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The Securities and Exchange Commission (SEC) has approved spot Ethereum exchange-traded funds (ETFs) to begin trading in the United States on July 23, 2024.
This decision comes after the SEC approved the necessary S-1 registration statements on July 22, paving the way for these ETFs to launch on major stock exchanges including Nasdaq, NYSE Arca, and the Chicago Board Options Exchange.
Several prominent financial institutions have successfully secured approval as ETF issuers, including BlackRock, Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck, and Invesco Galaxy. This development follows the SEC’s initial greenlight of their 19b-4 applications on May 23, which approved the rule change allowing spot Ethereum ETFs to be listed and traded on exchanges.
The listing details
Among the approved ETFs, the BlackRock-issued iShares Ethereum Trust will be listed on Nasdaq, while the Grayscale Ethereum Trust will trade on NYSE Arca. Most of these new ETFs will offer competitive base fees ranging from 0.15% to 0.25%, with several issuers waiving fees for initial periods or until certain asset thresholds are reached.
This approval comes at a time of political change, with US President Joe Biden recently withdrawing from the 2024 election race and the subsequent crypto volatility. Some market analysts view this development as potentially positive for cryptocurrency assets.
Industry experts anticipate that spot Ethereum ETFs could attract between 10% to 20% of the investment flows seen by spot Bitcoin ETFs, which launched approximately six months ago. In Early June, a market analysis report suggested that ETH ETF inflows could range between $3 billion and $4.8 billion within the first five months. This is slightly higher than JPMorgan’s $3 billion forecast for this year.
In late May, analysts started sharing bets on where Ethereum’s price was headed following the approval of the ETH spot ETF. One analyst wrote at the time:
It’s time to send $ETH into the stratosphere.
The post Spot Ethereum ETFs Set to Launch in US on July 23 appeared first on ReadWrite.

WienerAI is rapidly gaining traction in the crypto space, and recent developments have only bolstered the project’s appeal.
For those who missed the initial opportunity to invest, there is one final chance to get involved in the next 7 days.
The project has already raised over $7 million, reflecting immense interest and confidence in its potential. As the countdown to the end of the presale ticks away, the excitement surrounding WienerAI continues to grow.
WienerAI: Merging meme culture with advanced AI trading for a unique crypto experience
WienerAI combines elements of meme culture with cutting-edge AI trading technology, creating a unique and engaging platform.
It stands out with its AI-enhanced trading capabilities, which offer instant, predictive, and user-friendly features.

This makes it an excellent entry point for newcomers to the crypto space. Additionally, WienerAI boasts its own swapping platform, akin to a decentralized exchange (DEX), which promises seamless and zero-fee transactions.
Some of the key features that make WienerAI stand out from other presales in the crypto market include its AI-enhanced trading interface.
This core feature is not only predictive but also designed to be noob-friendly, making it accessible to both experienced traders and newcomers alike. The AI’s capabilities ensure that users can make informed trading decisions quickly and efficiently.
Another notable feature is the platform’s seamless sausage swaps. WienerAI includes its own swapping feature, allowing users to trade tokens effortlessly.
Unlike many other platforms, WienerAI charges zero fees on swaps or trades, providing a cost-effective solution for its users. This zero-fee structure is highly appealing and sets WienerAI apart from its competitors.

Walking into the new week like a true Wiener 🌭 pic.twitter.com/QrKctKTFhL
— WienerAI (@WienerDogAI) July 22, 2024

One of the most impressive features of WienerAI is its protection against Miner Extractable Value (MEV) bots. These bots often exploit the brief period between when an order is placed and when it is filled, profiting at the expense of regular traders.
WienerAI’s innovative MEV bot protection ensures that users’ trades are secure from such predatory practices, making it a trustworthy choice for investors. See what the future holds for WienerAI with our $WAI price predictions here.
WienerAI presale: Exceptional staking rewards and robust marketing strategies fuel bullish sentiment
WienerAI offers several investment options in its presale, including ETH, USDT, BNB, and even traditional credit cards. Potential investors can visit our guide on how to buy WienerAI tokens here.
Alongside the presale, WienerAI provides a staking option with an impressive annual return of 144%, effectively offering a 2.5x increase on the initial investment per year.
This attractive staking opportunity is another reason for the growing bullish sentiment around the project. WienerAI’s branding and marketing strategies are also noteworthy.
The tokenomics of WienerAI are structured to benefit the community, with 30% allocated for the presale, 20% for staking, 20% for community rewards, and 20% for marketing.
This ensures that the community is rewarded for their participation and loyalty, and it provides a substantial budget for promotional activities, which is expected to drive the token’s value further.
A particularly exciting aspect of WienerAI’s marketing strategy is the planned KOL (Key Opinion Leader) blast. By partnering with influential figures in the crypto space, WienerAI aims to significantly boost its visibility and attract more investors.

This approach has proven effective for other projects, and it is expected to create substantial momentum for WienerAI as well.
Conclusion
WienerAI is poised to make a significant impact in the AI trading and meme coin spaces. With its innovative features, strong community focus, and strategic marketing plans, the project is well-positioned for explosive growth.
Investors have a limited window to get involved before the presale ends, and the bullish sentiment surrounding WienerAI suggests that it is an opportunity not to be missed. Secure your spot in the $WAI token presale by visiting wienerdog.ai.
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The Hottest Meme Coins in Presale to Consider for Your Crypto Portfolio – WienerAI, Pepe Unchained, and PlayDoge

The post AI-Powered Crypto Presale with Predictive Technology – Last Chance to Invest appeared first on ReadWrite.