https://www.theblock.co/post/275718/hong-kong-finance-firm-vsfg-targets-to-apply-for-spot-ethereum-etf-in-q2
"VSFG said it aims to submit an application for a spot Ethereum ETF in Hong Kong in the second quarter if it successfully launches spot bitcoin ETF in the first quarter.
Venture Smart Financial Holdings Ltd. (VSFG), a Hong Kong-based financial services firm, is preparing to apply for a spot Ethereum exchange-traded fund (ETF) in anticipation of potentially launching its spot bitcoin ETF in the first quarter.
In a Friday interview with The Block, VSFG Chairman Lawrence Chu said that the firm is in the final phase of officially submitting its application for a spot bitcoin ETF to the Hong Kong Securities and Futures Commission."
Topic: US Spot Ethereum ETF - page 2. (Read 401 times)
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.
Yeah but after SEC approved the Bitcoin ETF there is not much changes on the price of the bitcoin at least for now, Im little bit skeptical about any ETF related especially after people on twitter said when SEC approve the Bitcoin ETF the price might touch 50-100K in no matter of day but here we are after the list of etf bitcoin is down at the moment.
Similar assumptions were made when considering the BTC ETF question, but the market showed a short-term reaction, staying in the green zone for only one day. Moreover, predicting the exact impact on the price of Ethereum is challenging, given possible regulatory changes and other factors that may influence this process.
It will be approved eventually, like the BTC ETF. They just delayed it so that people can still speculate on ETH ETF approval. If this was a rejection, then it was a bad time to invest in ETH. The price of ETH already slipped below 2200$ and now it is recovering slowly. They asked for more time so i think it will be approved in mid 2024 after the halving. Right now the market looks really strong and the last 7 days of bitcoin accumulation by all those asset managers show how crazy the bitcoin market will be after they have completed their major accumulation.
Of course you are right that the ETF will still be approved because, as far as I know, they have only postponed it until May, but even though there will be obstacles because the differences between Bitcoin and Ethereum are not the same,.but the ETF will certainly be approved because this is to provide encouragement for ethereum, of course. With the trust given, it is not impossible that ethereum will increase quite high, and this is certainly the hope of all investors who have been waiting for events like the BTC ETF.but will it be rejected? Of course, we have to be patient because they will also see the prospects and impacts that will occur correctly so that they don't stop midway. 
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 a very big concern that company is like blackrock is showing interest in ETH. I am not really bulish on such corporate acquisitions of cryptocurrencies. Look at Bitcoin. Did it increase to a whole new level after the Bitcoin ETF was approved? I am sure, ETH will see the same thing.
Crypto market should stay with the common people like you and I. Corporate acquisition is not good in a decentralized environmental like cryptocurrencies. With their deep pocket, the corporate holds the power to manipulate the market as per their wish.
https://twitter.com/EleanorTerrett/status/1751066184487694714
"In order to have an $XRP spot ETF, there will first need to be a futures ETF.
Part of getting the $BTC spot ETFs approved was the
@SECGov
concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.
If $XRP gets a futures ETF than it’s a step in the right direction to one day getting a spot."
"In order to have an $XRP spot ETF, there will first need to be a futures ETF.
Part of getting the $BTC spot ETFs approved was the
@SECGov
concluding that the CME bitcoin futures market would suffice to provide surveillance for fraud and manipulation.
If $XRP gets a futures ETF than it’s a step in the right direction to one day getting a spot."
if that's the case then that's great news, the crypto market is starting to be accepted and legalized, at least for the 2 main assets in crypto, this acceptance is a good start isn't it.
Maybe in the future it will be even better, but we don't know what policies the government will make.
Maybe in the future it will be even better, but we don't know what policies the government will make.
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."
Now that the Bitcoin Spot ETF has been approved, it is only a matter of time before there is one for Ethereum. I don't think it will take that long. With some delay there will also be spot ETFs for other cryptos, Solana or Cardano would be candidates for me. It is also conceivable that in the near future there will also be ETFs with mixed coins that track a kind of crypto index."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."
Ethereum will be like Silver and I am strong guts the next ETF will be for Ethereum. We still new in ETF so for me, it will still take some time to have another ETF for another cryptocurrency.
As far as I know, silver was an official means of payment even before gold. And the introduction of securitization on the stock exchange of both precious metals took place at the same time. Silver was already used for payment 2000 years ago, while gold was used more as jewelry etc. due to its comparatively low occurrence.
https://www.theblock.co/post/274333/gensler-says-secs-move-to-approve-spot-bitcoin-etfs-was-limited-despite-excitement-about-possible-ethereum-etfs
Gensler says SEC's move to approve spot bitcoin ETFs was limited, despite excitement about possible Ethereum ETFs
https://cryptonews.com/news/sec-postpones-decision-on-blackrocks-spot-ethereum-etf-to-march.htm
"The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March.
According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then approve, disapprove, or institute proceedings to determine whether the proposed rule change should be disapproved."
___
BlackRock will achieve its goals
Gensler says SEC's move to approve spot bitcoin ETFs was limited, despite excitement about possible Ethereum ETFs
https://cryptonews.com/news/sec-postpones-decision-on-blackrocks-spot-ethereum-etf-to-march.htm
"The U.S. Securities and Exchange Commission has delayed its decision on BlackRock’s spot Ethereum exchange-traded fund (ETF) application to March.
