Chances for approving a spot Ethereum ETF?

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

Now is the time, I think, don't ever time the market, it's better to pay in installments rather than wait and wait and have regrets later. That's my principle in investing in cryptocurrency because no one can predict that.

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Quote from: bastian466 on January 28, 2024, 11:05:10 AM

I don't need to wait for the SEC decision to buy ethereum when the price is still far from its all-time high. I'm not afraid to hold or trade it, especially seeing that the price is cheap when it's down, like a big discount, when the decision is made it will have an impact, hopefully it can provide a surprise price increase

I'd imagine ETH market prices will rise the closer we get to May. Once the SEC makes a decision, ETH could all go down the drain in an instant. Just like what happened recently with Bitcoin spot ETFs. It would be unwise to buy ETH after it starts "pumping". The current bearish market makes it the perfect opportunity to buy coins at a discount.

Perhaps, ETH will go as far as $5k after the next bull market? The sky is the limit to how far ETH will go. Hopefully, it will fix centralization issues over time. With or without spot ETFs, ETH won't be going anywhere soon. Just my thoughts Grin

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

BlackRock filed their ethereum ETF soon after the Bitcoin ETF approval but as expected its delayed and as you expected we may have another chance by May by that time SEC may approve ETH too but we know what happened to Bitcoin after the ETF approval so I won't suggest investing in ethereum just because it is possible that ETF will be approved.

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Quote from: jaberwock on January 27, 2024, 03:35:34 AM

Quote from: peter0425 on January 23, 2024, 07:53:01 PM

We knew Vitalik's connection so if he will going to push this then there is no doubt it will happen but like what happened to bitcoin or will take longer? this will need tp go under so much straining and yeah Flowing of Ideas but eventually will be approved because there is no currency that may follow Bitcoin ETF first than Ethereum .

You said he had a strong or good connection? Then for sure it won't take a long time for his coin to get approved for spot ETF. We even think it will get approved first before Bitcoin. Imagine if that happened?

well we cannot be certain on that part , but there are big possibilities that it will help the increase of chances proving ETF.
and imagining this to happen will help those who have used of Ethereum.

Quote

I think many Bitcoin enthusiasts are going to get angry and they think there is some fixing or bribery that happened inside. Other than that, they have waited for a long time. So, this act is kind of insult for them. While for us who are not biased, we think it's still a good thing because for sure, the overall crypto market can still benefit with it later on. If the said thing is possible for ETH, then it can also happen to other cryptos. There is no exact order here.

who cares about who will be angry ? but if this can be fix then its for us to find out in the future but for now lets just enjoy the system.

bastian466

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I don't need to wait for the SEC decision to buy ethereum when the price is still far from its all-time high. I'm not afraid to hold or trade it, especially seeing that the price is cheap when it's down, like a big discount, when the decision is made it will have an impact, hopefully it can provide a surprise price increase

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In fact, ETF has many rumors and becomes a double-edged sword. If they are not careful, they will accidentally break like Bitcoin ETF. The approval of ETH etf this time I think will be in the tunnel or in a more silent way, Although they have delayed the approval of the ETH etf similar to the previous bitcoin ETF, I feel that the movement of ETH at this time is very suitable for accumulation, after the retail trend ends, this is is the opportunity to accumulate ETH or some altcoin portfolio is needed to prepare for the next stage.

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

Imho it's always a good time to buy more, as timing the bottom is just going to be pure luck anyway. It might drop sure, but i might do anything as far as i know. But when it comes to ETH ETF, it totally see getting passed. In fact i see it would have better changes then bitcoin. As every time i talk to nocoiners, they seem to see eth as some sort of technological break trough, and i have heard them talking about it having more use cases then any other crypto, so it seem to have already won the public on it's side. Then there's the carbon emission PR. While bitcoiners need to justify power it uses, eth is politically admired on their stance or being energy efficient. That's just politically easy to market. And if XRP is not security, we can be pretty sure that eth won't be either.

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About all the ETF applications, I think the rumors are important not the actual news especially if blackrock is involved. They will approve the ETH ETF eventually but if they don't, people will still speculate about the ETH price and this will push the price upward like it did for bitcoin. We can see some short-term correction, but in the long run ETH will outperform all the altcoin even bitcoin for some time. Right now, the price of ETH is near its support level and if it breaks down it won't last their for a very long time.

