Given the current unfavorable conditions of cryptocurrencies markets with Bitcoin price falling to $55,000 and Ethereum is trading below $3000, I am afraid the market will not welcome and Ethereum ETF might not attract substantial inflow of investment in the short term, as we observed lackluster market response to ETF launched in Hong Kong.
Additionally, there is also possibility that approval of Ethereum ETF could be delayed. Nonetheless, long term outlook of the market remains promising.
Topic: US Spot Ethereum ETF (Read 401 times)
https://www.coindesk.com/markets/2024/01/12/blackrock-ceo-larry-fink-backs-ether-etf/
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."
If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."
If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500
I don't care if the ETH price goes up to 3.5k or 35k, but I am more concerned about the dark strategy of BlackRock! The amount of money they hold under their management, it's extremely easy for them to control a major portion of the ETH in circulation and control its market.
I never liked when corporates got into crypto space and still I am not a fan of such things. Bitcoin and ETH are two biggest cryptos that could have become a blessing to the privacy focused population. But with all these corporate interventions, it's more of an investment where you need to pay taxes to the government. I personally do not want any corporate to open any more crypto ETF.
https://www.reuters.com/markets/us/us-sec-expected-deny-spot-ether-etfs-next-month-industry-sources-say-2024-04-25/
US SEC expected to deny spot ether ETFs next month, industry sources say
"U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively."
US SEC expected to deny spot ether ETFs next month, industry sources say
"U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively."
Honestly ETH situation could be a little different, it is still decentralized but Vitalik is alive and we know where he is and he could make things change in the ETH world, such as POW to POS situation was his brain child and he promoted it like crazy and took years to build it but we have it now.
I am not saying that it is different and ETF for ETH should not happen, of course it could still happen and as long as big companies wants it, they could make it work. But that doesn't mean that we should be expecting it to happen quickly, we could have some different solutions. The situation that we are looking at right now would just mean that we are going to have a different road until we get there and could be more difficult.
I am not saying that it is different and ETF for ETH should not happen, of course it could still happen and as long as big companies wants it, they could make it work. But that doesn't mean that we should be expecting it to happen quickly, we could have some different solutions. The situation that we are looking at right now would just mean that we are going to have a different road until we get there and could be more difficult.
https://www.coindesk.com/markets/2024/01/12/blackrock-ceo-larry-fink-backs-ether-etf/
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."
If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."
If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500
It is interesting to note that major financial institutions like BlackRock is supporting Ethereum ETF, indicating a potential move towards tokenization of Real world Asset (RWA), which is a lucrative sector for investment ,and drawing attention of many financial institution. In anticipation of such developments coupled with growing interest of institutions, it is possible that Ethereum could reach or even exceed $3500.
currently the price of ETH is around $3k and I think the effect of the increase in the price of bitcoin due to the halving could bring ETH to reach $3500. I mean in the current situation this kind of news is not one of the reasons why the price of ETH is rising, and even if the price of ETH is rising because of this news maybe some people will think that the increase in the price of ETH is because of the bitcoin halving effect.
https://www.theblock.co/post/289452/crypto-etfs-other-than-bitcoin-and-ethereum-funds-will-100-be-approved-grayscale
Crypto ETFs other than Bitcoin and Ethereum funds will '100%' be approved: Grayscale
"Grayscale’s global head of ETFs, David LaValle, said he’s “100%” confident that exchange-traded funds based on other cryptocurrencies, aside from Bitcoin and Ethereum, will eventually be available to investors.
The firm currently manages the GBTC fund, the largest spot bitcoin ETF on the market."
Crypto ETFs other than Bitcoin and Ethereum funds will '100%' be approved: Grayscale
"Grayscale’s global head of ETFs, David LaValle, said he’s “100%” confident that exchange-traded funds based on other cryptocurrencies, aside from Bitcoin and Ethereum, will eventually be available to investors.
The firm currently manages the GBTC fund, the largest spot bitcoin ETF on the market."
https://twitter.com/EleanorTerrett/status/1771188774606676164
"BlackRock’s Head of Digital Assets Robert Mitchnick addresses how the asset manager is thinking about other #crypto products:
“For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.”
He says the crypto community would like to see a long tail of other crypto products from BlackRock, but he says “that’s just not where we’re focused.”"
___
If the crypto community is asking .. then it will be
"BlackRock’s Head of Digital Assets Robert Mitchnick addresses how the asset manager is thinking about other #crypto products:
“For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.”
