SEC Approves Nine Spot ETH ETFs: What Does This Mean for the Market?

The US Securities and Exchange Commission (SEC) has approved the launch of nine Ethereum-based spot ETFs. Trading will begin on July 23, 2024 on the NYSE, CBOE and Nasdaq. Grayscale, BlackRock, Fidelity and other leading companies will present their products, with varying fees and conditions. At the start, ETH is trading at $3,462, an increase of 52% since the beginning of the year. Analysts suggest a possible short-term decline in ETH after the ETF launches.#Ethereum#ETH#ETFs#CryptoNews#Grayscale#BlackRock#Fidelity#NYSE#CBOE#Nasdaq#CryptoMarket#Blockchain#Investing#Cryptocurrency