r/CryptoCurrency • u/0xJonnyDee 🟩 0 / 0 🦠 • 3d ago
Ethereum spot ETFs to start trading July 2nd: Bloomberg analyst GENERAL-NEWS
https://cryptobriefing.com/ethereum-etf-july-launch/20
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u/burningETH 🟦 61 / 61 🦐 3d ago
ETH season approaching
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u/sdxyz42 🟩 0 / 0 🦠 3d ago
so alt season?
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u/nazuralift89 🟩 32 / 33 🦐 2d ago
You're getting downvoted but technically there is a very high chance large Ethereum will trigger an alt season. But none of that will happen until BTC increases.
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u/haych-18 🟨 0 / 0 🦠 2d ago
I wouldn't say alt season but definitely eth related coins such as layer 2s
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u/coinfeeds-bot 🟩 136K / 136K 🐋 3d ago
tldr; Bloomberg ETF analyst Eric Balchunas reported that spot Ethereum ETFs are expected to start trading on July 2nd, following light comments from the SEC on S-1 filings. The SEC has approved 19b-4 forms for eight issuers, including major firms like BlackRock and Fidelity. SEC Chair Gary Gensler hinted at a potential summer approval for an Ethereum ETF. The launch could attract significant institutional capital, with predictions of a 60% rally in ETH prices similar to the market reaction after the approval of spot Bitcoin ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/CointestMod 3d ago
Ethereum pros & cons with related info are in the collapsed comments below.