This article mentioned that 8 applicants of the Ethereum spot ETF have also applied for a Bitcoin spot ETF and all of them have been approved. This makes the approval for the Ethereum very much near to a certainty, I reckon. Thank you to the new mayor of Bitcoin, Blackrock CEO Larry Fink hehehee.
Franklin Templeton (BEN.N), opens new tab on Monday disclosed that it had officially filed for a spot ethereum exchange-traded fund, becoming the eighth player vying to introduce a similar product in the market.
With Franklin's registration, there are now eight ETF providers competing to introduce spot ether ETFs, all of whom rolled out spot bitcoin products in January.
Source https://www.reuters.com/technology/franklin-templeton-files-spot-ethereum-etf-2024-02-12/
Topic: SEC likely to approve spot Ethereum ETFs on May 23 (Read 384 times)
They have a 98% approval rate and ETH adoption is at its peak so there is no logical explanation why the ETH ETF won't be approved by the coming date. SEC is not immune to influences and this has been proven by their change of statement about bitcoin and ETH after their long negative stances about them. Big Brother says Bitcoin and ETH are commodities, so they are communities. Blackrock-like giants are the driving force that forces the SEC to change their stance about btc and eth which can be good in the short term but can be dangerous in the long term.
Such an interesting take! Did you know that in Canada there's already an ETH ETF? The 3iQ Ether Staking ETF is the world’s first Ether staking ETF. If you want to know more about it you can check out: https://3iq.io/staking
I believe that SEC working towards making crypto ETF's a reality is not really a big deal, it has to do with what they are going to do with what happens afterwards. Sure ETF could see some attention at first but that doesn't mean that it will be the most important part right away, it has to work a bit longer for that to work before we get there.
I believe that the best thing to do in this case would be just letting it be and you could actually come up with a good return. I hope that life would be fair towards ETF investors but the reality is that we could see it drop as well. Not this year, not next year neither, because we will have a bull season, but then we are going to end up with something that would be a lot worse.
I believe that the best thing to do in this case would be just letting it be and you could actually come up with a good return. I hope that life would be fair towards ETF investors but the reality is that we could see it drop as well. Not this year, not next year neither, because we will have a bull season, but then we are going to end up with something that would be a lot worse.
However, it is a big deal. Many holders in the cryptospace community have waited very long for years on when the institutional investors would enter and buy cryptocoins and for us to begin dumping on their faces heheheh.
These ETF approvals on Bitcoin are only the beginning. There will be Ethereum approvals next then there might be another ETF application for other cryptocoins and tokens. This is a very big occurrence.
I believe that SEC working towards making crypto ETF's a reality is not really a big deal, it has to do with what they are going to do with what happens afterwards. Sure ETF could see some attention at first but that doesn't mean that it will be the most important part right away, it has to work a bit longer for that to work before we get there.
I believe that the best thing to do in this case would be just letting it be and you could actually come up with a good return. I hope that life would be fair towards ETF investors but the reality is that we could see it drop as well. Not this year, not next year neither, because we will have a bull season, but then we are going to end up with something that would be a lot worse.
I believe that the best thing to do in this case would be just letting it be and you could actually come up with a good return. I hope that life would be fair towards ETF investors but the reality is that we could see it drop as well. Not this year, not next year neither, because we will have a bull season, but then we are going to end up with something that would be a lot worse.
I'd be skeptical of that actually happening. It's taken a long time for bitcoin to get over the hump. The way the SEC and government regulations take forever and a day I'd say it would be years away. A couple months after bitcoin getting approved I bet they want to see what happens before opening the altcoin floodgates into the mainstream.
If Bitcoin spot ETFs have already been approved for spot ETFs, then a similar decision regarding Ethereum will be made quite quickly. So if this event is expected in May, then this time is enough. Along with Bitcoin halving, this will give a noticeable impetus to price growth in the cryptocurrency market. Of course, this will not happen immediately, with periodic corrections, but in general, this year and even the first half of the next will certainly be good for participants in this market. 
