tldr; Bloomberg ETF analyst Eric Balchunas reported that spot Ethereum ETFs are expected to start trading on July 2nd, following light comments from the SEC on S-1 filings. The SEC has approved 19b-4 forms for eight issuers, including major firms like BlackRock and Fidelity. SEC Chair Gary Gensler hinted at a potential summer approval for an Ethereum ETF. The launch could attract significant institutional capital, with predictions of a 60% rally in ETH prices similar to the market reaction after the approval of spot Bitcoin ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bloomberg ETF analyst Eric Balchunas reported that spot Ethereum ETFs are expected to start trading on July 2nd, following light comments from the SEC on S-1 filings. The SEC has approved 19b-4 forms for eight issuers, including major firms like BlackRock and Fidelity. SEC Chair Gary Gensler hinted at a potential summer approval for an Ethereum ETF. The launch could attract significant institutional capital, with predictions of a 60% rally in ETH prices similar to the market reaction after the approval of spot Bitcoin ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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