Ethereum Spot ETFs to Launch Next Week on July 23

Jul 15, 2024, 07:25 PM

Ethereum spot ETFs are set to launch on Tuesday, July 23, according to multiple sources, including Bloomberg's Eric Balchunas. This development marks a significant milestone for the cryptocurrency market, as it paves the way for increased institutional investment in Ethereum. The SEC has reportedly asked issuers to submit their final S-1 forms by Wednesday, with a request for effectiveness on Monday after the close of trading. This move is expected to have a substantial impact on the market, potentially driving up the price of Ethereum and other altcoins.