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SEC Approves Spot Ethereum ETFs for Trading Starting July 23 at 9:30 AM

Jul 22, 2024, 08:56 PM

The U.S. Securities and Exchange Commission (SEC) has officially approved spot Ethereum Exchange-Traded Funds (ETFs) for trading. These ETFs will begin trading on July 23, 2024, at 9:30 AM market open. This marks the first time that spot Ethereum ETFs will be available in the U.S. market, allowing retail and institutional investors to gain exposure to Ethereum's native token, ETH. The final approval was confirmed through the SEC's sign-off on the 424(b) forms, completing the regulatory process. Among the approved ETFs is the Bitwise Ethereum ETF, which will trade under the ticker ETHW.