US regulators will likely approve the launch of Ethereum spot ETFs as early as the 4th of July. This development could have a significant impact on the cryptocurrency market, especially after renewed interest in cryptocurrencies among major financial institutions in recent months. This comes after applications for #Bitcoin ETFs were filed by major players like #BlackRock, which are seen as a potential game-changer for the industry [oai_citation:1, US Securities and Exchange Commission postpones decision on Bitcoin ETF in... Stock Exchange by Cathie Wood | Reuters:

If approval is granted, it could spark a new wave of investment and market activity, similar to the launch of Bitcoin ETFs in the past. The approval could also be a sign of increased acceptance and regulation of cryptocurrencies by traditional financial institutions, which could lead to greater stability and trust in the market in the long term.$BTC $ETH $BNB