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The SEC has approved several spot Ethereum ETFs. They'll start trading on Tuesday, July 23rd. This comes after weeks of back-and-forth on registration statements. The U.S. Securities and Exchange Commission gave the thumbs up to a bunch of big names. 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy all got the nod. Grayscale's Ethereum Trust and Ethereum Mini Trust also got the green light. James Seyffart tweeted about the approvals on July 22nd. "Official Ethereum ETF 'effective' filings are now coming in," he said. The SEC's move follows their May 23rd approval of rule changes. These allowed spot Ether ETFs to be listed and traded. BlackRock's iShares Ethereum Trust will hit Nasdaq. Grayscale's Ethereum Trust is headed for the NYSE. Most of these ETFs are keeping fees low. They're ranging from 0.15% to 0.25%. Bitwise is offering a competitive 0.20% fee. They're throwing in an initial discount for the first $500 million in assets. Grayscale's sticking out with a higher 2.5% fee. BlackRock's sitting at 0.25%. Some issuers are getting creative with fees. Fidelity, 21Shares, Franklin Templeton, and VanEck are waiving fees for a bit. They'll do this until their products hit certain asset levels. Grayscale's Ethereum Mini Trust is waiving fees for six months. Or until it hits $2 billion in assets. Regular folks can get in on the action too. They'll be able to buy these Ether ETFs through brokerages like Robinhood and Fidelity. It'll be just like buying other ETFs or stocks. There's buzz about what this could mean for Ethereum's price. Some think increased institutional demand could lead to supply shortages. This might crank up price volatility and push Ethereum higher. NYSE Arca confirmed listing approvals for Grayscale and Bitwise. CBOE gave the nod to Fidelity Investments, Franklin Templeton, Invesco, 21Shares, and VanEck. It's a big deal for regulated exposure to Ethereum. The listing process was no walk in the park. It involved a two-step procedure. The SEC approved 19b-4 forms in May. This let NYSE Arca move forward with listing. The final step came on Monday when the SEC let registration statements become effective. Some folks are pretty hyped about what this could mean. Bloomberg ETF analyst Eric Balchunas thinks it could open doors for other crypto ETFs. "Keep in mind after launch there are flows and then additional ETH products I'm sure, then Solana, and then... it's probably never going to end. The dam has broken," he said. Some analysts are going wild with price predictions. They're talking about ETH hitting $100k and beyond. But let's not get ahead of ourselves. Only time will tell how this plays out.

Spot Ethereum ETFs are set to hit U.S. markets next week. They're tipped to be a big deal for crypto. Bitwise reckons these ETFs will send ether prices soaring. They're eyeing a target above $5,000. That's uncharted territory for the world's second-largest cryptocurrency. But don't expect fireworks right away. The ride could be bumpy at first. Bitwise's chief investment officer, Matt Hougan, spilled the beans in a Tuesday report. He's bullish, but cautious. "By year-end, I'm confident the new highs will be in," Hougan wrote. He added a kicker: "If flows are stronger than many market commentators expect, the price could be much higher still." Why the optimism? Bitwise points to bitcoin's performance since its ETF debut in January. It's up about 25%. But ether's got some tricks up its sleeve. Unlike bitcoin, its inflation rate is zilch. Zero. Nada. Plus, a whopping 28% of ether is locked up in staking. That's a big chunk off the market. Bitwise is betting big. They're projecting $15 billion in net inflows for ether ETFs in their first 18 months. They're not alone in their bullish stance. Steno Research is singing from the same hymn sheet. Last month, they predicted ether would hit at least $6,500 later this year.

