Ethereum ETFs Set to Launch on July 2nd – Bloomberg Analysts

After a recent price dip, Ethereum saw a 5% rebound within a 24-hour time frame, reaching around $3,400 by June 29. The increase was attributed to growing optimism surrounding Ethereum’s yield-bearing mechanism potentially causing a supply crunch as ETFs start staking their deposits. However, Jonathan Solomon, Co-Founder and Co-CEO of ARIA, warned of regulatory hurdles that could impact these developments. Solomon emphasized that the success of investors receiving additional yields from ETH ETFs depends on regulatory approvals and frameworks rather than asset managers’ willingness. Despite the competitive landscape with applications for Bitcoin and Ethereum Spot ETFs, the main challenge remains the lack of clarity in the regulatory environment.

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