In a significant development for the cryptocurrency market, Ethereum Exchange-Traded Funds (ETFs) are poised to debut on Tuesday, July 23, as confirmed by sources familiar with the matter.
The anticipated launch date was revealed by Bloomberg’s Senior ETF Analyst Eric Balchunas via social media, citing insights from industry insiders. Following months of negotiations with the U.S. Securities and Exchange Commission (SEC), major financial players such as BlackRock and Fidelity are preparing to roll out these groundbreaking financial products.
After the SEC greenlit crucial regulatory filings in late May, ETF issuers have been diligently preparing for this pivotal moment. The upcoming ETFs will enable investors to speculate on Ethereum’s price movements through traditional financial markets, bypassing the need to directly purchase the cryptocurrency.
