The post SEC Approves Spot Ethereum ETFs For July 23 Trading Amid Significant Whale Activity appeared on BitcoinEthereumNews.com.

The SEC has given the green light for spot Ethereum ETFs to commence trading on July 23. According to Bloomberg analyst Eric Balchunas, the SEC has instructed issuers to submit the final S-1 form by Wednesday and apply for effectiveness after the market closes next Monday, allowing trading to start on Tuesday. CoinDesk: SEC tells spot Ethereum ETF issuers that they can start trading on July 23. Bloomberg analyst Eric Balchunas said that the SEC requires them to submit the final S-1 form this Wednesday and apply for effectiveness after the close of next Monday so that they can start on… — Wu Blockchain (@WuBlockchain) July 16, 2024 On the on-chain activity front, significant movements have been observed among major Ethereum whales. Notably, the Zircult staking top four whale, identified as 0xbec…D3Ad3, redeemed 11,966 ETH (worth $40.16 million) from Renzo 19 hours ago. Within the past hour, this whale transferred 4,966 ETH to Binance. This whale has accumulated 63,837 ETH at an average price of $3,018 between December 2023 and May 2024, with a total investment of $192 million. It still holds 54,876 ETH, with more than $100 million staked in Zircult. Zircult 质押排行 TOP4 巨鲸 0xbec…D3Ad3 于 19 小时前收到从 Renzo 赎回的 11966 枚 $ETH （价值 4016 万美金），并在过去一小时内向 #Binance 充值了其中 4966 枚🐋 该巨鲸在 2023.12.10 – 2024.05.28 期间以均价 $3018 建仓了 63,837 枚 ETH，总价高达 1.92 亿美金，平均建仓成本… pic.twitter.com/t8jJ4l742G — Ai 姨 (@ai_9684xtpa) July 16, 2024 Other Notable ETH Whale Transfers To Monitor  Another significant movement involved a suspected Sun Ge address, 0x435…Ef7cB, which transferred 402 ETH from HTX, valued at $1.35 million at a transfer price of $3,358. Since April 17, this address has increased its holdings to 80,716 ETH, with a total value of $270 million. 更新：疑似孙哥地址 0x435…Ef7cB 两分钟前从 #HTX 转出 402 枚 ETH，价值 135 万美金，转出价格为 $3358 该地址自 04.17 以来增持的 $ETH 数量增长至…

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Filed under: News - @ July 17, 2024 7:26 am