Bloomberg Eric Balchunas: SEC plans to list Ethereum spot ETF on 7/23! ETH hits $3,500

This site (120BtC.coM): When the Ethereum spot ETF will be listed has always been the focus of investors. Earlier today (16th), Coindesk quoted people familiar with the matter as saying that the U.S. Securities and Exchange Commission (SEC) Potential issuers have been informed on Monday that the ETF will be able to start trading next Tuesday (July 23) Eastern Time!

Another source said that trading may start next Tuesday, and the Ethereum spot ETF will start trading next Monday. Effective upon approval.

Bloomberg Analyst: The SEC plans to list the Ethereum spot ETF on "7/23"

Bloomberg senior ETF analyst Eric Balchunas, who had previously accurately predicted the listing time of the Bitcoin ETF, was also on the community early this morning. The platform stated that the Ethereum spot ETF will be launched on July 23.

"I heard that the SEC finally responded to issuers today, requiring them to submit final S-1 documents (including fees) on Wednesday, and then these applications will be officially effective next Monday and officially launched on Tuesday (7/23)."

Ethereum climbs US$3,500

Perhaps due to the news today that the Ethereum spot ETF will start trading next week, ETH reached a maximum of US$3,498 this morning, approaching the US$3,500 mark, with a strong increase of 6% in the past 24 hours. Surpassing Bitcoin’s 5.4% increase, it is currently trading at $3,476.1 at the time of writing.

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