Spot Ethereum ETFs will likely begin trading on Tuesday, July 23, according to multiple sources.

After Bloomberg Senior ETF Analyst Eric Balchunas posted on social media site X naming July 23 as the launch date, sources at two issuers confirmed to The Block the information in Balchunas's post.

"Hearing SEC finally gotten back to issuers today, asking them to return final S-1s on Wed (incl fees)," Balchunas posted on X Monday. "And then request effectiveness on Monday after close for a Tuesday 7/23 launch."

Wall Street heavyweights like BlackRock and Fidelity have been working with the U.S. Securities and Exchange Commission for weeks, hoping to launch their spot ether ETFs as soon as possible.  The new financial instruments have been slowly approaching a likely launch in the U.S. …