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There is some noise in social media about the Ethereum ETF after approving the Bitcoin ETF. Almost everywhere people are thinking positively about Ethereum ETF and it can be approved easily.

About investing in ETH, I will say it's still in a good range for long-term investment. But if you still thinking about more dip it actually depends on BTC. If somehow BTC touches around 30k before then halving ETH maybe have a dip. But the chance is very low I assume.

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

The last hearing to approve the Ethereum spot ETF is in May. Since the Ethereum ETF is supposed to be approved in May, it is expected to be approved in May. If the Ethereum Spot ETF approves in May, Ethereum could stay between $3000 and $4000. Current price I think is a good value for investment. Many are also investing in Ethereum, in addition to Bitcoin investments. If someone doesn't like bitcoin investment then surely I will tell him to invest in ethereum. Like Bitcoin, Ethereum investment also has dependencies. If Bitcoin stays in the $100,000 range during the bull season, expect Ethereum to stay in the $10,000 range.

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Quote from: peter0425 on January 23, 2024, 07:53:01 PM

We knew Vitalik's connection so if he will going to push this then there is no doubt it will happen but like what happened to bitcoin or will take longer? this will need tp go under so much straining and yeah Flowing of Ideas but eventually will be approved because there is no currency that may follow Bitcoin ETF first than Ethereum .

You said he had a strong or good connection? Then for sure it won't take a long time for his coin to get approved for spot ETF. We even think it will get approved first before Bitcoin. Imagine if that happened?

I think many Bitcoin enthusiasts are going to get angry and they think there is some fixing or bribery that happened inside. Other than that, they have waited for a long time. So, this act is kind of insult for them. While for us who are not biased, we think it's still a good thing because for sure, the overall crypto market can still benefit with it later on. If the said thing is possible for ETH, then it can also happen to other cryptos. There is no exact order here.

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

In May? bitcoin took how many years before getting approval and now Ethereum will take it just like that? for sure this will never happen that soon though it will have its time but not in this sooner .

Spot ETF approval will take time same as the other Altcoins that will seek for the same thing and also the price will not show what this can be or where this can lead , so lets give time and never rush as we have not taste the flavor given by Bitcoin ETF till now.

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Quote from: JayTrain on January 25, 2024, 01:27:26 PM

I believe the approval odds for an Ethereum ETF are just as promising as they were for BTC. With the recent approval of a Bitcoin ETF, my optimism is high for a potential approval of an Ethereum ETF and possibly other cryptocurrencies based on its blockchain. However, in the world of regulatory decisions, anything is possible. Figures like Gary Gensler add fuel to the fire by expressing support for considering Ethereum as a security. Nevertheless, I remain confident that sooner or later, the application will receive approval. It's just a matter of time.

even though as many have mentioned there is delay, but bitcoin ETF also have delay, when such ETF filled by some big company its bound to be accepted, not to mention the ones filled the ETF have histories of their ETF approved many times already. at this point where so many exchange has been having market capitalization that is big enough, i think it can't be contended anymore, might as well give the market for it so that people could just safely and freely invest their money.
after all bitcoin has proven to be growing and keep hitting its all time high over and over again.
if compared with stock to be honest, crypto is fast paced but that also become an advantage of its own, being quick paced means the money circulating will be faster.

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This scenario marks a significant moment for the cryptocurrency market as it indicates greater institutional acceptance of bitcoin and potentially other cryptocurrencies. Approval of ETFs Ethereum is emerging as one of the main beneficiaries of this latest wave of optimism. The potential approval of spot Ethereum ETFs is significant for several reasons. First it will open up the cryptocurrency market to a wider range of investors making new investments. Also a spot Ethereum ETF will be valued directly from the real time price.

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Quote from: electronicash on January 22, 2024, 03:13:28 PM

although approving ETF depends on who is filing it. everything is too uncertain for the SEC to approve until they are done trolling it. i don't see a lot of discussion about ETH spot ETF, most probably Coinbase is also custodial.

if they approve Bitcoin ETF then there is also a chance of ETH ETF, we shall see how many times they have to reject this one yet. but now we know they approve the ETF when the price is about to get dumped.

