Ethereum Price Surpasses $3,300 Boosted by Potential ETF Approval

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The price of Ether has reached over $3,300 in anticipation of the potential launch of spot ETH exchange-traded funds (ETFs) by the end of this week.

According to TradingView data, Ether is currently being traded at $3,331, showing a 16% increase from its previous price of $2,909 in the past week.

Nate Geraci, an ETF analyst and president of The ETF Store, shared his prediction that eight spot ETH ETFs would be launched by the end of this week.

He expressed his thoughts on X, stating that he cannot think of any reason for further delays in the launch of these ETFs. In agreement with Geraci, an anonymous source with knowledge of the matter said on July 12 that the spot ETH funds are expected to be launched by the end of this week.