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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-launches-and-ethereum-etf-awaits-approval/" data-wpel-link="internal">Bitcoin ETF Launches and Ethereum ETF Awaits Approval</a> 
January 10, 2024, marked a historic event in the world of cryptocurrencies. The launch of spot Bitcoin ETFs on this date was of historical significance and potentially changed the entire <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> fundamentally. Contrary to cycles, BTC made an early ATH run after the ETF trading began, and everything suddenly shifted to a different dimension. After the BTC process, attention turned to the spot <a href="https://en.coin-turk.com/ethereums-price-surge-is-the-party-over/" data-wpel-link="internal">Ethereum</a> ETF, and following the first approval on May 23, issuers continue to seek answers on when trading might begin. It seems a step from the SEC is awaited in this context. 
<h2 style="text-align: justify" id="current-status-of-spot-ethereum-etf">Current Status of Spot Ethereum ETF</h2> 
There appears to be activity among Ethereum ETF issuers. On July 8, issuers completed the submission process of S-1 forms. Following this process, issuers awaiting information on the expected trading start date are eagerly awaiting <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">an announcement</a> from the U.S. Securities and Exchange Commission. 
A source who received information from the issuers made the following statement: 
<blockquote> 
 The next step will be to hear from the SEC about what happens next. Do they want final drafts? By when? 
</blockquote> 
The source also commented on the upcoming announcements from the institution, suggesting that future announcements would be informative. 
In May, the 19b-4 forms were approved by the SEC. This was the first stage of the process, and attention then turned to the S-1 documents. Interestingly, while there was a deadline for the first approval, there is no such date for the S-1s, and more importantly, the ETFs need to be definitively approved to start trading. During this process, the S-1 documents have seen multiple updates from the issuers. 
However, market participants believe that the process might be nearing its end. Another source commented: 
<blockquote> 
 The SEC continues its review, and we seem to be approaching final approval. We are expecting one more final submission, but the timing is uncertain. 
</blockquote> 
Eric Balchunas, a well-known analyst at Bloomberg for cryptocurrency ETFs, suggested that the S-1 approval for spot Ethereum ETFs could happen this month. 
<h2 style="text-align: justify" id="ethereum-price">Ethereum Price</h2> 
Amidst all this, Ethereum continues to stay above $3,000. Ethereum price, following a 0.12% rise in the last 24 hours, is trading at $3,120. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-369853" src="https://coin-turk.com/wp-content/uploads/2024/07/eth-fiyat-gorunum-coin-turk-com.png" alt="" width="2433" height="1145"> 
Ethereum’s market cap has surpassed $375 billion, while its trading volume has risen by 5.48% in the last 24 hours, exceeding $15.15 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-launches-and-ethereum-etf-awaits-approval/" data-wpel-link="internal">Bitcoin ETF Launches and Ethereum ETF Awaits Approval</a></h5>

Bitcoin ETF Launches and Ethereum ETF Awaits Approval

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