~snip~
Read in full https://www.theblock.co/post/275174/sec-ethereum-etf-approval-may-standard-chartered-bank
Read in full https://www.theblock.co/post/275174/sec-ethereum-etf-approval-may-standard-chartered-bank
Later or sooner Ethereum ETH will get approved, while we waiting for that to happen we can always DCA to not miss the train just like we DCA in Bitcoin. We can expect Vaneck, Hashdex, ARK or even all of the applications for Ethereum ETF to get approved around that date. Don't use high leverage if you're going to trade because lots of people already got liquidated just like last month when Bitcoin ETF approval is near.
It appears that uncle Gary and the SEC might be using the same storyline that they have used before approving Bitcoin hehehe.
Vaneck's application final deadline date for their Ethereum spot ETF will be on May 23. If this is rejected, this will be the first rejection and I reckon the others might be rejected also. However, if this is approved, it will be a mass approval similar to the Bitcoin ETFs of all the applicants.
The United States Securities and Exchange Commission (SEC) has decided to delay its decision on Invesco and Galaxy’s spot Ethereum ETF application.
Other ETH ETF filers had previously had the verdict of their applications for a spot ETH ETF postponed by SEC. About two weeks ago, the SEC postponed a decision on the spot Ethereum ETF proposed by Fidelity Investments that involves listing and trading of shares of the Fidelity Ethereum Fund under BZX Rule 14.11(e)(4).
BlackRock also had its decision for spot ETH ETF postponed by the U.S. SEC to March 10, 2024. The regulator claimed that the asset manager’s iShares Ethereum Trust has yet to receive any feedback from the public since it was published on the Federal Register, mandating the need for additional time.
Source https://coingape.com/spot-ethereum-etf-sec-delays-decision-on-invesco-galaxys-application/
Vaneck's application final deadline date for their Ethereum spot ETF will be on May 23. If this is rejected, this will be the first rejection and I reckon the others might be rejected also. However, if this is approved, it will be a mass approval similar to the Bitcoin ETFs of all the applicants.
The United States Securities and Exchange Commission (SEC) has decided to delay its decision on Invesco and Galaxy’s spot Ethereum ETF application.
Other ETH ETF filers had previously had the verdict of their applications for a spot ETH ETF postponed by SEC. About two weeks ago, the SEC postponed a decision on the spot Ethereum ETF proposed by Fidelity Investments that involves listing and trading of shares of the Fidelity Ethereum Fund under BZX Rule 14.11(e)(4).
BlackRock also had its decision for spot ETH ETF postponed by the U.S. SEC to March 10, 2024. The regulator claimed that the asset manager’s iShares Ethereum Trust has yet to receive any feedback from the public since it was published on the Federal Register, mandating the need for additional time.
Source https://coingape.com/spot-ethereum-etf-sec-delays-decision-on-invesco-galaxys-application/
Wow, this is so fast just in case it will be approved in this year.
For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
precisely because the eth etf will be accepted in may this year the market will react well, and it happened after the bitcoin halving, do you think this news is planned or not?
like bitcoin has gone through an automatic halving, the price will rise because the mining reward obtained will be small, now this news has emerged to encourage that to happen.
The crypto market will expand further after the SEC's approval strengthens the global cryptocurrency position with Bitcoin ETFs and spot Ethereum ETFs. This move is a significant step towards the mainstream adoption of cryptocurrencies. This will open up the cryptocurrency market to a wider range of investors. Also, a spot Ethereum ETFs will be worth more than the real time price.
Agreed on the further expansion of the cryptospace. The market capitalizations of $1 billion to enter the top 100 will certainly be more than this and it can possibly become $5 billion to $10 billion. I reckon for the traders who are looking for gems, it might be these coins that have under $100 million market capitalization, it will not be these coins under market capitalization of $10 million anymore.
I speculate that Tether and Circle will issue more USDT and USDC on the next bull market than all of the total that they have printed before. It will be very head shaking because many people will not believe this.
Grayscale was only reacting to the decisions of their investors. The investors were selling and for a number of reasons. One could be to realize their profit. Another is the fees because Grayscale has much higher rates compared to its competitors in the Bitcoin spot ETF game. And then there's also the FTX estate that also dumped $1 billion shares of GBTC.
