Spot Ethereum ETF Predicted to Launch on July 23!

Bittime - Eric Balchunas, analyst from Bloomberg, predicts that The Ethereum Spot ETF launched on July 23rd. If this prediction is correct, then this will be an important moment for the crypto market and investors who are looking forward to this new investment instrument.

Ethereum Spot ETF Launched

Eric Balchunas revealed that the US SEC has finally responded to ETF issuers. Balchunas mentioned that the SEC required the issuer to return the final S-1 documents, including fees.

After that, the issuer is expected to file for effectiveness after market close, so the Ethereum Spot ETF could launch on Tuesday, July 23.

Balchunas added that while there is no specific information yet, he feels there is no compelling reason for further delays at this point. 

The issuer is ready to launch this ETF, and if there are no unforeseen issues, the launch of an Ethereum Spot ETF on July 23 could become a reality.

ETF Ethereum Spot

The launch of the Ethereum Spot ETF will be a significant milestone in the crypto world. ETF (Exchange-Traded Fund) is an investment instrument that allows investors to purchase shares representing the underlying asset, in this case, Ethereum. 

With the Ethereum Spot ETF, investors can have direct exposure to Ethereum without having to buy and hold Ethereum coins. Ethereum Spot ETFs will also provide institutional investors with the opportunity to enter the Ethereum market in a more secure and orderly manner.  

Ethereum Price Today

Source: Bittime.com

News regarding the potential launch of an Ethereum Spot ETF is expected to influence the crypto market positively. 

The price of Ethereum is expected to experience an increase in response to increased investor interest and expectations for the Ethereum Spot ETF.  

Based on today's Bittime market, the price of ETH increased by 4.15 percent in 24 hours. When this article was written, ETH was trading at IDR 56,110,684.

Baca Juga: Analisis Persetujuan ETF Ethereum dan Dampaknya pada Pasar Kripto

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.