investments has filed for an Ethereum spot ETF. This is the seventh company to submit an application. So it’s time to take stock and review the important dates.

Fidelity, a financial giant with assets worth $4.5 billion, is one of the largest asset managers in the world. The company’s order is an important step toward cryptocurrency adoption by traditional financial institutions.

Ethereum ETF key details

With this application, Fidelity joins an illustrious list:

◎ VanEck Ethereum ETF:
Next decision date – 25/12/23, final decision date – 23/05/24

◎ ARK 21Shares Ethereum ETF:
Next decision date – 26/12/23, final decision date – 24/05/24

◎ Hashdex Nasdaq Ethereum ETF:
Next decision date – 01/17/23, final decision date – 05/30/24

◎Ethereum trust in shades of gray:
Next decision date – 12/06/23, final decision date – 06/18/24

◎Invesco Galaxy Ethereum ETF:
Date of next decision – 24/12/23, date of final decision – 24/06/07

◎iShares Ethereum Trust:
Date of next decision – 13-01-24, date of final decision – 26-07-24

Possible approval mid-2024

Bloomberg analysts say the approval of Bitcoin spot ETFs by the Securities and Exchange Commission (SEC) could improve the prospects for approval of Ethereum spot ETFs.

According to cryptocurrency expert James Seyffart, there is a 90% chance that the SEC will approve Bitcoin spot ETFs by January 10, 2024. For Ethereum, potential approval deadlines for ETH spot ETFs are expected to be mid-2024 if implemented.

Spot ETFs can pave the way for more investments

Spot ETFs have the potential to add a new dimension to traditional investment accounts. Users could buy and trade exchange-traded ETFs, similar to stocks.

The rise of spot ETFs, especially from financial giants like Fidelity and BlackRock, could pave the way for more investment in the digital asset industry.

Interest in Ethereum spot ETFs is increasing

Fidelity’s filing is just the latest in a series of Ethereum spot ETF filings. There are currently a total of seven filings pending with the SEC.

The growing interest in Ethereum spot ETFs reflects the growing adoption of cryptocurrencies by traditional financial institutions. If the SEC approves these ETFs, it would be an important step toward mainstream cryptocurrency adoption.