US Spot Ethereum ETF | Bitcointalksearch.org

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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

ETF's are not just for whales, you can invest into ETF's with just mere thousands as well, and if you think that a few thousand dollars is being a whale, then you will be shocked how many whales are there.

I consider a whale is someone who can put a million dollars into bitcoin without thinking, which means that he has that much cash laying around for something, it doesn't mean that he has only a million dollars, he probably has a lot more and he is only putting that much into bitcoin or it could be ETF for btc or eth as well. This is why I think we should be more careful with what we are doing, I believe that the best thing we can do right now would be just looking at our own investments and not watch what others are doing.

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Quote from: DeathAngel on September 04, 2024, 03:22:12 AM

I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

ETH ETF is just that bad

too much outflow compared to inflow, it's a sign that the ETF ETH is a failure, though maybe it's because the bad sentiment and the fact that there are many fuds about ethereum that doesn't help with the situation.
but overall it's weaker than I expected.

probably the fact that by holding ETH we can stake in through LST and double the profit instead of buying ETF means there's lost opportunity right there and that might be the culprit why people avoid ETH ETF.

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Quote from: DeathAngel on September 04, 2024, 03:22:12 AM

I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

I was a big believer of the ETH ETFs and I'm down bad for it. It seems a lot of it was a "sell the news" event after all. If ETH ETFs came in 2021, the prices would've been alot higher. But it's not. I think part of the reason is that there's isn't enough tradfi liquidity for Both Bitcoin and Ethereum at the moment. That, and couple with the fact that Ethereum have had no major upgrades that specifically targets their L1. I know there was an update that made tx costs cheaper across L2s on ethereum but then it has made Ethereum to become inflationary again. Why buy ETH when you can just stick to your fiat that has stood the test of time.

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I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

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Quote from: Webetcoins on September 02, 2024, 11:53:24 PM

The fact that we somehow managed to get this doesn't mean that it is a great thing, it also means that we are going to end up with a good result if we want to and we shouldn't really do anything about any of this, we need to consider how this could be a bigger deal if we do what we do knowing what we are going to get.

If we have no idea about what the future of ETH futures looking and ETF seems like a questionable thing then we do not need to invest into that, and this is what the investors are doing.

Bitcoin is the one everyone loves and because of that I think there is really not a big deal about this that makes it questionable for anyone. If you get to do Bitcoin ETF, then why would you want to do ETH ETF as well, that's the deal.

Many of the whales who did not buy coins directly, ended up buying the ETF and they prefer bitcoin over ETH easily, everyone does that in crypto too that's why bitcoin has higher marketcap, and I think it's clear that we will be getting not that many investments at ETH ETF.

ETFs are anyway for the whales, thus, we can only observe how it affects the market on which we are in Grin

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The fact that we somehow managed to get this doesn't mean that it is a great thing, it also means that we are going to end up with a good result if we want to and we shouldn't really do anything about any of this, we need to consider how this could be a bigger deal if we do what we do knowing what we are going to get.

If we have no idea about what the future of ETH futures looking and ETF seems like a questionable thing then we do not need to invest into that, and this is what the investors are doing.

Bitcoin is the one everyone loves and because of that I think there is really not a big deal about this that makes it questionable for anyone. If you get to do Bitcoin ETF, then why would you want to do ETH ETF as well, that's the deal.

Many of the whales who did not buy coins directly, ended up buying the ETF and they prefer bitcoin over ETH easily, everyone does that in crypto too that's why bitcoin has higher marketcap, and I think it's clear that we will be getting not that many investments at ETH ETF.

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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

The main reason why we are investing so much to ETH as a group, is something that we are dealing with something that is taking time and that's the most important part. I know that we are going to end up with a good result one way or another, and because of that we shouldn't really consider how this could change anytime soon.

ETH is great, it is the main point for so many projects and it is bringing something much better with time, we will keep on getting good results one way or another, it is going to be what we like to do and that's what we care. Hopefully ETH will continue to make money to everyone, and if it keeps on making more money for everyone and keeps being the chain for many projects then I doubt it will go away at all.

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Quote from: Yaunfitda on August 22, 2024, 07:00:58 AM

Quote from: zasad@ on August 21, 2024, 05:32:43 AM

Quote from: HarveyOne on July 31, 2024, 08:49:34 AM

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

Staking etherium is available on centralized and decentralized platforms. It is much more convenient to do it on centralized platforms, but the rule “not your keys = not your coins” works here.
There is a lot of information on decentralized platforms and steaking options on the internet, so I won't give links.
I've been telling everyone for years: possible profit 5%, possible loss 100% of deposit - it's a wrong investment if you don't have a lot of coins.

Yeah, I think that is the risk with Staking, although in the beginning, it could be worth for some because of the high yield that they will get. However, when the market's became saturated, and just like the hype it is, sooner or later it will lose it's attractiveness to say the least. And then the whole staking went down, the yield became so meager that it's no longer very appealing and then you don't have total control of it.

