Ramazan Eles 
Ethereum investment is entering a new era in the US! The Securities and Exchange Commission (SEC) has given its final approval to spot Ethereum ETFs, allowing investors to gain direct exposure to Ethereum. This development will become official on July 23, 2024, when the ETFs begin trading on exchanges.
Approved Ethereum ETFs
iShares Ethereum Trust (BlackRock)
Fidelity Ethereum Fund (Fidelity Investments)
VanEck Ethereum ETF (VanEck)
21Shares Ethereum ETF (21Shares)
Bitwise Spot Ethereum ETF (Bitwise Asset Management)
Increased Participation Expected
Experts believe that the launch of spot Ethereum ETFs will provide a significant access point for traditional investors who were previously hesitant to invest in cryptocurrency, and will increase interest in Ethereum. This could lead to an increase in the Ethereum price due to increased demand.
Some analysts, such as Kaiko Research, point to past experiences such as the low demand for futures-based Ethereum ETFs launched last year, and note that the impact of spot ETFs on price could be uncertain.
The Ethereum price, which has fallen about 1.2% in the last 24 hours (currently trading at $3,458), faces significant resistance at the $3,500 level, according to analysts’ comments. It is difficult to predict which direction the price will go in the short term due to the impact of spot ETFs.
The approval of spot Ethereum ETFs is considered a turning point for the Ethereum and cryptocurrency markets. While an increase in the Ethereum price is expected in the long term due to the participation of a wider investor base, price fluctuations are likely to occur in the short term. Investors should make informed investment decisions by following these developments and analyzing the market.
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