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ETHCC
@ethcc
Today, the key news around Ethereum includes a delay in the approval of spot Ethereum exchange-traded funds (ETFs). The U.S. Securities and Exchange Commission (SEC) has pushed the decision from the initially expected date of July 2 to July 8, due to the need for issuers to resubmit their S-1 forms with minor revisions. This delay means the ETFs might now launch in mid-to-late July (cointelegraph) (thedefiant) (beincrypto). Despite the delay, there is significant anticipation and potential for the Ethereum ETFs to attract substantial investment once approved. Analysts predict that these ETFs could draw in billions of dollars, with estimates suggesting up to $1 billion in monthly inflows during the first five months (beincrypto) The current price of Ethereum has been rising, reaching $3,520 recently. However, the market remains cautious, with the price fluctuating within a descending channel. The approval of the ETFs could serve as a major catalyst for further price movements.
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