If an Ethereum spot ETF is to be approved, this scenario isn't exactly what might happen. So it could be a better picture for ETH in terms of price reaction to an approval.
If an Ethereum spot ETF is to be approved, this scenario isn't exactly what might happen. So it could be a better picture for ETH in terms of price reaction to an approval.
Yes. At first glance, it seems that the selling action is intended to realize their profits, although the GBTC selling action can be considered a temporary phenomenon and the discourse on approval of an Ethereum ETF may also at first glance be able to relieve some concerns later, but what is certain is that this also affects investor sentiment in waiting for this decision in the market.
It is certain that Ethereum Spot ETF will be approved, but it is not possible to say with certainty whether May 23, 2024 will be the correct date for Ethereum Spot ETF approval. This is because even though the Bitcoin Spot ETF has been given several possible dates, several times the dates have expired. So I think May 23rd may not be the most likely April date for the Ethereum spot ETF.
@Fundamentals Of. It was Grayscale that began dumping bitcoin on the day of approval because GBTC holders were dumping their GBTC.
Grayscale was only reacting to the decisions of their investors. The investors were selling and for a number of reasons. One could be to realize their profit. Another is the fees because Grayscale has much higher rates compared to its competitors in the Bitcoin spot ETF game. And then there's also the FTX estate that also dumped $1 billion shares of GBTC.
If an Ethereum spot ETF is to be approved, this scenario isn't exactly what might happen. So it could be a better picture for ETH in terms of price reaction to an approval.
Like just yesterday I heard a tweet about ETFs, it turns out that development is so fast and thorough. ETH is worthy because it is the only altcoin that is very good and keeps the market segment. This solution will provide a cheap price to trade in coins that are quite expensive and trading has ease. ETFs seem to go against the natural laws of cryptocurrencies but I can't deny that the important people behind the approval of ETFs also have great appeal and trust. Maybe later eth will become an alternative and order other than ethreum including bnb and solana, that's just in my view. So far this is interesting news and we'll see how it plays out.
The approval of the Bitcoin ETF only opened the doors for other currencies, it is a matter of time before a possible Ethereum ETF is approved. I just want to see what the issue of regulating this will be like, because unlike Bitcoin, in Ethereum we have the Ethereum Foundation, would they be held responsible for everything?
The crypto market will expand further after the SEC's approval strengthens the global cryptocurrency position with Bitcoin ETFs and spot Ethereum ETFs. This move is a significant step towards the mainstream adoption of cryptocurrencies. This will open up the cryptocurrency market to a wider range of investors. Also, a spot Ethereum ETFs will be worth more than the real time price.
As the approval of bitcoin ETF happened so all crypto coin are getting better in price but the little dip after the BTC ETF approval was not negative effect of approval but actually it was because of some bad news but now the situations are totally changed and market is again increasing in its worth.
If In same year the Approval for Ethereum ETF takes place then surely everyone will be in desire to move towards crypto investment which will eventually increase the prices of each and every coin. This will automatically increase the use of cryptocurrency in daily life because it is going to be a successful field day by day and people often choose that field which shows success regularly.
For me, it isn't that clear. An Ethereum ETF has imo a 50% chance of approval, or perhaps even lower.
The reason is that Ethereum may no longer be considered a commodity since its change to PoS with "the Merge". The opinion of a SEC employee categorizing ETH as a commodity is from 2018, when ETH was still a pure PoW coin.
The article I linked describes that even the way the Ethereum 2.0 PoS upgrade was carried out, in a completely centralized manner, could be a reason for the SEC to reconsider it's categorization. In addition, the staking on the beacon chain could be considered "pooling" of funds, a sign that a "common enterprise" (an important term when Howey Test is applied) could have been created.
I think an ETF could even be dangerous for Ethereum's future, largely due to the PoS character. If the ETF is successful, then the ETF managing entity would become a large stakeholder, and could influence the PoS consensus. While in general they should take decisions that are best for their investors, the decentralization of ETH would be further harmed. In Bitcoin, in contrast, BTC-holding ETFs can't influence consensus (at least not directly, they would have to invest in mining companies).
