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.