Will It Be Jubilation or Devastation? Ethereum ETF Call Imminent

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: aima55 on May 24, 2024, 04:42:22 AM

~Snipped

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

An approved ETF means that Ethereum is now "cool" again and everyone who shaded it in favour of solana will have to take back their words because ETH will take the spotlight from Bitcoin in the interim because being the only altcoin to get an ETF so far is. a big deal. It goes to show how far ethereum has grown over the year as a protocol and as an ecosystem (L2s, Rollups, etc).

Things about to get interesting for ETH ecosystem projects as well.

Tycoon01

newbie

Activity: 9

Merit: 0

Quote from: DiMarxist on May 24, 2024, 01:13:08 PM

Quote from: Sayeds56 on May 24, 2024, 12:50:32 PM

Quote from: aima55 on May 24, 2024, 04:42:22 AM

I also saw the news that Ethereum Spot ETF has been finally approved yesterday 11 pm in the night. And this is a good news to the cryptocurrency community because if bitcoin and Ethereum have been approved by the SEC then the cryptocurrency market will increase and those who invested in Ethereum for years would smile when it reach $20,000. This is really a milestone achievement of Ethereum community.
Ethereum now is on it Bull market.

I expected the impact on the price to be better than this, but the market has been pretty unpredictable lately, which is why I chose Bitget high APR flexible savings to save my ETH, rather than locking it. And I believe with the upcoming bull run, things could get very interesting for ETH price. The approval of Ethereum Spot ETF will likely attract more institutional investors, which could lead to increased adoption and a potential price surge. Fingers crossed that ETH reaches $20,000 and beyond.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

So the current results have fully answered the OP's questions. Before that, I also speculated that the ETH spot ETF was approved but it was not as scripted and it came faster than I thought, but recently there have been many new speculation that ETH will soon hit ATH as Bitcoin follows. But observing the market situation, we are at a stage where there is interest from many sides in this field. There are many reasons for a positive view on future prices but fluctuations in the market. This space is always unique because the scale is not too large for the economy. So imo, ETH will also bring specific targets because I only see at this stage just the beginning of the journey of stronger crypto adoption.

Ozero

full member

Activity: 2142

Merit: 183

Quote from: Reatim on May 24, 2024, 08:50:20 AM

Quote from: Andrearepap on May 24, 2024, 08:39:44 AM

If the Ethereum ETF gets approved, I think it would legitimize crypto,

In my opinion bitcoin etf already did that. Now more eyes are drawn to bitcoin and cryptocurrencies at large. Ethereum etf being approved will definitely benefit those who are investors of ethereum but I am not quite sure about its implications on the whole crypto world.

After ethereum etf it might cause more coins being considered for etf approvals though I wouldn’t know if that would be such a good idea. Perhaps not. But let’s just wait and see.

On May 23, the SEC approved applications from issuers of Ethereum-based spot exchange-traded funds. This is truly a huge event after the SEC made a similar decision on Bitcoin in January. Then the price of Bitcoin went up sharply and shook up the cryptocurrency market. The same thing should happen now, after the approval of ETFs on Ethereum. Only this time, the price increase should also affect tokens on the ETH blockchain. Analysts predict that the price of Ethereum should soon rise to $6,600. But most likely this will happen in a few weeks. After all, trading of spot exchange-traded funds based on Ethereum will launch after the SEC signs registration statements on Form S-1, and this will take about a few more weeks.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: God bless u on May 25, 2024, 10:04:33 AM

Let it be done for the instance then we will see further in it. I have been hearing this talk for a while now but there is no output of it. Like people were taking about the halving of BTC and it's performance after halving but it didn't came out that much richer than it was thought of.

So that's a something that needs to be talked on after it will be done because production without any data don't come out richer.

Your cautious approach and emphasizing the importance of waiting for the tangible results and data before drawing conclusion, reflects a prudent stance. However, it is not possible to anticipate the price of any asset to some extent without considering the historical patterns, and this is how we decide to invest in any financial asset in the hope of making profit. It is also true that what happened in the past is not necessarily repeated but when we combine these patterns with fundamental factors such as overall state of the economy, we can make more prudent investment decisions.

In summary, approval of Ethereum ETF can potentially advance the world of cryptocurrencies and open new opportunities in the future.

God bless u

full member

Activity: 280

Merit: 110

Eloncoin.org - Mars, here we come!

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

Let it be done for the instance then we will see further in it. I have been hearing this talk for a while now but there is no output of it. Like people were taking about the halving of BTC and it's performance after halving but it didn't came out that much richer than it was thought of.

