**Ethereum ETFs Set to Launch Amid Supply Concerns 🚀**

- **Spotlight on July 23:** Ethereum's spot ETFs are set to start trading, sparking high speculation. Analysts warn of potential oversupply once the initial buzz fades.

- **Supply Surge:** Since April, ETH supply has increased by 150K. If this trend continues, it could revert to pre-Merge levels by December.

- **Market Watch:** Analyst Benjamin Cowen suggests the novelty of spot ETFs might wear off by September 2024, potentially impacting ETH prices.

- **ETF Lineup:** Five spot Ether ETFs, including those from Fidelity and VanEck, will begin trading on the Chicago Board Options Exchange.

Stay tuned for more updates!