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Investment fund specialist and Bloomberg Intelligence researcher Eric Balchunas revealed that, according to his sources, ether (ETH) ETFs will be launched on Tuesday, July 23 in the United States.
Thus, Balchunas confirmed the words of Nate Geraci, president of the ETF Store company, who had reported on dialogues between the US Securities and Exchange Commission (SEC) and companies that are requesting authorization to launch these investment funds.
Anticipating that things may not go as expected, Balchunas adds, «Of course, this does not imply unforeseen last-minute problems!».
The price of ETH, which already had a bullish impulse, rose even further upon the release of this news.