#ETH_ETFs_Approval_Predictions
An important milestone for the cryptocurrency market has been reached when the SEC approved spot Ethereum ETFs for major U.S. exchanges. These ETFs, which will trade on exchanges like Nasdaq and the NYSE starting July 23, 2024, will make Ethereum more accessible to mainstream investors. Among the approved ETFs are 21Shares Core Ethereum ETF, Bitwise Ethereum ETF, and Fidelity Ethereum Fund; the base fees range from 0.15% to 0.25%, with some issuers waiving fees initially. Analysts believe these ETFs will push Ethereum prices higher and draw up to $15 billion in new assets. Despite regulatory complexities, this approval is anticipated to increase institutional and retail participation in Ethereum and possibly pave the way for other cryptocurrency-based ETFs.
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