Ethereum could outperform Bitcoin after the launch of spot ETFs in the US. This is according to a new Kaiko report. The launch could happen as soon as July 23. The report focuses on the Ethereum to Bitcoin Price Ratio. This metric measures how much BTC you need to buy one ETH. Right now, it's at 0.05. That's up from 0.045 before the SEC greenlit spot Ether ETFs. Ethereum's 1% market depth is another factor to watch. It's pretty low at the moment. This could lead to higher volatility. But it could also fuel a bull run. The Ethereum Exchange Reserve is at multi-year lows. This metric tracks how much Ether is available on exchanges. Low reserves could signal a supply crunch coming. Institutional demand for Ethereum ETFs might drive prices up. It's a big deal. Eric Balchunas, a Bloomberg ETF analyst, predicts a July launch. He says the SEC asked for amended S-1 forms by July 16. Tom Dunleavy, an institutional investor, has some bold predictions. He told Cointelegraph he expects $10 billion in inflows. That's roughly $1 billion per month. Ethereum's regulatory status has been a hot potato. Is it a commodity or a security? The SEC dropped its investigation into Ethereum in June. Laura Brookover, a Consensys attorney, reckons they did it to save face. The CFTC has thrown its hat in the ring too. Its chairman, Rostin Behnam, argues that ETH is a commodity. He thinks it falls under his agency's jurisdiction. All this buzz is creating a perfect storm for Ethereum. Low liquidity, potential ETF approval, and regulatory clarity could send prices soaring. But as always in crypto, it's anyone's guess. Investors are on the edge of their seats. July 23 could be a game-changer for Ethereum. Will it live up to the hype? Only time will tell.

Larry Fink, CEO of BlackRock, dropped a bombshell saying he changed his mind about Bitcoin. That might have also influenced BTC recent price movement. Bitcoin's price held steady above $63,000 on July 15. This came after a weekend rally. The cryptocurrency gained 3.5% in a day. It's up 10% since Friday. Traders are eyeing further gains. Some analysts believe the downtrend is over. Peter Brandt, a veteran trader, sees a potential bullish pattern forming. "Bitcoin could be unfolding its often-repeated Hump...Slump...Bump...Dump...Pump chart construction," Brandt said on social media. He added that bears might be trapped. A close below $56,000 would negate this view. Rekt Capital, another popular analyst, was more confident. "The Bitcoin Downtrend is over," he declared. Some traders are drawing parallels with post-halving price action in previous cycles. Henrik Zeberg, an economist at Swissblock, chimed in. "The final phase of the BlowOffTop has begun!" he exclaimed. Zeberg pointed to a bullish divergence in the relative strength index. But it's not just chart watchers getting excited. Larry Fink, CEO of BlackRock, dropped a bombshell. In a CNBC interview, he admitted to changing his mind about Bitcoin. "I was a skeptic. I was a proud skeptic," Fink confessed. "And I studied it, learned about it, and I came away saying, 'OK, you know, my opinion five years ago was wrong.'" Fink now believes Bitcoin is "legitimate". This is a big deal. BlackRock, the world's largest asset manager, runs the biggest spot Bitcoin ETF by assets. Eric Balchunas, a Bloomberg ETF analyst, weighed in. He stressed the significance of Fink's endorsement. "Buy in from BlackRock - as well as other legacy firms like Fidelity - gives boomer advisors comfort and cover to make the allocation," Balchunas noted. The crypto world is buzzing. With big names jumping on board, Bitcoin's future looks brighter than ever. But as always in crypto, expect the unexpected. This rollercoaster ride is far from over.

Solana (SOL) is currently in bearish territory. Prices are up at spot rates. The downtrend persists. Bulls need to push prices above $155, then $190, to change this outlook. One analyst on X is bullish on SOL. They predict significant gains in coming months. The analyst sees parallels with Ethereum's 2018 performance. SOL might outperform the broader market. The analyst targets at least $2,800 in the next bull cycle. This forecast is based on SOL's recent price action. Ethereum hit $1,400 in 2018. It then crashed below $100. Solana peaked at $240 in 2021. It later plummeted to $8 in November 2022. FTX's collapse worsened the dump. The analyst noted ETH's sharp rally after its crash. It surged over 20X within 660 days. SOL's retracement depth mirrors ETH's 2018 drop. This similarity fuels the bullish prediction. Several factors drive this optimism. Solana's rising prominence is key. Developers are flocking to the network. Low fees and high scalability are the main draws. Meme coins are booming on Solana. BONK and BOME, worth billions, run on the platform. This trend is boosting Solana's profile. At some point Solana might turn out to be the ultimate place for all the leading meme coins to live, and that's going to be a really big deal. Recent ETF developments are another positive sign. VanEck and 21Shares have applied for spot Solana ETFs. These filings are still early-stage. The SEC will review them rigorously. Hopes are high due to recent spot Ethereum ETF developments, though nobody can tell for sure that this is about to happen with a high level of certainty. If approved, a spot Solana ETF could be a game-changer. It would allow institutional exposure to SOL. This institutional interest could push prices higher. The analyst's $2,800 target suddenly doesn't look so crazy. But as always in crypto, only time will tell.