The crypto community is abuzz with anticipation over the expected approval of the Ethereum Exchange Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC) by mid-July. Major financial institutions such as BlackRock and Fidelity are set to launch their Ethereum ETFs, following the success of Bitcoin ETFs earlier this year.

The SEC's interactions with Ethereum ETF applicants have been positive, with only minor questions asked. The approval of the exchange proposal for these ETFs in May was a significant step forward. Financial giants like YieldMax are on standby, planning unique Ether-based products.

Analysts from K33 Research predict that Ethereum will outperform Bitcoin post-ETF launch, driving significant inflows into Ethereum. The analysts suggest that the launch could absorb up to 1% of all ETH in circulation within five months, potentially boosting Ethereum's price significantly.

The Ethereum ETF launch is expected to trigger a bull run, with Ethereum underperforming compared to Bitcoin for over a year. The Ethereum/Bitcoin price ratio has already shown signs of recovery after the SEC’s positive signals. As the launch date approaches, the market is closely watching the SEC for final approvals.