According to the SEC’s latest filing, the new decision deadline for BlackRock’s spot Ethereum ETF is set to be March 10, 2024. The Commission will then approve, disapprove, or institute proceedings to determine whether the proposed rule change should be disapproved."
___
BlackRock will achieve its goals
This is a good news to those who are investing. Someone made mentioned of theirs Great News when bitcoin ETF was approved. And the price of Ethereum will definitely pass $4k before this year will end. I think BlackRock is interested and that he is focusing on the tokenization of the altcoins. This year the narrative of cryptocurrency will change and many will benefit from the cryptocurrency market.
We only need to buy keep and hodle for the right time to sell.
Yeah but after BTC was approved, the price immediately started tanking, what is exact opposite of what people thought to be happening. This might have been because sell the news effect or something else. It could be even that "Mass adoption" could mean that bitcoin becomes more stable. And for sure there will be more shorters then ever if they even smell that price is too high.We only need to buy keep and hodle for the right time to sell.
But i am betting that now people are waiting ETH to have same faith after approved. ETF being approved is great news both to BTC and possibly eth in ln long run. But we might have more bumpy road ahead of us then we liked.
[...]
With some delay there will also be spot ETFs for other cryptos, Solana or Cardano would be candidates for me.
There is always that possibility. These cryptocurrencies have to be taken out from SEC's securities list before that happens so there's going to be longer discussions on that.With some delay there will also be spot ETFs for other cryptos, Solana or Cardano would be candidates for me.
[...]
Also monitor all coins on the ETH network. like layer 2 of the ETH network.
Why? Do you think ETH will just carry them or is it because some big companies will also apply for ETF for any of these L2s? Also monitor all coins on the ETH network. like layer 2 of the ETH network.
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
Price speculation in fiat for altcoins for some maybe will happen a year from now (which honestly wouldn't happen that quick) is crazy. Not saying it can't or won't happen but trying to pin a price on that is crazy. I guess the next wave of fads is going to be etfs and if they are going to be available to the main stream.
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
In the long term, it might indeed increase the adoption of ETh itself. And makes prices increase. Hype will also occur before the ETH Spot ETF is accepted and when it is almost accepted. But once received it will usually experience resale pressure similar to what happened with BTC."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
Also monitor all coins on the ETH network. like layer 2 of the ETH network.
I think that even without this, Ethereum can be back to its former ATH and more than that. And this also gives the idea that BlackRock is also probably bag holding Ethereum.
It will be approved eventually, like the BTC ETF. They just delayed it so that people can still speculate on ETH ETF approval.
The SEC probably might play with it as well that they're going to delay it and put some emotions to the people that are in hopes of it. Same scenario, same tactics but who knows. IMO, there's still kind of some long haul for this but let's see how Gensler will act with its decision. 
This is a good news to those who are investing. Someone made mentioned of theirs Great News when bitcoin ETF was approved. And the price of Ethereum will definitely pass $4k before this year will end. I think BlackRock is interested and that he is focusing on the tokenization of the altcoins. This year the narrative of cryptocurrency will change and many will benefit from the cryptocurrency market.
We only need to buy keep and hodle for the right time to sell.
We only need to buy keep and hodle for the right time to sell.
It will be approved eventually, like the BTC ETF. They just delayed it so that people can still speculate on ETH ETF approval. If this was a rejection, then it was a bad time to invest in ETH. The price of ETH already slipped below 2200$ and now it is recovering slowly. They asked for more time so i think it will be approved in mid 2024 after the halving. Right now the market looks really strong and the last 7 days of bitcoin accumulation by all those asset managers show how crazy the bitcoin market will be after they have completed their major accumulation.
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."
Now that the Bitcoin Spot ETF has been approved, it is only a matter of time before there is one for Ethereum. I don't think it will take that long. With some delay there will also be spot ETFs for other cryptos, Solana or Cardano would be candidates for me. It is also conceivable that in the near future there will also be ETFs with mixed coins that track a kind of crypto index."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."
Ethereum will be like Silver and I am strong guts the next ETF will be for Ethereum. We still new in ETF so for me, it will still take some time to have another ETF for another cryptocurrency.
This is a good news to those who are investing. Someone made mentioned of theirs Great News when bitcoin ETF was approved. And the price of Ethereum will definitely pass $4k before this year will end. I think BlackRock is interested and that he is focusing on the tokenization of the altcoins. This year the narrative of cryptocurrency will change and many will benefit from the cryptocurrency market.
We only need to buy keep and hodle for the right time to sell.
We only need to buy keep and hodle for the right time to sell.
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."
"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."
Now that the Bitcoin Spot ETF has been approved, it is only a matter of time before there is one for Ethereum. I don't think it will take that long. With some delay there will also be spot ETFs for other cryptos, Solana or Cardano would be candidates for me. It is also conceivable that in the near future there will also be ETFs with mixed coins that track a kind of crypto index.
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 knew this was the way ahead but hadn't expected things moving this fast.
BlackRock is not just another company but the largest fund manager in US which has it's influence in whole of US market. They manage around 15 trillion USD, while the total marketcap of all the crypto in the world stands below 2.5 million USD. When a company as large as that accepts Ethereum as ETF, the whole world will follow.
Now when the top 2 ETFs are on the market, there would be 100s of new crypto ETF would follow. This is a perfect pretext for the ultimate bull run in 2024.
Jump to: