Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Ethereum ETF Final Approval for US Trading
BLOCKCHAIN NEWS

Ethereum ETF Final Approval for US Trading

By Crypto FlexsJuly 22, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum ETF Final Approval for US Trading
Share
Facebook Twitter LinkedIn Pinterest Email

The US SEC has given final approval for the first US spot ETH ETF. Trading is scheduled to begin tomorrow, July 23.

Today, July 22, the U.S. Securities and Exchange Commission accepted the securities filings of several spot Ethereum (ETH) exchange-traded funds (ETFs), allowing trading to begin as scheduled on Tuesday.

The SEC has approved ETH ETF products from eight issuers, including asset management giants Fidelity, Blackrock, VanEck, 21Shares, and Bitwise.

The SEC initially approved the above ETH ETF application in late May, but companies were waiting for the S-1 filing (registration of new securities) to be approved before they could officially begin trading. Last week, the SEC notified issuers that they needed to finalize their S-1 documents by July 17 to receive approval to begin trading on July 23.

How will the ETH price react?

The outlook for ETH prices after the launch of a spot ETF is uncertain, according to a report from Kaiko Research released today. The firm noted that demand was “not overwhelming” when a futures-based ETH ETF was launched last year.

The ETH price has fallen by about 2.5% over the past 24 hours and is currently trading near $3,400. Earlier today, analysts at IntoTheBlock noted that the Ethereum price is facing significant resistance at the $3,500 level.

30-minute ETH price chart, July 15-22, 2024 | Source: crypto.news

As with spot Bitcoin (BTC) ETFs in general, analysts and the industry as a whole see the launch of a spot ETF product as a bullish sign for broader adoption. Since the ETF is traded on traditional exchanges via brokerage accounts, more traditional investors will now have access to the two largest cryptocurrencies by market cap through a medium they are already comfortable trading.

First Bitcoin, now Ethereum

The Spot BTC ETF was approved for trading in the US in January.en, has seen record inflows. Since spot BTC ETF trading began in January, the Bitcoin price has risen by nearly 50% and is currently trading near $67,700.

Ethereum ETF Final Approval, Trading Begins Tuesday - 2
4-Hour BTC Price Chart, Jan 8 – Jul 22, 2024 | Source: crypto.news
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

What happened in Crypto today

August 26, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Analyst Says Dogecoin And Two Altcoins Flying Below Radar Blinking Bullish Signals. Here’s his outlook:

April 23, 2024

What is a pixel? Inside Ronin Farming Game and Ethereum Token Airdrop

February 19, 2024

Bitcoin hits a monthly low due to widespread cryptocurrency selling.

June 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.