BlackRock’s Spot Ethereum ETF is Now Trading in Pre-Market

The 22nd of July was a significant date for the cryptocurrency space with the approval of spot Ethereum ETFs.

A few hours after the S-1 approval (which means the ETF issuers are now officially ready to start their investment products) we can already see that these spot ETFs are trading in pre-market – like BlackRock’s iShares Ethereum Trust ETF (ETHA).

BlackRock also posted a video for Ethereum ETF investors.

Although this news is significant, Ethereum’s price is fluctuating, currently trading at $3,540 after a 1% surge in the past 24 hours. The price of ETH fell below $3,500, following BTC’s decline to around $66,300.

Ethereum ETFs are expected to register significant inflows, but not as much as spot Bitcoin ETFs did after their start.

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This however is a historic moment for the cryptocurrency community as this is the first altcoin ETF to get approval for non-crypto investors to get exposure.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.