And with that, it might be good to invest with Ethereum because of the whole US Spot Ethereum ETF. And similar to Bitcoin, it will really bring a lot of money from investors and obviously, it will give that needed boost to the market itself.

There are a lot of coins being staked and the Staked Share is constantly increasing.
https://dune.com/hildobby/eth2-staking

The number of layers is also increasing, so Ethereum is the ecosystem of the future, and that's why investors are staking.
https://l2beat.com/scaling/summary

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Quote from: zasad@ on August 21, 2024, 05:32:43 AM

Quote from: HarveyOne on July 31, 2024, 08:49:34 AM

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

Staking etherium is available on centralized and decentralized platforms. It is much more convenient to do it on centralized platforms, but the rule “not your keys = not your coins” works here.
There is a lot of information on decentralized platforms and steaking options on the internet, so I won't give links.
I've been telling everyone for years: possible profit 5%, possible loss 100% of deposit - it's a wrong investment if you don't have a lot of coins.

Yeah, I think that is the risk with Staking, although in the beginning, it could be worth for some because of the high yield that they will get. However, when the market's became saturated, and just like the hype it is, sooner or later it will lose it's attractiveness to say the least. And then the whole staking went down, the yield became so meager that it's no longer very appealing and then you don't have total control of it.

And with that, it might be good to invest with Ethereum because of the whole US Spot Ethereum ETF. And similar to Bitcoin, it will really bring a lot of money from investors and obviously, it will give that needed boost to the market itself.

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Quote from: Sayeds56 on May 01, 2024, 10:05:03 AM

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.

Yes, indeed true from my monitoring of the crypto market, for now the situation is indeed going down, and it is an important consideration for investors, but this situation will gradually recover again, even though the crypto market is fluctuating, this is quite normal in the crypto market at this time.

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Well now here is some good news for the Blackrock spot Eth ETF. This week it did cross $1 Billion cumulative net inflows. And it remains crypto investors early choice for investors who want a spot Eth ETF.
Fidelity’s Ethereum Fund had only $367 Million in cumulative net inflows. Bitwise Ethereum ETF has $310 Million and Grayscale Ethereum Mini Trust has $227 Million.
https://decrypt.co/245775/blackrock-ethereum-etf-1-billion-net-gains-nearly-tripling-fidelity

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Quote from: zasad@ on August 21, 2024, 05:32:43 AM

Quote from: HarveyOne on July 31, 2024, 08:49:34 AM

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

Staking etherium is available on centralized and decentralized platforms. It is much more convenient to do it on centralized platforms, but the rule “not your keys = not your coins” works here.
There is a lot of information on decentralized platforms and steaking options on the internet, so I won't give links.
I've been telling everyone for years: possible profit 5%, possible loss 100% of deposit - it's a wrong investment if you don't have a lot of coins.

Yeah, I do it on Binance and it's quite easy to deal with that and doesn't really require more than just a few clicks. With the way things are going, I feel like all these big companies who are getting insane amount of ETH due to this ETF situation will end up staking it too, making the returns a lot lower for all of us. I can see a period where the return will drop to like 1-2% eventually one day, which will not be good at all.

If you have billions in it, then getting even 1% is good because you do not invest for that, you invest because your customers wants to, and that 1% is your money totally, and that's 10 million dollars that you made off others money.

I hope that we can continue with this ETF being a good thing for us because if there isn't really anything that can make it change all together, then we are going to have ETH be taken over by these wall street ETF dudes and the results will not be good for us at all, we will definitely not be happy about it. I personally believe that we need to do a lot better overall, and for that to mean something we need to have retail investors be equally involved with ETH as these wall street guys are, so we can keep the power at least a bit balanced.

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Quote from: zasad@ on August 21, 2024, 05:32:43 AM

Quote from: HarveyOne on July 31, 2024, 08:49:34 AM

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

Staking etherium is available on centralized and decentralized platforms. It is much more convenient to do it on centralized platforms, but the rule “not your keys = not your coins” works here.
There is a lot of information on decentralized platforms and steaking options on the internet, so I won't give links.
I've been telling everyone for years: possible profit 5%, possible loss 100% of deposit - it's a wrong investment if you don't have a lot of coins.

Yeah, everybody's choice, of course, but everybody would choose stability and security over the potential profit at hand, in my opinion.

zasad@

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Quote from: HarveyOne on July 31, 2024, 08:49:34 AM

Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

Staking etherium is available on centralized and decentralized platforms. It is much more convenient to do it on centralized platforms, but the rule “not your keys = not your coins” works here.
There is a lot of information on decentralized platforms and steaking options on the internet, so I won't give links.
I've been telling everyone for years: possible profit 5%, possible loss 100% of deposit - it's a wrong investment if you don't have a lot of coins.