Maybe there is no lot of talks about this ETF because we have just done in Bitcoin so having this
in table is not that appropriate at least not for now so people are just holding their thoughts but not because
they are keeping silent meaning there is no interest from Ethereums part because I know this is the next one
to be pushing .

Quote from: bluebit25 on January 25, 2024, 01:23:57 AM

I think the same scenario as bitcoin will also happen with ETH. From now until the moment of decision making, things will definitely not go smoothly. But negative/positive information will come out to bring doubt/trust feelings in ETH, although I also speculate that it will also be approved.

Because the Bitcoin ETF has paved the way for other cryptocurrencies to have an opportunity, a bit of a similarity in history because the Gold ETF was approved first and then the Silver ETF, so let's be positive about the issue. Hey, even if they refuse in May, it can't prevent this from happening in the future.

and one thing for sure, this will take time to be published approving because we even wait for how
many years for bitcoin so what more for altcoins?

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Quote from: bluebit25 on January 25, 2024, 01:23:57 AM

I think the same scenario as bitcoin will also happen with ETH. From now until the moment of decision making, things will definitely not go smoothly. But negative/positive information will come out to bring doubt/trust feelings in ETH, although I also speculate that it will also be approved.

Because the Bitcoin ETF has paved the way for other cryptocurrencies to have an opportunity, a bit of a similarity in history because the Gold ETF was approved first and then the Silver ETF, so let's be positive about the issue. Hey, even if they refuse in May, it can't prevent this from happening in the future.

the recent news drop about the delay of greyscale's spot ethereum ETF being delayed same thing with bitcoin ETF it was being delayed quite few times. but as we see if bitcoin ETF is being approved at the end of the day after so many delay i think ethereum ETF will be the same it might eventually get approved by the SEC.
but we will see though it all entirely depends on the authority themselves.
also,even though ETF approval is great and all but remember like bitcoin the price might not be affected that much anyway, so im expecting the same thing with ETH ETF the news will be there but I think the market will not be significantly changing unlike when the rumour was still fire.

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Quote from: bluebit25 on January 25, 2024, 01:23:57 AM

I think the same scenario as bitcoin will also happen with ETH. From now until the moment of decision making, things will definitely not go smoothly. But negative/positive information will come out to bring doubt/trust feelings in ETH, although I also speculate that it will also be approved.

Because the Bitcoin ETF has paved the way for other cryptocurrencies to have an opportunity, a bit of a similarity in history because the Gold ETF was approved first and then the Silver ETF, so let's be positive about the issue. Hey, even if they refuse in May, it can't prevent this from happening in the future.

Of course. The spot Bitcoin ETFs opened the door for institutional investment companies into other cryptocurrencies. Even if the ETH spot ETF gets delayed or rejected again, that doesn't mean it will never happen. BlackRock even hinted the possibility of a spot ETF for XRP. While we wait for the SEC's decision, we should buy and accumulate more coins to prepare ourselves for the "big pump". By investing early, we'd have a high chance of profiting in the future.

It's likely ETH will soar all the way to $5k after the approval of spot ETFs. Hopefully, the cryptocurrency will be able to fix centralization issues in the long run. Cheesy

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I believe the approval odds for an Ethereum ETF are just as promising as they were for BTC. With the recent approval of a Bitcoin ETF, my optimism is high for a potential approval of an Ethereum ETF and possibly other cryptocurrencies based on its blockchain. However, in the world of regulatory decisions, anything is possible. Figures like Gary Gensler add fuel to the fire by expressing support for considering Ethereum as a security. Nevertheless, I remain confident that sooner or later, the application will receive approval. It's just a matter of time.

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

May? That's totally unlikely but good exposure to make an ATH for it and probably start the next altcoins season. I think Gary was just no comment these days when it comes asking if ETH is a security he probably know that he'll lose once again, XRP even isn't a security what more to ETH. I think DCA'ing on 2k level is a no-brainer.

