📉 The SEC has given preliminary approval to the launch of spot Ethereum (ETH) ETFs for BlackRock, Franklin Templeton and VanEck. All eight bids, including Fidelity and Grayscale, are expected to be approved and begin trading as early as next week.

- Applicants must submit final documents by the end of the week.

- Trading is expected to begin on July 23.

Ether is currently trading at $3,484, up 6.7% in the last 24 hours.