The reason is that Ethereum may no longer be considered a commodity since its change to PoS with "the Merge". The opinion of a SEC employee categorizing ETH as a commodity is from 2018, when ETH was still a pure PoW coin.
The article I linked describes that even the way the Ethereum 2.0 PoS upgrade was carried out, in a completely centralized manner, could be a reason for the SEC to reconsider it's categorization. In addition, the staking on the beacon chain could be considered "pooling" of funds, a sign that a "common enterprise" (an important term when Howey Test is applied) could have been created.
I think an ETF could even be dangerous for Ethereum's future, largely due to the PoS character. If the ETF is successful, then the ETF managing entity would become a large stakeholder, and could influence the PoS consensus. While in general they should take decisions that are best for their investors, the decentralization of ETH would be further harmed. In Bitcoin, in contrast, BTC-holding ETFs can't influence consensus (at least not directly, they would have to invest in mining companies).
This would be a good news and it would clear up many hurdles for other crypto to be listed as ETF. Though the approach are mostly from large traditional investors, yet the listed crypto and cryptocurrencies as a whole would benefit from this ETF.
It would be much more beneficial for traditional investors that don't want to learn about using crypto directly or doing the taxes. Investing as ETF would make the taxes easier.
It would increase the legitimacy of ETH making the people once suspicious of crypto realizing it's a good and safe investment, increasing the investment in the coin.
It would be much more beneficial for traditional investors that don't want to learn about using crypto directly or doing the taxes. Investing as ETF would make the taxes easier.
It would increase the legitimacy of ETH making the people once suspicious of crypto realizing it's a good and safe investment, increasing the investment in the coin.
They have a 98% approval rate and ETH adoption is at its peak so there is no logical explanation why the ETH ETF won't be approved by the coming date. SEC is not immune to influences and this has been proven by their change of statement about bitcoin and ETH after their long negative stances about them. Big Brother says Bitcoin and ETH are commodities, so they are communities. Blackrock-like giants are the driving force that forces the SEC to change their stance about btc and eth which can be good in the short term but can be dangerous in the long term.
The crypto market will expand further after the SEC's approval strengthens the global cryptocurrency position with Bitcoin ETFs and spot Ethereum ETFs. This move is a significant step towards the mainstream adoption of cryptocurrencies. This will open up the cryptocurrency market to a wider range of investors. Also, a spot Ethereum ETFs will be worth more than the real time price.
I think this is a big news in this month. Indeed, it is possible that after the SEC approves the ETF for BTC, it will also apply to ETH. We hope this will continue to expand to other major coins so that it can provide a new milestone for crypto currencies. I think this will be an opportunity for ETH to be a bullish soon considering that various things will definitely happen. I really can't wait for those times
I support Ethereum ETF, but I never expected that a date would be finalized for approval before the year ends. This is good news for everyone who believes in Ethereum and who has invested in it as the approval might spike the price to a great extent. The date for the ETF to be approved is after Bitcoin halving which could bring back the bull market earlier than expected.
Ethereum, ETF approval will be another milestone for cryptocurrency adoption because it'll increase the adoption and more investors will enter into cryptocurrency related investments. I wouldn't be surprised if US, SEC approves the ETF, in May, this year, this is because Bitcoin, ETF, being the first has cleared most of the hurdles that Ethereum, would have gone through, it'll be easier for SEC, to understand that approving their ETF, is what's best for business.
Wow it is coming sooner than everyone probably expected everyone thought that it would take sec quite the long time to approve ethereum etf considering how long it took for them to approve bitcoin but i guess the approval of bitcoin etf allowed for a much looser opinion on altcoins especially the top performing one among altcoins
We can expect lots of individuals, companies trying to acquire crypto particularly bitcoin and ethereum in the next following months following the etf approval of both coins we can expect good news after good news this year may everyone get their wanted end results!
We can expect lots of individuals, companies trying to acquire crypto particularly bitcoin and ethereum in the next following months following the etf approval of both coins we can expect good news after good news this year may everyone get their wanted end results!
It began on the approval of the spot ETF for bitcoin. We can be quite certain that the other spot ETFs for the other major cryptocoins might not have a similar opposition and delays from Gary Gensler and the SEC. However, having an ETF approved for Ethereum on May might be very early. Have there been applications for this already?