He says the crypto community would like to see a long tail of other crypto products from BlackRock, but he says “that’s just not where we’re focused.”"
___
If the crypto community is asking .. then it will be
are they trying to prevent people from buying ETH? their investors would love ETH since staking ETH will make them more money. this has got to be more attractive to them than BTC.
it's not convincing that they are asking whether the crypto community will request it when they already filed a spot ETF. if they were not interested, they would have just ignored ETH but the fact that there are currently 8ETH ETFs to be approved means they are interested.
https://twitter.com/EleanorTerrett/status/1771188774606676164
"BlackRock’s Head of Digital Assets Robert Mitchnick addresses how the asset manager is thinking about other #crypto products:
“For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.”
He says the crypto community would like to see a long tail of other crypto products from BlackRock, but he says “that’s just not where we’re focused.”"
___
If the crypto community is asking .. then it will be
"BlackRock’s Head of Digital Assets Robert Mitchnick addresses how the asset manager is thinking about other #crypto products:
“For our clients, Bitcoin is overwhelmingly the number one priority. And then a little bit ethereum, and very little everything else.”
He says the crypto community would like to see a long tail of other crypto products from BlackRock, but he says “that’s just not where we’re focused.”"
___
If the crypto community is asking .. then it will be
https://twitter.com/EricBalchunas/status/1767204301372297274
"Yeah our odds of eth ETF approval by May deadline are down to 35%. I get all the reasons they SHOULD approve it (and we personally believe they should) but all the signs/sources that were making us bullish 2.5mo out for btc spot are not there this time. Note: 35% isn't 0%, still poss, and and long-term we think it will happen."
"Yeah our odds of eth ETF approval by May deadline are down to 35%. I get all the reasons they SHOULD approve it (and we personally believe they should) but all the signs/sources that were making us bullish 2.5mo out for btc spot are not there this time. Note: 35% isn't 0%, still poss, and and long-term we think it will happen."
Price aside I just saw another thread with Solana being asked if they will get etf approvals lol. Eth has a better shot but the SEC typically doesn't have a large appetite to expose the public with highly volatile assets that could plummet their wealth quickly. It took bitcoin a long time to soften them up its gonna be way longer than just a couple of quarters.
https://cointelegraph.com/news/sec-delays-ethereum-etf-applications-blackrock-fidelity
"SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals
The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch."
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I have no doubt that BlackRock and Fidelity will achieve their goals. But I have big doubts about other cryptocurrencies and the SEC will severely punish other large projects.
"SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals
The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch."
___
I have no doubt that BlackRock and Fidelity will achieve their goals. But I have big doubts about other cryptocurrencies and the SEC will severely punish other large projects.
If Blackrock wants it to happen, it will happen. That's just the way the finance world works when you own everything. For this reason, I too believe that there will one day be a spot Ethereum ETF. Maybe not as soon as this year, but it will happen. Too many wall street folks were involved in Ethereum for it not to follow in Bitcoin's footsteps. I wouldn't go selling your BTC for ETH, but if you've got fresh money looking for a spot to sit, grabbing some ETH and leaving it staked isn't the worst idea. I think of my ETH holdings like a stock and have some exposure like I do with many companies, but it pales in comparison to my exposure to Bitcoin.
https://cointelegraph.com/news/sec-delays-ethereum-etf-applications-blackrock-fidelity
"SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals
The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch."
___
I have no doubt that BlackRock and Fidelity will achieve their goals. But I have big doubts about other cryptocurrencies and the SEC will severely punish other large projects.
"SEC pushes back BlackRock, Fidelity spot Ethereum ETF proposals
The SEC has again delayed its decision on spot Ethereum ETF applications from BlackRock and Fidelity as analysts continue to tip May as the month to watch."
___
I have no doubt that BlackRock and Fidelity will achieve their goals. But I have big doubts about other cryptocurrencies and the SEC will severely punish other large projects.
Just saw this interesting graphic. Just did some research and the figures seem to be correct. Alone yesterday, Bitcoin spot ETFs bought more than 10k Bitcoins, while only around 900 new Bitcoins were mined. This means that over 9k Bitcoins had to be bought on the market. If this continues, we will now see daily increases.
After watching this graphic I am convinced that if Ethereum spot ETF gets approved then the price of Ethereum will spike in the same manner. Bitcoin getting pumped is all because of Bitcoin spot ETF and I do not see any other factor responsible for this sudden bull run. Everyone was expecting a bull run to come after the approval, it took some time and it has been going on for a few weeks now. The Ethereum spot ETF should get approved by May and imagine how Bitcoin and Ethereum will then perform in the market.
