Spot Ethereum ETFs Likely To Trade Starting July 2, Says Bloomberg Analyst

Spot Ethereum ETFs Likely To Trade Starting July 2, Says Bloomberg Analyst

Published Saturday 15th June 2024

Bloomberg analyst Eric Balchunas has made a significant prediction regarding the launch of spot Ethereum ETFs, stating that they are likely to start trading on July 2nd. This announcement comes after receiving positive feedback from the Securities and Exchange Commission (SEC). The anticipation for these ETFs has been high, as they are expected to provide investors with a new way to gain exposure to the cryptocurrency market through a regulated and traditional investment vehicle.

The introduction of spot Ethereum ETFs is a groundbreaking development in the world of cryptocurrency investing. These ETFs will allow investors to trade Ethereum without actually owning the underlying asset, providing them with a more accessible and liquid way to participate in the market. With the SEC showing optimism towards these ETFs, it signals a potential shift in how regulators view and approach cryptocurrency-related financial products, paving the way for further innovation and adoption in the industry.

Crypto News & Headlines

Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox

The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox

Trending on 18th July 2024 01:23 PM

BlockFi To Begin Temporary Crypto Distributions On Coinbase In July

Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current

Trending on 18th July 2024 12:54 PM

Mt. Gox Creditors Face Multiple Brute-Force Login Attempts

Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.

Trending on 18th July 2024 11:03 AM

Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4

Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z

Trending on 18th July 2024 10:45 AM

Indian Crypto Exchange WazirX Hit By $230M Hack

WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m

Trending on 18th July 2024 09:43 AM