Anticipated issuers of a spot ether ETH ETFs received an affirmative nod from the Securities and Exchange Commission (SEC) on Monday, sanctioning these funds to commence trading next Tuesday, sources intimate with the matter revealed to CoinDesk.

According to one insider, SEC officials conveyed to a specific issuer that the regulatory body had no further remarks on the freshly submitted S-1 forms. The definitive versions must be filed by Wednesday, paving the way for these funds to be listed on exchanges by Tuesday, July 23. A second informant mentioned the probability of trading initiation on Tuesday, contingent upon the ETH ETFs being deemed effective by the preceding Monday.

This significant development was initially disclosed by Bloomberg Intelligence senior ETF analyst, Eric Balchunas, via a social media update.

Read more: Ethereum ETFs Poised for Debut Next Tuesday as SEC Approvals Loom

The issuers revised their S-1 documentation last week but have not yet divulged comprehensive details, including the management fees to be levied on investors. Thus far, only a handful of issuers, such as VanEck and Invesco Galaxy, have disclosed their fee structures.

Once these spot ETH ETFs are operational in the marketplace, they could attract inflows up to $5 billion within the first six months, as projected by the cryptocurrency exchange Gemini. Steno Research anticipates inflows could soar to $20 billion within the first year.

On the heels of this announcement, the price of ether surged by up to 7.3% on Monday, surpassing bitcoin’s 6% increase. The broader market index, CoinDesk 20, ascended by 5.6% today, reflecting the optimistic sentiment surrounding the forthcoming ETF trades.