Bloomberg expects the launch of spot Ethereum ETFs next Tuesday, July 23. This date was announced by the publication's senior ETF analyst Eric Balchunas.

The reason is that the US Securities and Exchange Commission asked issuers to submit final S-1s this Wednesday and in this request, according to Balchunas, the regulator announced the date:

"Update: Nate's instincts were right: He heard that today the SEC was finally back to issuers asking them to return FINAL S-1s on Wednesday (including fees) and then request an effective Monday after the close for LAUNCH on TUESDAY July 23rd . Of course, this is provided that there are no unforeseen problems at the last minute!”

Earlier on Monday, the president of investment advisory company ETF Store, Nate Gerasi, wrote that the current week will be the week of Ethereum ETF approval and issuers are ready to launch:

“Welcome to Ethereum Spot ETF Approval Week...

I announce this.

I don’t know anything specific, I just don’t see any compelling reason for further delays at this point.”

The news background has become increasingly bullish in recent days. The only thing that confuses me is that the BTC Fear and Greed Index was pulled too sharply from the zone of extreme fear (28) to the neutral zone (52). Although I can’t say from the funding that anything has changed.