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Zhitong Finance APP learned that on Monday, the spot Ethereum exchange-traded fund (ETF) has been approved by the New York Stock Exchange Arca and is now awaiting final approval of the S-1 form from the U.S. Securities and Exchange Commission (SEC). The funds are expected to be listed in the United States on July 23.

New York Stock Exchange Arca has confirmed its approval for the listing and trading of spot Ethereum ETFs from asset management companies Grayscale and Bitwise. According to a July 22 filing with the SEC, the exchange has approved “the listing and registration of common units of the Grayscale Ethereum Trust and the Bitwise Ethereum ETF.”

The funds are still awaiting final authorization from securities regulators, and analysts expect them to officially go live on July 23. "We expect them to start trading tomorrow," said ETF analyst James Seyffart on X. "That means we should see a bunch of filings on the SEC website today showing that the ETF prospectus has 'become effective.'"

On July 19, CBOE confirmed the launch of five funds for trading: 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. These funds are also awaiting "regulatory validity" approval from regulators.

The SEC must approve the funds’ preliminary securities registration forms, S-1, the final step before trading. On May 23, the agency approved the issuers’ proposed rule changes for Form 19-b.

Retail investors can buy Ethereum (ETH) ETFs through brokerage firms that offer these funds, such as Robinhood (HOOD.US) or Fidelity. The process is similar to buying and trading other ETFs and stocks. The management fees of most Ethereum ETFs range from 0.15% to 0.25%.

These ETFs are expected to pave the way for other altcoin ETFs, including Solana’s native token SOL.

Institutional demand for ETH could lead to a supply shortage. A recent report from Kaiko, a cryptocurrency market data and analytics company, highlighted that Ethereum’s 1% market depth is low, indicating reduced liquidity. This could lead to increased price volatility and drive ETH prices higher as demand rises.