Listing Date Announced for Ethereum ETF: Will the Rise Continue?
An announcement has been made regarding the date on which the highly anticipated spot Ethereum ETFs can start trading.
Spot Ethereum exchange-traded funds (ETFs) will open for trading on July 23, Bloomberg Senior ETF analyst Eric Balchunas said in a recent X post
Nate Geraci's predictions were correct. We learned that the US Securities and Exchange Commission (SEC) finally got back to issuers today, asking them to submit their final S-1 filings by Wednesday, and that action will be taken to launch on July 23. Unless there are any last-minute problems, the launch date will be like this
Following Balchunas' statements, two of the companies that applied for the spot Ethereum ETF confirmed this date
In the news reported by CoinDesk Global, it was stated that sources familiar with the subject confirmed that spot Ethereum ETFs will launch on July 23.
Taking action after the ETF news, Ethereum performed better than Bitcoin in the last 24 hours
What will be the impact on the price?
The Spot Bitcoin ETF was approved on January 10, and Bitcoin gained legitimacy, especially among institutional investors. Until that day, the price had gone through a process full of rises and turmoil with the possibility of ETF approval.
However, billions of dollars entering the market after the ETF approval moved Bitcoin from the 30 thousand dollar range to 74 thousand dollars.
Ethereum, on the other hand, has not been able to make any significant pricing regarding the spot ETF approval so far and has dragged its investors into great uncertainty. If the post-approval process proceeds as in Bitcoin, the increasing institutional demand for Ethereum is expected to push the price up.
In addition, the FED's interest rate reduction policy and the macroeconomic course turning positive may lead an ETF-approved risk asset such as Ethereum to an unstoppable rise.
Stay tuned for new information