Bitwise CEO Hunter Horsley has hinted at a major announcement, which many believe will be related to the launch of a spot Ethereum ETF. The ETF, which is expected to be listed on exchanges before July 4, has been in the works for some time and has generated significant interest among investors.

Horsley's tweet on June 20 sparked excitement among traders, who are eagerly awaiting the announcement. While the CEO did not provide any further details, experts believe that the announcement will be related to the spot Ethereum ETF.

Nate Geraci, president of ETF Store, has also weighed in on the situation, stating that a flurry of spot Ethereum ETF S-1 amendments are expected to be filed on Thursday and Friday. Geraci believes that there is nothing left for the SEC to address or comment on, and that the ETF is likely to be approved before July 4.

The SEC has recently closed its investigation into Ethereum, clearing the way for the potential listing and trading of spot Ether ETFs on exchanges. The interest in spot Ethereum ETFs has been growing, with many institutional investors showing interest in the product.

The ETH price has been rebounding in recent days, with the price currently trading at $3,586. The 24-hour low and high are $3,513 and $3,589, respectively. While the trading volume has decreased by 28% in the last 24 hours, the price can still rise further amid the S-1 filings by spot Ethereum ETFs.

The launch of the spot Ethereum ETF is expected to bring a potential rebound in the broader crypto market and could even trigger an altcoin season.