The crypto market has been holding its breath for Spot Ethereum ETFs for a long time now. However, Bloomberg analyst Eric Balchunas has confirmed that the SEC has finally fully approved the instruments. Much anticipation is geared toward the positive influence the news will have on the crypto market, and ETFSwap (ETFS) is ready to support traders and investors in profitably trading the Ethereum ETFs.
Spot Ethereum ETFs Receive Full SEC Backing, Set For A July 23 Debut
In an X (formerly Twitter) post on July 15th, Bloomberg analyst Eric Balchunas confirmed that the SEC had fully approved Spot Ethereum ETFs and that the assets would start trading on July 23rd. He alluded to Nate Geraci’s prediction from the previous day and certified them correct. Geraci, ETF Store Presiden, had predicted that Spot Ethereum ETFs would start trading this week based on a lack of reasons for further delays.
Balchunas confirmed the prediction as “right” and then announced that the SEC had instructed Spot Ethereum ETFs issuers to return the final S-1 forms on July 17th and request effectiveness on Monday for a July 23 launch date. He, however, cautioned that the proposed launch date would only hold if there were no unforeseen last-minute issues.
As Bitwise Investment Management CIO Matt Hougan noted in an interview with CNBC’s Bob Pisan last week, the chances of issues creeping up at this point in the process are very slim. Hogan alluded to the minimal adjustments the SEC ordered on the crypto ETF issuers’ most recent filings and cited them as a sign that they were getting close to satisfying the SEC’s requirements for obtaining approval.
ETFSwap (ETFS) Is The Definitive Best Platform For Profitably Trading Spot Ethereum ETFs
Now that Spot Ethereum ETFs have received full SEC approval, the next major concern is naturally the best destination to trade the assets and enjoy the resulting crypto boom. Traders and investors need not look further than ETFSwap’s (ETFS) highly secure and easy-to-navigate platform.
ETFSwap (ETFS) contains a reflection of a database of different institutional ETFs backed by bonds, funds, equity, and now cryptocurrencies. The tokenized ETFs available on the platform also come from various industries, including agriculture, energy, healthcare, etc. Investors and traders have quite a ripe, highly liquid field to harvest with ETFs.
ETFSwap (ETFS) supports traders and investors in profitably trading their preferred instruments, including Spot Ethereum ETFs. The ETFSwap (ETFS) team’s extensive market-making expertise helped create their industry-leading market-making algorithm which helps minimize slippage while executing orders and takes them with tight spreads. The result is that buy and sell orders are executed at the best possible prices, and traders always have optimal liquidity.
ETFSwap (ETFS) also has attractive leverage options to help the ‘little guy’, as it were, strengthen their positions in the crypto market and multiply their gains. Users can access 10x leverage on all trades, and 50x leverage for futures and options trading.
These juicy features would be nothing without proper security and accountability. To that end, ETFSwap (ETFS) completed KYC verification from SolidProof on July 10th. The process saw ETFSwap’s (ETFS) leadership and team members verify their identities, reinforcing investors’ confidence that their investments are safe.
Conclusion
The crypto market is about to see a resurgence with the SEC’s final approval of Spot Ethereum ETFs, and smart traders and investors are preparing for it by joining ETFSwap’s (ETFS) revolutionary ETF trading platform and buying its token presale. Visit the website today to do so and apply the 50% bonus promo to your purchase.
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