According to the two companies, the U.S. Securities and Exchange Commission (SEC) informed issuers that U.S. spot Ethereum ETF products can start trading on Tuesday. Bloomberg ETF analyst Eric Balchunas said: "The spot Ethereum ETF has taken effect at the SEC. Form 424(b) is being submitted one after another. This is the last step, which means that everything is ready and trading can be started at 9:30 am tomorrow (9:30 tonight Beijing time). Game on." According to Whale Alert monitoring, after the U.S. spot Ethereum ETF was officially approved, a large amount of ETH was transferred from Coinbase institutions to unknown new wallets. It is not clear whether it is for the exchange to sort out wallets. As of press time, ETH is still being transferred from Coinbase institutions to unknown new wallets. BlackRock (BLK.N) said that BlackRock's iShares spot Ethereum ETF is about to be launched and is expected to start trading on Nasdaq on July 23 (tonight Beijing time). Farside Investors said on the X platform, “We believe that the inflow of funds into the spot Ethereum ETF may be smaller than that of Bitcoin for the following reasons: 1. The spot Bitcoin ETF was approved first and received more attention; 2. Before the approval of the US spot ETF, the BTC ETP market size was larger than that of ETH; 3. The lack of pledge makes the Ethereum ETF relatively less attractive; 4. BTC is more relevant as a financial asset, while ETH focuses more on DAPP and on-chain applications.