$ETH

While the cryptocurrency market has been on the rise recently, attention has turned to Ether (ETH). Spot Ethereum ETFs are expected to launch this week.

ETF analyst Nate Geraci stated that he hopes spot Ethereum ETFs will be launched by the end of this week, and that there is no reason for delay.

The assassination attempt against US presidential candidate Donald Trump, expectations that the US Federal Reserve may reduce interest rates despite falling inflation, and the views that spot Ethereum ETFs will be launched have caused a rise in the cryptocurrency market.

ETH exceeded $ 3,300 with the influence of this positive atmosphere and spot ETFs.

Spot Ethereum ETFs are highly anticipated. Ether (ETH) managed to exceed the $ 2,900 level last week and gained approximately 15 percent in value in the last week. Nate Geraci stated that spot Ethereum ETFs offered by eight issuers could be released this week and said, “Welcome to Spot ETH ETF approval week. "I don't see any good reason for further delay," he said.

According to Cointelegraph, an anonymous source involved in ETF trading reported that spot ETH ETFs are likely to launch this week.

Several issuers, including VanEck and 21Shares, filed updated S-1 filings last week in hopes of receiving final approval from the SEC. The SEC is expected to decide on this issue.

Many analysts think that the launch of ETH ETFs will be a significant impetus for the ETH bull. In his statement to Cointelegraph, Tom Dunleavy, managing partner of MV Global, suggested that there could be new investment inflows of up to $10 billion with the launch of these funds. Dunleavy claimed that ETFs will push ETH to an all-time high.

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