So that's a something that needs to be talked on after it will be done because production without any data don't come out richer.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: zasad@ on May 25, 2024, 05:37:05 AM

https://www.theblock.co/post/296612/standard-chartered-solana-and-xrp-etf-next-year
Standard Chartered analyst says other crypto ETFs such as SOL, XRP 'is likely a 2025 story'
"Standard Chartered’s Geoffrey Kendrick says that other crypto ETFs may find approval in 2025.
Kendrick suggests that the approval of ETH ETFs implies that ETH and similar cryptocurrencies are not securities."

You are absolutely right that ETFs of Solana and XRP are unlikely to be approved so soon, it might take considerable amount of time The approval of Ethereum ETF means SEC has recognized it as a commodity which is very positive development not onlt for Ethereum but also for the tokens launched by using Ethereum network. This recognition could potentially take Ethereum to new height in coming months. DYOR

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

https://www.theblock.co/post/296612/standard-chartered-solana-and-xrp-etf-next-year
Standard Chartered analyst says other crypto ETFs such as SOL, XRP 'is likely a 2025 story'
"Standard Chartered’s Geoffrey Kendrick says that other crypto ETFs may find approval in 2025.
Kendrick suggests that the approval of ETH ETFs implies that ETH and similar cryptocurrencies are not securities."

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: enwi on May 24, 2024, 06:14:36 PM

Quote from: batang_bitcoin on May 24, 2024, 05:20:31 PM

Quote from: aima55 on May 24, 2024, 04:42:22 AM

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

Forget about the rejected ETH eth proposal since they're already judged but moving on to the approved one. It seems that there's a positive implication on the market lately. Did you see how ETH moved? because it seems that it have been stable at all.
Now, the trend will be like this. After BTC and ETH, what's next for these institutions to apply for another crypto etf spot? I have been reading the rumors about solana.

Proposals that are rejected still have a chance to be improved again and when some are approved then this is a good development for Ethereum to immediately continue its journey to start the altcoin season next year.

Yes but as of now, forget about them because they have no contribution to the market. They will only have contribution once they are approved and they start being traded. So for now, don't get bothered with the rejected applications and wait until they reapply for that and think of what could be the impact if they've been approved. But as of now, stick to the approve ones and we'll get to see the impact of it by next month.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Tipstar on May 24, 2024, 05:42:29 PM

They rose the price of Ethereum just before Ethereum ETFs were announced. From trading below 3K to trading above 3.8K in 24 hours. It were the people that knew the news about ETF are coming. After the SEC announced EThereum ETF, many traders and investors bought and held Ethereum in anticipation of rise. But on contrary the market makers dumped the price so that a lot of traders would be liquidated. The same thing had happen with Bitcoin. The price seems to be stabilizing and we could need to wait a couple of days before the price would again start to rise.

I guess its just the usual normal buy at rumour sell at news kind of thing, which is fine since the price gonna be picking up later on in my opinion.
whenever the real events arrived its underwhelming same thing with the halving but the news of halving has been successful in helping us rising above the all time high I call that a big success already.
same thing with the case of ethereum with the etf approval price instead tanking a little bit definitely not a problem, but its already good enough if somehow at the end of the year or first quarter of the next year the bullrun is coming we already have quite high price base to start with.

hopefully it just means that we gonna have really high eth that gonna sets stark contrast if compared with the previous ones.

enwi

full member

Activity: 602

Merit: 101

Quote from: batang_bitcoin on May 24, 2024, 05:20:31 PM

Quote from: aima55 on May 24, 2024, 04:42:22 AM

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

Forget about the rejected ETH eth proposal since they're already judged but moving on to the approved one. It seems that there's a positive implication on the market lately. Did you see how ETH moved? because it seems that it have been stable at all.
Now, the trend will be like this. After BTC and ETH, what's next for these institutions to apply for another crypto etf spot? I have been reading the rumors about solana.

Proposals that are rejected still have a chance to be improved again and when some are approved then this is a good development for Ethereum to immediately continue its journey to start the altcoin season next year.

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

They rose the price of Ethereum just before Ethereum ETFs were announced. From trading below 3K to trading above 3.8K in 24 hours. It were the people that knew the news about ETF are coming. After the SEC announced EThereum ETF, many traders and investors bought and held Ethereum in anticipation of rise. But on contrary the market makers dumped the price so that a lot of traders would be liquidated. The same thing had happen with Bitcoin. The price seems to be stabilizing and we could need to wait a couple of days before the price would again start to rise.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: aima55 on May 24, 2024, 04:42:22 AM

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

Forget about the rejected ETH eth proposal since they're already judged but moving on to the approved one. It seems that there's a positive implication on the market lately. Did you see how ETH moved? because it seems that it have been stable at all.
Now, the trend will be like this. After BTC and ETH, what's next for these institutions to apply for another crypto etf spot? I have been reading the rumors about solana.

electronicash

legendary

Activity: 3178

Merit: 1054

since ETH is already approved and the politics is very different when it comes to crypto, i think it's not just ETH that will be on ETF, there will be more altcoins that will soon follow. i read some people already saying there will be SOL ETF as well. there isn't yet any filing but maybe eits true.

besides the price expectation guess this approval will also allow regulators to finally make a clear regulation for the crypto industry by bipartisan support and balance regulatory environment.

