Ethereum ETF launch date confirmed!

Plus, JPMorgan predicts when Bitcoin bull market will begin.

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GM Explorer,

The very first spot Ethereum ETFs might debut on the US markets on July 23rd, around the same time as the Bitcoin Conference!

This is the Crypto Explorer, your crypto tour guide.

Here’s what we got for you today:

  • 💃 Ethereum ETFs set to arrive on US markets!

  • 🗣️ JPMorgan predicts when Bitcoin bull market will begin!

  • 🧱 Around The Block: Mysterious whale accumulates 12.75 million $LINK tokens from Binance.

💃 Ethereum ETFs Set to Arrive on US Markets!

Hey everyone, it looks like the first spot Ethereum ETFs might hit the US markets on the 23rd of July!

How do we know?

The renowned Bloomberg analyst Eric Balchunas spilled the beans and seemed pretty confident about it.

According to him, the SEC has been demanding the final S-1 forms be submitted by July 17th.

Now, if you're wondering what that is, the S-1 form is a big deal because it's the first step required by the SEC for any security to go public.

If they’re asking for it, then maybe Balchunas is right, and action is about to take place!

But hey, this isn’t the first time the S-1 form has been requested.

The Ethereum ETF issuers initially filed their forms on July 8th, but interestingly, many of them conveniently left out the fees in their initial filings. Balchunas thinks it's a clever move to scope out the competition, especially with heavyweights like BlackRock in the mix.

But that's not all!

ETF analyst James Seyffart also chimed in, suggesting that these ETFs might launch around the same time as the Bitcoin Conference in Nashville. Can you imagine the buzz that will create?

If all this pans out, it could be a monumental leap for crypto adoption, positioning Ethereum as a serious asset for institutional investors.

In fact, Bitwise CIO predicts these ETFs could attract a jaw-dropping $15 billion in investments by the end of 2025!

And it wouldn’t just stop with Ethereum.

This approval could open the floodgates for other crypto ETFs, like the spot Solana ETFs recently filed by VanEck and 21Shares.

Seriously, it could be the start of a whole new world! If you want to dive deeper into these developments, just click here!

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🗣️ JPMorgan Predicts When Bitcoin Bull Market Will Begin!

JP Morgan has made some bold predictions about Bitcoin's future despite the market's recent bearish trends.

The bank’s latest report suggests that the ongoing sell-offs, driven by Mt. Gox creditors and the German government, which have pressured Bitcoin prices, should wrap up in July.

And this will pave the way for a significant market rebound in August!

However, there are still some concerns.

The bank is unsure about the sustainability of the high Bitcoin inflows in its year-to-date flow due to factors like Bitcoin's high price compared to its production cost, the price of gold, and a drop in Bitcoin reserves across exchanges.

They have actually adjusted their estimated net flow from $12 billion to $8 billion!

In the wake of the bank's predictions, other crypto analysts and community members have also hinted that the recent increase in Bitcoin's price is a continuation of a strong bull market.

'CryptoYoddha' on X even said that the German government was getting ready to sell their last 10,000 BTC just before the bull run.

So, what's your take on all this? Do you buy into these predictions?

Before you make up your mind, you might want to dive into the full story here for all the details!

🧱 Around The Block:

That's all we've got for you today.

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In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”

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