On Ethereum, I speculate that when the rumor spreads on a spot ETF approval it might have a much stronger pump because Ethereum requires lesser inflows of cash than Bitcoin, I reckon.
@Fundamentals Of. It was Grayscale that began dumping bitcoin on the day of approval because GBTC holders were dumping their GBTC.
Not a bad target when it's the final deadline. And not a bad price prediction too when it has already been way above that. The ATH of ETH was almost $5,000. $4,000 will come back of course. When, I don't know, but an approval of an Ethereum spot ETF will most likely provide a big boost to it. And since the players are the same powerful financial institutions, there is a reason to believe that the applications will also be approved.
It's not so bad to keep some ETH in case it flies.
But why it would give boost to eth if it did opposite to bitcoin? Volume doesn't equal price growth. It just means more money for people who get the fees for trading. And those players (powerful financial institutions), you are talking about. Why do you think they buy and hold it, and not short it? I am certain it CAN cause explosive moves on chart, but it can also cause maturity, and less volatility, similar to traditional assets.It's not so bad to keep some ETH in case it flies.
Buy the rumor sell the news. That's what happened to Bitcoin. A day or two leading to the Bitcoin spot ETF approval, the price of Bitcoin surged. There was a spike. Investors especially those that got insider information must have bought prior to the release of the official approval. As soon the approval was announced by the SEC, selling immediately happened causing the price to plunge all the way to $38,000.
If the same will happen to ETH, I'm also expecting the price to rise a few days before the announcement. The announcement day must be a good day to sell. Buying back when the price has already corrected a lot.
if thats true I guess its great news but frankly blackrock have good history with this kind of thing surely Ethereum ETF is just matter of time, since naturally bitcoin and ETH i think kinda the same in term of characteristics when it comes down as an investment it just differ in the volume and market capital.
if this is the case i guess i will just stake majority of my ethereum again and wait for may. but im not expecting there to be significant increase though just like how bitcoin getting approved
by the ETF and the market just have slight increase, but it still should be a good news overall.
but whats important here is if many crypto approved its ETF its become accessible easily by general investors.
if this is the case i guess i will just stake majority of my ethereum again and wait for may. but im not expecting there to be significant increase though just like how bitcoin getting approved
by the ETF and the market just have slight increase, but it still should be a good news overall.
but whats important here is if many crypto approved its ETF its become accessible easily by general investors.
-cut-
"We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report on Tuesday. "If ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, ETH could trade as high as $4,000 by then."[/i]
"We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report on Tuesday. "If ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, ETH could trade as high as $4,000 by then."[/i]
This could happen, but eth finances are quite different to bitcoin, so i can't imagine they would immediately accept it. Bitcoin ETF wasn't walk in the park either. And unlike bitcoin, ethereum had ico, which can cause issues with sec.
Not a bad target when it's the final deadline. And not a bad price prediction too when it has already been way above that. The ATH of ETH was almost $5,000. $4,000 will come back of course. When, I don't know, but an approval of an Ethereum spot ETF will most likely provide a big boost to it. And since the players are the same powerful financial institutions, there is a reason to believe that the applications will also be approved.
It's not so bad to keep some ETH in case it flies.
But why it would give boost to eth if it did opposite to bitcoin? Volume doesn't equal price growth. It just means more money for people who get the fees for trading. And those players (powerful financial institutions), you are talking about. Why do you think they buy and hold it, and not short it? I am certain it CAN cause explosive moves on chart, but it can also cause maturity, and less volatility, similar to traditional assets. It's not so bad to keep some ETH in case it flies.
Wow, this is so fast just in case it will be approved in this year.
For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
Since Bitcoin ETF was approved, I have guessed that it will be easier to approve Ethereum ETF as well. However, it is true that the approval of Ethereum ETF seems quite fast that what we expect. Even, I assume the application of Ethereum ETF is too early. But it is good if Ethereum ETF will be approved as well, we will have the two best crypto coins in ETF market. SEC may realize that Bitcoin and Ethereum have deserved to be a part of ETF market.For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
How can make no high volatile, mate? I think there is no way to make the prices of Bitcoin and Ethereum to be more stable. There is no institution that can control the demand of Bitcoin and Ethereum. So, the prices will be always very volatile because we can't ensure how big the demand. Pump-dump is also a part of crypto coins, it is unavoidable to happen.
