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Bloomberg analysts have moved the expected approval date for the Ethereum (ETH) ETF to July 2nd, 2024. This follows comments from Eric Balchunas, a senior ETF analyst at Bloomberg, who noted that the SEC's feedback on the S-1 applications was 'pretty light,' suggesting a smooth approval process. The anticipation of the ETF launch has led to a 0.5% increase in ETH prices, with the cryptocurrency trading at $3,550. Market analysts are optimistic, predicting significant inflows and a bullish trend for ETH and other altcoins into Q3 2024.
Wall Street went to a lot of effort to get that Ethereum ETF, even changing the fucking thing from a security to not one. They are going to make money on it and they are going to do it upwards. This will make the btc maxis double angrier than they are today.
More crypto ETFs incoming William Quigley, co-founder of Tether and WAX, predicted that the approval of spot Bitcoin and Ethereum ETFs in the U.S. will lead to a surge in similar products for other cryptocurrencies like Solana and Cardano, driven by Wall Street's relentless… https://t.co/MQaGXKCPSu
#SEC Chair #GaryGensler Envisions US Spot #Ether ETFs Launching This Summer $ETH https://t.co/hHgwjBkP1s
