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Spot Ether ETF Trading to Begin Next Week
#Ethereum #EthereumETF #EThereETF #ETF $ETH

The Securities and Exchange Commission (SEC) has approved the trading of spot Ether (ETH) exchange-traded funds (ETFs) starting next Tuesday. Prospective issuers have been instructed to submit their final S-1 documents by Wednesday, according to sources familiar with the matter.

Final Steps for Trading
SEC officials informed one issuer that there were no further comments on the recently submitted S-1s, and the final versions must be submitted by Wednesday. Subsequently, the funds can be listed on exchanges starting Tuesday, July 23. Another source mentioned that trading could start on Tuesday, following the ETFs' effectiveness on Monday.

Fee Disclosure and Market Expectations
Issuers submitted amended S-1 documents last week but have not disclosed all details, such as management fees. So far, only a few issuers, including VanEck and Invesco Galaxy, have revealed their fees.

Predicted Market Impact
Once live, spot Ether ETFs could attract significant investments. Crypto exchange Gemini predicts inflows of up to $5 billion within the first six months. Steno Research expects inflows to reach up to $20 billion in the first year.

Market Reaction to the News
The price of Ether surged by 7.3% on Monday, outperforming Bitcoin's 6% gain, in response to the ETF trading news.