The U.S. Securities and Exchange Commission (SEC) is expected to approve several spot Ethereum ETFs, potentially starting as early as mid-July 2024. Bloomberg's senior ETF analyst Eric Balchunas initially predicted a July 2 launch but now suggests mid-to-late July due to additional SEC comments and requested revisions. The SEC's review process has included relatively minor feedback, which suggests that approval is imminentâ.
The approval of these ETFs could significantly impact the market, increasing institutional adoption and providing broader market access to Ethereum. This development follows the successful introduction of spot Bitcoin ETFs, which have already shown positive market effectsâ.
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