The long-awaited moment for Ethereum enthusiasts seems to have finally arrived. According to recent reports from Bloomberg journalist Eric Balchunas, Ethereum ETFs are likely to launch on Tuesday, July 23.
Ethereum ETF launch is imminent
The U.S. Securities and Exchange Commission (SEC) today contacted the issuers of the ETFs, asking them to file their final S-1 documents, including associated fees, by Wednesday. They must then file a request for approval of the ETFs by Monday after market close, so they can launch on Tuesday, July 23.
This update confirms analyst Nate’s earlier suspicions, who had already indicated that a July 23 launch was likely.
Ethereum price rises 14% in anticipation of ETF launch
The Ethereum price has been an impressive performer over the past week. Over the past seven days, Ethereum has gained a whopping 14 percent. This increase is largely attributed to the upcoming launch of Ethereum ETFs, which is seen as a very positive development by analysts and investors.
The introduction of these ETFs is expected to attract more institutional investors, further increasing demand for Ethereum and potentially driving further price increases.
Trade €10,000 for free and get €10 bonus
Want to enter the crypto world and perhaps buy Ethereum or another crypto? Then seize your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly crypto exchanges in Europe, our readers get an exclusive offer.
Create an account at Bitvavo using the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you also pay no trading fees on your first 10,000 euros in transactions. Sign up now!
Source: https://newsbit.nl/ethereum-etfs-naar-verwachting-gelanceerd-op-23-juli/
