Eric Balchunas predicted the launch of spot Ethereum-ETFs by July 23, 2024.

According to the expert, issuers should send applications with final edits by the end of business on July 17. The analyst is confident that as soon as these positions begin trading, the SEC will approve other crypto funds and the SEC will finally approve spot Ethereum-ETFs. 

The SEC has contacted issuers and asked them to send S-1s with final edits, including fees, by Wednesday (July 17, 2024).

Ethereum reacted to the news with moderate growth. At the moment, the price of the asset reached the level of $3498, but then there was a pullback.