TechFlow news, according to a 10x Research report, the U.S. Securities and Exchange Commission (SEC) has approved Ethereum ETFs, which will begin trading on July 23. Looking back at history, from the launch of Bitcoin futures in December 2017 to the listing of spot Bitcoin ETFs in January 2024, similar events have often triggered market adjustments shortly after listing.
The report noted that when the SEC requested exchanges to update their 19b-4 filings on May 20, the probability of Ethereum ETF approval surged from 25% to 75%. Within the following seven days, open interest in ETH futures increased by 500,000 contracts, rising from $8.8 billion to $13 billion, while ETH price climbed from $3,065 to a peak of $3,959. Analysts warn investors to pay attention to potential short-term market volatility following the ETH ETF launch.