Yes, I actually saw it this morning. I wanted to share with you but today came and saw that you shared it bro thanks. In fact, brother, I have seen a few days in the morning that if it is approved, then the minimum price will go to four thousand dollars. We are hopeful and. Very soon it will be approved because btc has become apu if it happens then it is very good for crypto for our marketplace.
Although this is a welcome development for cryptocurrency seeing an appointed date for ethereum approval and more interesting the date is just within this year 2023 same year the bitcoin spot ETF got approved. Something I learned from the approval of the bitcoin ETF the price after the approval humbled a lot of investors who were so optimistic with sudden expectations of bitcoin price soaring high up to $100k immediately approved but that didn't happen it's rather in the future the positive effect of the bitcoin ETF approval will start surfacing in the bitcoin price, in same vein with the ethereum ETF approval most of these speculative prices may not be met not even the $4k mark. The benefits to ETF approval is in a long term time to come. My point of view though. 
Wow it is coming sooner than everyone probably expected everyone thought that it would take sec quite the long time to approve ethereum etf considering how long it took for them to approve bitcoin but i guess the approval of bitcoin etf allowed for a much looser opinion on altcoins especially the top performing one among altcoins
We can expect lots of individuals, companies trying to acquire crypto particularly bitcoin and ethereum in the next following months following the etf approval of both coins we can expect good news after good news this year may everyone get their wanted end results!
We can expect lots of individuals, companies trying to acquire crypto particularly bitcoin and ethereum in the next following months following the etf approval of both coins we can expect good news after good news this year may everyone get their wanted end results!
I'd be skeptical of that actually happening. It's taken a long time for bitcoin to get over the hump. The way the SEC and government regulations take forever and a day I'd say it would be years away. A couple months after bitcoin getting approved I bet they want to see what happens before opening the altcoin floodgates into the mainstream.
it's a race against time i think so why wait for another few months when halving is getting closer so let's just approve every ETF filed. news like this one should notify people to invest in crypto because even the banks are already up trying to grab their share.
it doesn't matter anymore whether Larry Fink will have more and can become the largest holder of major cryptocurrencies as long as the rest of the people in the world also have some amount.
Since bitcoin ETF has been approve already for sure its not impossible for ETH to get a ETF approval to since this coin is top 2 in the market and the volume it got is also outrageous where investors would really love to trade it. But if this approval will happen on May or whatever month of this year I think its fine since it solidify the strong existence of crypto and for sure it can influence for more other top alt to also get a ETF approval to.
Bitcoin ETF approval and also for other is really a great step for crypto to get known by a lot of people so once ETH will got that to for sure there will be large hype will coming and might they can get new people to invest then this will became more healthier for ETH or shall we say also to the crypto market itself.
everyone in the crypto world must have been waiting for this moment. It's true as you said, this is a good step for crypto in the future, especially for altcoins. considering that ethereum will never be replaced by other altcoins, even though many competitors are trying to shift its position. Bitcoin ETF approval and also for other is really a great step for crypto to get known by a lot of people so once ETH will got that to for sure there will be large hype will coming and might they can get new people to invest then this will became more healthier for ETH or shall we say also to the crypto market itself.
For the SEC to have approved Bitcoin, I do not think they have anything reasonable that would prevent them from approving Ethereum also. Ethereum is the number two cryptocurrency in the world, and apart from that, it is more compressed in price and purposeful than Bitcoin, it is better scaled and can be well-managed by the known brain behind it. This makes it better similar to the old assets.
As for Larry, you can't expect less, and what has helped exchanges like Binance is that they are the front guys in the business. Now that the ETF opportunity has come for Bitcoin and his company, you can't think less that he will build his entire empire around it if possible. Needless to say, he has all what it takes to achieve such.
As for Larry, you can't expect less, and what has helped exchanges like Binance is that they are the front guys in the business. Now that the ETF opportunity has come for Bitcoin and his company, you can't think less that he will build his entire empire around it if possible. Needless to say, he has all what it takes to achieve such.
