🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
#What will ETH's price be with expected ETF trading?#
Ethereum ETFs Close to Approval: Spot ETH Price Remains Stable While Network Continues to Grow
S-1 Applications Indicate Transition to Ethereum ETFs
The submission of updated S-1 applications by eight applicants such as Bitwise, Fidelity, VanEck, and BlackRock is considered a significant milestone in the approval process of spot Ethereum ETFs. According to Bloomberg analyst Eric Balchunas, these applications are critical steps towards a potential market launch.
Companies like Franklin and VanEck have disclosed expense ratios; Franklin set at 0.19% and VanEck at 0.2%. In particular, BlackRock made a significant commitment by proposing a $10 million initial investment for its ETF.
These developments indicate the increasing confidence of major financial institutions in the future of Ethereum ETFs.
SEC will review the updated applications
In the next stage, the SEC will review these applications and provide feedback. This review process is critical and will determine when these ETFs can be launched. Although investors are hopeful, the timeframe is currently speculative.
Eric Balchunas pointed out July 2 as a possible launch date and provided an exciting date for investors to wait for. The SEC's decision could accelerate or delay this process, depending on their evaluations and the necessary changes in applications.
ETH Market Performance Among ETF Expectations
While ETF developments continue, Ethereum (ETH) has remained relatively stable at around $3,500. However, significant network growth in recent days indicates an increase in the number of new addresses interacting with ETH.
The increase in network activity is a positive signal indicating the interest from new investors and potentially an increase in the value of ETH.
Network Expansion and Transaction Speed
In addition to network growth, ETH's transaction speed has also shown a significant increase. This indicates an increase in transaction frequency, reflecting stronger market activity and investor participation.
Overall, these metrics paint an optimistic picture for Ethereum and indicate the potential for gains if possible ETF approvals are realized.
Result
The launch of Ethereum ETFs in the near future could be a significant milestone for the crypto market, offering new investment opportunities and increasing demand for ETH. Investors and market observers should closely monitor SEC reviews and approval processes as they will play a critical role in determining the launch timing and subsequent market impact. Significant network growth and increased transaction speed present a promising outlook for Ethereum depending on regulatory developments.
NOT INVESTMENT ADVICE.
#ETH#
#BTC#
#GateioInto11#
#ContentStar#
#HotTopicDiscussion#
#BountyCreator#
#GateLive#