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I think the same scenario as bitcoin will also happen with ETH. From now until the moment of decision making, things will definitely not go smoothly. But negative/positive information will come out to bring doubt/trust feelings in ETH, although I also speculate that it will also be approved.

Because the Bitcoin ETF has paved the way for other cryptocurrencies to have an opportunity, a bit of a similarity in history because the Gold ETF was approved first and then the Silver ETF, so let's be positive about the issue. Hey, even if they refuse in May, it can't prevent this from happening in the future.

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Quote from: Abiky on January 24, 2024, 06:23:08 AM

Quote from: batang_bitcoin on January 22, 2024, 03:28:55 PM

Bitcoin went with tons of ETF applications years ago and the successful approval of it that happened recently has a backbone. If it is with the ETH ETF, IMO the chance is like 40/60. 40% chance of getting approved and 60% chance of being not.
40% in a sense that Bitcoin has been approved and that can influence the decision, 60% of being declined due to probably many setbacks and factors that will be figured out by SEC if these are like the first few applications.

SEC chairman Gary Gensler used to call Ethereum a "security". I wonder if that will change now that Bitcoin spot ETFs were approved last week? Everything will depend on how the ETH network is structured. If it stays centralized, it'll be classified as a "security". Otherwise, it would be classified as a "commodity".

I doubt Gary's stance towards ETH will change especially when the cryptocurrency has a PoS mechanism. It's largely controlled by whales and big exchanges like Binance and Coinbase. We'll see what happens in the long run. Rest assured that if ETH spot ETFs are approved, market prices will rise like crazy. At least, in the long term.

That is for sure when ETH spot ETF gets an approval from the SEC, we'd definitely see the market price of it getting wild.

Quote from: Abiky on January 24, 2024, 06:23:08 AM

Short-term speaking, prices will continue to decline at a fast pace (like what's happening now). No one can predict the future, so lets hope for the best. Wink

We've seen how it started with Bitcoin and that's likely what will happen to as those that holds a lot especially if there are institutions have it will have to unload all of their ETHs and we'd see the impact of it. But yes, typically we don't know what the future holds on this one and we'll just react when we reach there.

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Quote from: batang_bitcoin on January 22, 2024, 03:28:55 PM

Bitcoin went with tons of ETF applications years ago and the successful approval of it that happened recently has a backbone. If it is with the ETH ETF, IMO the chance is like 40/60. 40% chance of getting approved and 60% chance of being not.
40% in a sense that Bitcoin has been approved and that can influence the decision, 60% of being declined due to probably many setbacks and factors that will be figured out by SEC if these are like the first few applications.

SEC chairman Gary Gensler used to call Ethereum a "security". I wonder if that will change now that Bitcoin spot ETFs were approved last week? Everything will depend on how the ETH network is structured. If it stays centralized, it'll be classified as a "security". Otherwise, it would be classified as a "commodity".

I doubt Gary's stance towards ETH will change especially when the cryptocurrency has a PoS mechanism. It's largely controlled by whales and big exchanges like Binance and Coinbase. We'll see what happens in the long run. Rest assured that if ETH spot ETFs are approved, market prices will rise like crazy. At least, in the long term. Short-term speaking, prices will continue to decline at a fast pace (like what's happening now). No one can predict the future, so lets hope for the best. Wink

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It's likely to happen because the hedgefunds are already panning out their Eth ETF after their BTC ETF has been approved.

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We knew Vitalik's connection so if he will going to push this then there is no doubt it will happen but like what happened to bitcoin or will take longer? this will need tp go under so much straining and yeah Flowing of Ideas but eventually will be approved because there is no currency that may follow Bitcoin ETF first than Ethereum .

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In as much ETH is not bad as many other Altcoins in the market, there is a greater percent chance of approving it's spot ETF. Permit to use the term, ETH has been for time now the only altcoin competing with Bitcoin especially when it comes high market cap and I believe they will aswell want to remain in that standard.

How sure are you when the DIP will end, I believe every DIP at this point is profitable, if not wanting to purchase in lump sum then applying the DCA strategy should be regarded as an option.

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I feel there might be further corrections or atleast few more market fluctuations and it would be better to wait for a while unless we are in for long term investment. Coming back to the point of whether spot ETH ETF can be approved or not I am positive about the outcome as don't find any reason as of now to think of which could be a blocker but at the same time it wouldn't have much impact on the price of ETH like it did for BTC.