Since bitcoin ETF has been approve already for sure its not impossible for ETH to get a ETF approval to since this coin is top 2 in the market and the volume it got is also outrageous where investors would really love to trade it. But if this approval will happen on May or whatever month of this year I think its fine since it solidify the strong existence of crypto and for sure it can influence for more other top alt to also get a ETF approval to.
Bitcoin ETF approval and also for other is really a great step for crypto to get known by a lot of people so once ETH will got that to for sure there will be large hype will coming and might they can get new people to invest then this will became more healthier for ETH or shall we say also to the crypto market itself.
Bitcoin ETF approval and also for other is really a great step for crypto to get known by a lot of people so once ETH will got that to for sure there will be large hype will coming and might they can get new people to invest then this will became more healthier for ETH or shall we say also to the crypto market itself.
Not a bad target when it's the final deadline. And not a bad price prediction too when it has already been way above that. The ATH of ETH was almost $5,000. $4,000 will come back of course. When, I don't know, but an approval of an Ethereum spot ETF will most likely provide a big boost to it. And since the players are the same powerful financial institutions, there is a reason to believe that the applications will also be approved.
It's not so bad to keep some ETH in case it flies.
It's not so bad to keep some ETH in case it flies.
I support Ethereum ETF, but I never expected that a date would be finalized for approval before the year ends. This is good news for everyone who believes in Ethereum and who has invested in it as the approval might spike the price to a great extent. The date for the ETF to be approved is after Bitcoin halving which could bring back the bull market earlier than expected.
Wow, this is so fast just in case it will be approved in this year.
For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
For me, I am expecting an Ethereum ETF but not this fast, I am expecting that it will be approved in years because Bitcoin is just a new ETF.
I am also hoping that the market will be fine and no high volatile like pump or dump so SEC will not be alarmed.
Yes, I actually saw it this morning. I wanted to share with you but today came and saw that you shared it bro thanks. In fact, brother, I have seen a few days in the morning that if it is approved, then the minimum price will go to four thousand dollars. We are hopeful and. Very soon it will be approved because btc has become apu if it happens then it is very good for crypto for our marketplace.
Moreover, if you see that someone has given some information, I will try to give you the link below, from there you can check it if you want.
News Link :- https://www.google.com/amp/s/www.coindesk.com/markets/2024/01/30/ether-could-hit-4000-with-likely-spot-eth-etf-approval-in-may-standard-chartered/amp/
Moreover, if you see that someone has given some information, I will try to give you the link below, from there you can check it if you want.
News Link :- https://www.google.com/amp/s/www.coindesk.com/markets/2024/01/30/ether-could-hit-4000-with-likely-spot-eth-etf-approval-in-may-standard-chartered/amp/
It appears that there are people from traditional finance who have begun having an interest on the cryptospace and applying for ETFs for them hehehh. The skeptical me thinks that the investment banking institutions that ignored applying for a Bitcoin spot ETF might certainly apply for an Ethereum spot ETF.
However, the winner again will be this smiling man. Uncle Larry of Blackrock hehehe. Has everyone heard an interview of uncle Larry talking about the cryptospace? It implies that the cryptospace will be his next playground.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETH -3.34% ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
"We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report on Tuesday. "If ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, ETH could trade as high as $4,000 by then."
Read in full https://www.theblock.co/post/275174/sec-ethereum-etf-approval-may-standard-chartered-bank
However, the winner again will be this smiling man. Uncle Larry of Blackrock hehehe. Has everyone heard an interview of uncle Larry talking about the cryptospace? It implies that the cryptospace will be his next playground.
The Securities and Exchange Commission is expected to follow the strategy employed in approving spot bitcoin exchange-traded funds for spot Ethereum ETH -3.34% ETFs, starting with rejections and ultimately granting approval on the initial final deadline on May 23, according to Standard Chartered Bank.
"We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report on Tuesday. "If ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, ETH could trade as high as $4,000 by then."
Read in full https://www.theblock.co/post/275174/sec-ethereum-etf-approval-may-standard-chartered-bank
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