Ethereum spot ETFs are poised to begin trading on July 2, following tentative approval from the SEC, which requested responses on S-1 filings within a week. This move, expected to clear the path for trading starting the holiday weekend, aligns with indications from SEC Chair Gary Gensler about potential summer approvals. The launch is likely to draw significant institutional investment, with projections of up to $45 billion in inflows in the first year and a possible 60% rise in Ethereum prices, mimicking the impact seen with Bitcoin spot ETFs.