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Quote from: shinratensei_ on January 22, 2024, 09:02:48 PM

Quote from: batang_bitcoin on January 22, 2024, 03:28:55 PM

Bitcoin went with tons of ETF applications years ago and the successful approval of it that happened recently has a backbone. If it is with the ETH ETF, IMO the chance is like 40/60. 40% chance of getting approved and 60% chance of being not.
40% in a sense that Bitcoin has been approved and that can influence the decision, 60% of being declined due to probably many setbacks and factors that will be figured out by SEC if these are like the first few applications.

honestly i think recent approval of ETF Bitcoin will have massive effect, its not like before where many higher ups are hesitating maybe because its a new thing but right now i think thing might be getting a lot easier for ETF of other coin as long as it got meaningful investment from big company that try to fill in the ETF to the authority.

We will see about that. Not just because there was an example of Bitcoin etf have been approved, it's going to be the same for the other cryptocurrencies spot etf. SEC has basis on it and I don't know what are those but we'll get to see about if they're going to be lite with that and will give a go signal and approval for it. If that happens to be approved, well all the ETH holders are going to celebrate by that time because it doesn't have usually at most times.

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the odds are pretty big to be honest there are many big investment companies shelling out money for ethereum investment they more likely are gonna be trying to push this as well.
i think i've read the news about some company filling etf for ethereum before even bitcoin get approved i think anytime soon we will see some news about ETH but definitely prepare for the worst.

Quote from: batang_bitcoin on January 22, 2024, 03:28:55 PM

Bitcoin went with tons of ETF applications years ago and the successful approval of it that happened recently has a backbone. If it is with the ETH ETF, IMO the chance is like 40/60. 40% chance of getting approved and 60% chance of being not.
40% in a sense that Bitcoin has been approved and that can influence the decision, 60% of being declined due to probably many setbacks and factors that will be figured out by SEC if these are like the first few applications.

honestly i think recent approval of ETF Bitcoin will have massive effect, its not like before where many higher ups are hesitating maybe because its a new thing but right now i think thing might be getting a lot easier for ETF of other coin as long as it got meaningful investment from big company that try to fill in the ETF to the authority.

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With Bitcoin already approved. Ethereum has already got high odds it will approve too.
We all know that Ethereum is a quality cryptocurrency after Bitcoin.

Just take a look at Silver ETF, which I can relate to Ethereum. After the GOLD ETF was approved, then Silver ETF also started.
That is what I can see with Ethereum.

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Bitcoin went with tons of ETF applications years ago and the successful approval of it that happened recently has a backbone. If it is with the ETH ETF, IMO the chance is like 40/60. 40% chance of getting approved and 60% chance of being not.
40% in a sense that Bitcoin has been approved and that can influence the decision, 60% of being declined due to probably many setbacks and factors that will be figured out by SEC if these are like the first few applications.

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Quote from: Abiky on January 22, 2024, 03:00:13 PM

What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

If not for anything else, I would have suggested having this thread on gambling discussion section because I know many will love to argue their way in with this, but being here too is not a bad idea, we can engage the appropriate discussion on it, all I can say is that if Ethereum is granted, what do you think will be the fate of other cryptocurrencies as well for applying for theirs, as for Ethereum, even if there could be any consideration z then I think that will no longer be this year.

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although approving ETF depends on who is filing it. everything is too uncertain for the SEC to approve until they are done trolling it. i don't see a lot of discussion about ETH spot ETF, most probably Coinbase is also custodial.

if they approve Bitcoin ETF then there is also a chance of ETH ETF, we shall see how many times they have to reject this one yet. but now we know they approve the ETF when the price is about to get dumped.

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What are the odds for the SEC to approve a spot ETF for Ethereum by May? Gary Gensler used to say ETH is a security back then, but things could change now that Bitcoin spot ETFs were recently approved by the regulating entity. Market prices for ETH have been going down lately after BTC's downfall to $41k. So I'm wondering, is now the time to buy more ETH or should I wait for another dip?

Your input would be greatly appreciated. Thank you.

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