Just saw this interesting graphic. Just did some research and the figures seem to be correct. Alone yesterday, Bitcoin spot ETFs bought more than 10k Bitcoins, while only around 900 new Bitcoins were mined. This means that over 9k Bitcoins had to be bought on the market. If this continues, we will now see daily increases.
The Ethereum ETF was a dream come through because there are many people that had been anticipating for the confirmation of the approval. Finally we can now start seeing the price of Ethereum going bullish so that we can keep making profits from it.
This is going to make the price of Ethereum and Bitcoin to move along with bigger profits to investors holding it for the future.
We can always await the commencement of the ETF.
This is going to make the price of Ethereum and Bitcoin to move along with bigger profits to investors holding it for the future.
We can always await the commencement of the ETF.
I think if it benefits each other, there is no problem.
Moreover, we know that this adoption has been well predicted.
investors will welcome it happily.
Moreover, we know that this adoption has been well predicted.
investors will welcome it happily.
https://www.msn.com/en-us/money/markets/hot-new-bitcoin-funds-could-soon-have-rivals/ar-BB1iXnFX
"Wall Street firms launched bitcoin exchange-traded funds just a few weeks ago. Now, they want to offer everyday investors funds holding a smaller and more volatile crypto asset.
At least 10 firms including BlackRock and Fidelity Investments have filed applications to launch what would be the first U.S.-listed ETFs holding ether, the second-largest cryptocurrency. As with bitcoin and other ETFs, the firms would earn management fees for any investments people make.
Ether, the in-house token on the Ethereum blockchain, surged above $3,200 Tuesday for the first time since April 2022 in anticipation of the potential approvals. That gave it a market cap of about $390 billion, compared with bitcoin’s more than $1 trillion valuation."
"Wall Street firms launched bitcoin exchange-traded funds just a few weeks ago. Now, they want to offer everyday investors funds holding a smaller and more volatile crypto asset.
At least 10 firms including BlackRock and Fidelity Investments have filed applications to launch what would be the first U.S.-listed ETFs holding ether, the second-largest cryptocurrency. As with bitcoin and other ETFs, the firms would earn management fees for any investments people make.
Ether, the in-house token on the Ethereum blockchain, surged above $3,200 Tuesday for the first time since April 2022 in anticipation of the potential approvals. That gave it a market cap of about $390 billion, compared with bitcoin’s more than $1 trillion valuation."
Ethereum is up to be next to be a confirmed ETF applicant.
It will be an important milestone for Ethereum to compete against Bitcoin because Bitcoin is already approved.
If Ethereum wants to stay close to Bitcoin, it should hurry up to get an ETF approved.
If they can manage to get the approval this year then they become the second most recommended investment in cryptocurrencies these days because that would make their project trustworthy to the investors and after that, surely there will be lots of companies will adopt and implement ETH to their company as they see some genuine business and potential profit with it. All the owner needs to do this time is to make it serious when it comes to the approval of ETH and not make any serious update yet in order to make ETH still at the top whenever plan A fails and despite that, they will gonna announce whatever innovative plans they have to cover their failure. It will be an important milestone for Ethereum to compete against Bitcoin because Bitcoin is already approved.
If Ethereum wants to stay close to Bitcoin, it should hurry up to get an ETF approved.
I think it has to be something that will benefit everyone. The more the merrier, we need more ETF's in the market, for btc and for eth and whatever else to be fair. It would mean that we are going to get a lot more people to invest into something that would be helping us.
Ethereum is up to be next to be a confirmed ETF applicant.
It will be an important milestone for Ethereum to compete against Bitcoin because Bitcoin is already approved.
If Ethereum wants to stay close to Bitcoin, it should hurry up to get an ETF approved.
It will be an important milestone for Ethereum to compete against Bitcoin because Bitcoin is already approved.
If Ethereum wants to stay close to Bitcoin, it should hurry up to get an ETF approved.
If they can manage to get the approval this year then they become the second most recommended investment in cryptocurrencies these days because that would make their project trustworthy to the investors and after that, surely there will be lots of companies will adopt and implement ETH to their company as they see some genuine business and potential profit with it. All the owner needs to do this time is to make it serious when it comes to the approval of ETH and not make any serious update yet in order to make ETH still at the top whenever plan A fails and despite that, they will gonna announce whatever innovative plans they have to cover their failure.
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