It seems that the long-awaited moment for Ethereum enthusiasts has finally arrived. According to recent reports from Bloomberg journalist Eric Balchunas, Ethereum exchange-traded funds (ETFs) are likely to launch on Tuesday, July 23.

Ethereum ETF Launching Soon

The SEC contacted ETF issuers today. They are being asked to file final S-1 filings, including associated costs, on Wednesday. They must then apply for approval of the ETFs on Monday after the market closes so they can launch on Tuesday, July 23.

This update confirms previous suspicions from analyst Nate, who had already pointed to the possibility of a missile launch on July 23.

Ethereum Price Up 14% in Anticipation of ETF Launch

Ethereum’s price performance over the past week has been impressive. In the past seven days, Ethereum’s value has risen by as much as 14 percent. This increase is largely attributed to the upcoming launch of Ethereum ETFs, which is seen as a very positive development by analysts and investors.

The launch of these ETFs is expected to attract more institutional investors, increasing demand for Ethereum and potentially causing further price increases.

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