Will spot ETH ETFs start trading before Jul 2?
According to Eric Balchunas who is a Bloomberg ETF analyst, it may begin trading spot ETH(Ethereum) ETFs before Jul 2. The U.S. SEC(Securities Exchange and Commission) approved spot ETH ETFs on May 23. But, the applicants can't start trading before approving S-1 registration.
Source: Cointelegraph
The ETH is the representative of altcoins. Most altcoins have suffered price corrections during the last 3 months. It's been boring for me as well.
However, if spot ETH ETFs begin trading from July, the crypto market sentiment will change. I think Wall street can't wait to accumulate spot ETH 🛢 Impatient speculators won't be rewarded this cycle's altseason.
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Seems like end of August into September for trading to start taking place.