US Spot Ethereum ETF - page 3. | Bitcointalksearch.org

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: yazher on February 07, 2024, 06:20:22 AM

Quote from: Bounty Bro on February 02, 2024, 08:50:54 PM

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.

I would say that it would be quite difficult to handle something like that, it has to be something that will be very hard to handle, and it should not really be all that easy to make that work. I get that we are still dealing with BTC and that makes people question the possibility of this but that doesn't mean that we are not going to end up with anything like ETH because ETF of it would still be possible and should be something that will benefit everyone.

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.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: Bounty Bro on February 02, 2024, 08:50:54 PM

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.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

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."

Bounty Bro

newbie

Activity: 26

Merit: 0

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.

dansus021

copper member

Activity: 2156

Merit: 983

Part of AOBT - English Translator to Indonesia

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.

JayTrain

full member

Activity: 1092

Merit: 105

Sugars.zone | DatingFi - Earn for Posting

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.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Sophokles on January 24, 2024, 06:00:19 PM

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.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: zasad@ on January 17, 2024, 01:21:30 PM

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

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.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

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."

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

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.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: GreatArkansas on January 24, 2024, 05:12:00 PM

Quote from: tyz on January 24, 2024, 04:53:45 PM

Quote from: zasad@ on January 17, 2024, 01:21:30 PM

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.

Exactly. Just take Silver as an example before. Gold ETF first then Silver followed. That's what I can see right now.
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.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

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

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: Mate2237 on January 24, 2024, 05:04:45 PM

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.

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.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: tyz on January 24, 2024, 04:53:45 PM

[...]
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.

Quote from: Bazzu on January 24, 2024, 06:48:14 PM

[...]
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?

wheelz1200

legendary

Activity: 3752

Merit: 1415

Quote from: zasad@ on January 17, 2024, 01:21:30 PM

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

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.

Bazzu

member

Activity: 476

Merit: 60

Quote from: zasad@ on January 17, 2024, 01:21:30 PM

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.

Also monitor all coins on the ETH network. like layer 2 of the ETH network.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

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.

Quote from: Sophokles on January 24, 2024, 06:00:19 PM

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.

Sophokles

hero member

Activity: 1232

Merit: 516

Quote from: Mate2237 on January 24, 2024, 05:04:45 PM

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.

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.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: tyz on January 24, 2024, 04:53:45 PM

Quote from: zasad@ on January 17, 2024, 01:21:30 PM

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.

Exactly. Just take Silver as an example before. Gold ETF first then Silver followed. That's what I can see right now.
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.

Mate2237

hero member

Activity: 700

Merit: 577

Hire Bitcointalk Camp. Manager @ r7promotions.com

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.

Topic: US Spot Ethereum ETF - page 3. (Read 773 times)