Bloomberg Intelligence researcher and hedge fund specialist Eric Balchunas revealed that —according to his sources— Ether (ETH) ETFs will be launched on Tuesday, July 23 in the United States.
Balchunas thus confirmed the words of Nate Geraci, president of the ETF Store company, who had reported on talks between the US Securities and Exchange Commission (SEC) and companies requesting authorization to launch these investment funds. Anticipating that things might not go as expected, Balchunas adds: «Of course, this does not imply unforeseeable last-minute problems!» The price of ETH, which was already showing bullish momentum, rose even more so when this news was known.
ETH Price as of July 1, 2024 – Source: TradingView. In the chart above, provided by TradingView, you can see how The native cryptocurrency of the Ethereum network reaches levels not seen since the beginning of JulyAs BitcoinDynamic reported hours ago, expectations for the launch of these first 8 ether ETFs in the US market are driving the price of the digital currency created by Vitalik Buterin.