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Spot ETH ETFs Get Final Approval to Launch

The first stateside spot ETH ETFs will launch tomorrow morning.
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Jul 22, 2024 • 1 min read

Spot Ethereum ETFs are officially green-lit for launch tomorrow morning!

What’s the scoop?

  • Final Approval: The Securities and Exchange Commission (SEC) has issued final approval for spot ETH ETFs to commence trading.
  • Marketing Efforts: With their spot ETH ETFs having finally received approval, issuers can finally kick their marketing efforts into overdrive, allowing firms like Bitwise to showcase the benefits of their products in an attempt to capture inflows tomorrow.

Bankless take:

The simple existence of spot crypto ETFs is anticipated to catalyze investor excitement and unprecedented bullish inflows for ETH that will lift price, as they seemingly did following the approval of spot BTC ETFs. Tomorrow, this theory will be put to the test.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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