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Topic: Spot Ethereum ETF (Read 26 times)

legendary
Activity: 994
Merit: 1267
Lightning network is good with small amount of BTC
September 06, 2023, 02:26:55 PM
#2
I am thinking that the companies that want Ethereum spot ETF also matters, I mean how numerous their customers are. I do not know much about ether ETF because it is bitcoin spot ETF that I am following.

Do not think ether marketcap is low, I do not think so, but spot ether ETF can help to increase the price of ether further, but I do not think ether can surpasses bitcoin in the coming bull run even if spot ETF is approved for both.

I do not know why Ethereum spot ETF should be approved because Ethereum is centralized.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
September 06, 2023, 02:17:02 PM
#1
With a spot Bitcoin ETF seemingly being approved on the horizon, ARK Invest has gone ahead and filed for the first Ethereum spot ETF. I suspect this will likely be approved following Bitcoin spot ETF approvals but you never know. This would be a huge catalyst for Ethereum, especially considering the lower market cap when compared to BTC. Thoughts?
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