#eth

Bloomberg's senior ETF analyst, Eric Balchunas, has revealed that the SEC asked applicants to submit their final S-1 form documents by Wednesday, along with a request for effectiveness on Monday. This suggests that the launch could happen on Tuesday, July 23.

According to K33 Research analysts, ETH could outshine BTC once spot Ethereum ETFs are launched. They predict the ETFs will boost ETH's price, while BTC may experience pressure from the Mt. Gox exchange creditors.

Itaú Unibanco, a Brazilian bank, has announced that its BTC and ETH trading services are now accessible to all clients.

On July 5, a wallet acquired an NFT named "Neon Village" for 20 ETH (~$58,000) using a bid that was placed on SuperRare back in 2021.

Bloomberg reports that Standard Chartered, a multinational financial corporation, is developing its own platform for trading Bitcoin (BTC) and Ethereum (ETH). This new division will operate as part of the bank's global banking sector, with its management hub based in London.