NYSE Arca has confirmed the listing of Ethereum spot ETFs from Grayscale and Bitwise. 📉
- SEC approval is expected on July 23.
- Analysts predict the start of trading tomorrow.
- The Chicago Exchange is also launching 5 funds on Ethereum.
- The SEC must approve Forms S-1 to begin trading.
- Management fees will range from 0.15% to 0.25%.
Institutional demand for ETH may lead to scarcity and volatility. ETH is trading at $3,457, down 1.4% over the past 24 hours.