HarveyOne

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Where can I stake my ETH with some security? You usually have to leave them on a platform and lose the keys - not your keys = not your coins

betswift

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Quote from: zasad@ on July 27, 2024, 04:32:52 PM

https://www.coindesk.com/news-analysis/2024/07/25/staking-in-ether-etfs-is-a-question-of-when-not-if-and-issuers-remain-hopeful/
Staking in Ethereum ETFs Might Be a Question of When, Not If
"The eight spot ether exchange-traded funds had a largely successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn't let the ETFs generate income for investors by staking their ETH.
The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking."

__

Duh, if they could stake them, imagine the possibilities for their operations going wild with these amounts Wink

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https://www.coindesk.com/news-analysis/2024/07/25/staking-in-ether-etfs-is-a-question-of-when-not-if-and-issuers-remain-hopeful/
Staking in Ethereum ETFs Might Be a Question of When, Not If
"The eight spot ether exchange-traded funds had a largely successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn't let the ETFs generate income for investors by staking their ETH.
The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking."

__

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Ethereum ETFs Begin Trading on July 23, Cboe Confirms
"Cboe has listed five spot Ethereum ETFs to start trading next Tuesday, July 23, including those from Franklin Templeton and Fidelity."
https://decrypt.co/240685/ethereum-etfs-begin-trading-july-23-cboe
"Spot Ethereum exchange-traded funds (ETFs) will be listed for trading on Tuesday, July 23, the Chicago Board Options Exchange (or Cboe) confirmed Friday via notices posted to its website.

Cboe said that the following spot Ethereum ETFs will begin trading on Tuesday: 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV).

"We are pleased to announce that One (1) Exchange Traded Product ('ETP') will be listed on Cboe and will begin trading as a new issue on July 23, 2024, pending regulatory effectiveness," each listing reads."

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https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/
"June 26 (Reuters) - The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters.
Eight asset managers, including BlackRock (BLK.N), opens new tab, VanEck, Franklin Templeton (BEN.N), opens new tab and Grayscale Investments, are seeking SEC approval for the funds. Most of them had rolled out spot bitcoin ETFs in January, the culmination of a decade-long tussle with regulators. Grayscale again hopes to convert an existing trust into an ETF."

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https://www.theblock.co/post/296845/jpmorgan-doubt-sec-approval-solana-other-crypto-etfs
"JPMorgan doesn’t foresee the SEC approving additional crypto ETFs following spot Ethereum ETFs.
That’s unless U.S. policymakers pass legislation declaring most cryptocurrencies as non-securities, analyst Nikolaos Panigirtzoglou told The Block."

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https://cointelegraph.com/news/sec-etf-decision-means-ether-other-tokens-not-securities
“ETH is a commodity, even with its current attributes. That means we can extrapolate to *A LOT* of other projects what elements matter in security. Today a lot of things probably clearly became commodities, even if they don’t know it yet.”
"The SEC officially approved 19b-4 applications from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise to issue spot Ether ETFs on May 23. Many ETFs issuers notably removed staking in their final amendments. "

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https://twitter.com/NateGeraci/status/1792330334169903568
"SEC decision deadline this week on spot eth ETFs…

SEC must approve both the 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch.

Technically possible for SEC to approve 19b-4s & then slow play S-1s (esp given reported lack of engagement here)."

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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.

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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

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.

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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."

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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.

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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 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.

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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.

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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."

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Quote from: zasad@ on March 27, 2024, 08:23:44 AM

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

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.

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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

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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."

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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.

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Quote from: zasad@ on March 06, 2024, 06:00:11 AM

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.

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.

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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.

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Quote from: tyz on February 28, 2024, 03:25:11 PM

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.

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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.

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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.

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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.

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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."

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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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.

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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."

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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.

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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.

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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

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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.

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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?

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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.

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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.

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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.

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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.

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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.

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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.

tyz

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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.

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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

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.

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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

The main thing is that it does not turn out that expectations from the adoption of the Etherium ETF do not “overheat” the ETH market. By analogy with the BTC market before the adoption of the ETF. In addition, we should not forget about the existence of the Grayscale Ethereum Trust, from which assets can then flow into ETH-ETF. Updates to the ETH network should have a greater impact on cost due to the new EPRs.

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https://www.theblock.co/post/273703/osl-hong-kong-crypto-etf-midyear
OSL executive says Hong Kong could debut spot crypto ETF by mid-year
"Gary Tiu, executive director and head of regulatory affairs of OSL, a Hong Kong-licensed crypto exchange, said that the special administrative region could potentially see the issuance of its first spot crypto exchange-traded funds by the middle of this year, according to local media.

The Hong Kong Economic Journal reported Monday that Tiu said that OSL is in close communication with many fund companies— and that five to 10 companies are currently studying such an ETF. Tiu added that around five companies have progressed faster than the others, with the possibility of rolling out Hong Kong’s first spot crypto ETFs by the middle of this year."

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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

Topic: US Spot Ethereum ETF (Read 773 times)