- Tuesday, July 23, is most likely when the new spot ether ETFs become live, according to a post on X by Bloomberg Senior ETF Analyst Eric Balchunas.
- The Sponsor Fee must be included in the upcoming filings, which are due by Wednesday at 5:30 p.m. EST, per the SEC’s request to issuers.
Several sources indicate that Spot Ethereum ETFs are expected to start trading on Tuesday, July 23.
For weeks, major Wall Street players like Fidelity and BlackRock have been collaborating with the US Securities and Exchange Commission in an effort to get their spot ether exchange-traded funds (ETFs) launched as soon as feasible.
Since the SEC authorized the applicants’ important regulatory files in late May, the new financial instruments have been gradually moving toward a possible U.S. launch.
However, the regulator must also approve the applicants’ S-1 papers before the new products may be traded on exchanges.
A number of financial organizations have been vying for clearance to approve an exchange-traded fund (ETF) that would enable investors to bet on the price of Ethereum without having to purchase the cryptocurrency outright ever since the spot bitcoin ETFs were successfully launched in January.
Price of ether has increased 6.7% to $3,411 in the last day.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
