📉 Crypto market news:

- Binance CEO Richard Teng spoke about the upcoming launch of spot Ethereum (ETH) ETFs.

- According to Teng, the effect of the launch may not be as dramatic as some analysts expect.

- The SEC has requested final filings from ETF issuers by July 16 for the funds' July 23 launch.

- Teng believes that institutional investors can provide stable capital inflows over the long term.

We will monitor developments!