DiMarxist

sr. member

Activity: 448

Merit: 264

Quote from: Sayeds56 on May 24, 2024, 12:50:32 PM

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

The news is out, Ethereum ETF has been formally approved by Security and Exchange commission (SEC) last night which was widely expected by crypto community. The Ethereum price could not create any waves in the market as some more procedural and technical issues need to be settled before its formal trading can commence. Nevertheless, this milestone is historic and it will have very positive impact on overall crypto currencies market in coming weeks and months.

I also saw the news that Ethereum Spot ETF has been finally approved yesterday 11 pm in the night. And this is a good news to the cryptocurrency community because if bitcoin and Ethereum have been approved by the SEC then the cryptocurrency market will increase and those who invested in Ethereum for years would smile when it reach $20,000. This is really a milestone achievement of Ethereum community.
Ethereum now is on it Bull market.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

The news is out, Ethereum ETF has been formally approved by Security and Exchange commission (SEC) last night which was widely expected by crypto community. The Ethereum price could not create any waves in the market as some more procedural and technical issues need to be settled before its formal trading can commence. Nevertheless, this milestone is historic and it will have very positive impact on overall crypto currencies market in coming weeks and months.

aima55

member

Activity: 78

Merit: 1

Quote from: Andrearepap on May 24, 2024, 08:39:44 AM

If the Ethereum ETF gets approved, I think it would legitimize crypto, attract more institutional and retail investors, and likely drive up Ethereum's price. It would show regulators are warming up to crypto, which could lead to clearer rules. On the flip side, if it gets rejected, it could create more uncertainty, push investors away, and hurt prices. It would mean regulators still have significant concerns, making the market more volatile and cautious.

The inevitable price increase is on the rise.

aima55

member

Activity: 78

Merit: 1

Quote from: moneystery on May 24, 2024, 09:01:58 AM

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.
....

the crypto market does not experience the slightest effect from this, because bitcoin, ethereum, and all cryptocurrencies, do not require government regulation to make them develop further. moreover, the presence of ethereum etfs on the market will only benefit the etf providers and the government, since they will gain profits from trading etf products by linking them to the price of ethereum. what does ethereum get? at most these providers will only buy hundreds of thousands of dollars worth of ethereum from the market to back their etf products, with their trades reaching millions or even tens of millions of dollars, it will not only have a small impact on the ethereum market. so let's think smartly, the launch of this etf will only benefit them, not the crypto market, especially ethereum.

I agree. It's really interesting how the price didn't change much, looks like the recent pump was it. The ETF decision was priced in.

Kelward

sr. member

Activity: 588

Merit: 338

Quote from: Andrearepap on May 24, 2024, 08:39:44 AM

If the Ethereum ETF gets approved, I think it would legitimize crypto, attract more institutional and retail investors, and likely drive up Ethereum's price. It would show regulators are warming up to crypto, which could lead to clearer rules. On the flip side, if it gets rejected, it could create more uncertainty, push investors away, and hurt prices. It would mean regulators still have significant concerns, making the market more volatile and cautious.

According to the information that I have on hand, the Ethereum ETF has been approved, and I'm happy about it, this will undoubtedly increase people's trust in cryptocurrency as a whole. It will increase for Ethereum, institutional and retail investors, as it's been experienced in Bitcoin. I wasn't surprised when I heard the news about eth approval, even though many people were speculating that it won't happen so soon, I knew all along that Bitcoin ETF approval will pave the way for other reputable cryptocurrencies to be approved. So let's watch and see how the approval impacts on the crypto space as a whole, especially Ethereum price in the coming bull run

Bournesparks

jr. member

Activity: 179

Merit: 3

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

The ETH etf has been approved and eth market dumped. Even though personally on the long run I think this is good for the crypto community as a whole, but we're yet to see it's effect in terms of price trend.. noticed some platforms are leveraging this to reward traders eth ETF event. Let's see how it unfolds. Which ETF will be next to be approved?

moneystery

full member

Activity: 868

Merit: 202

Quote from: aima55 on May 24, 2024, 04:42:22 AM

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.
....

the crypto market does not experience the slightest effect from this, because bitcoin, ethereum, and all cryptocurrencies, do not require government regulation to make them develop further. moreover, the presence of ethereum etfs on the market will only benefit the etf providers and the government, since they will gain profits from trading etf products by linking them to the price of ethereum. what does ethereum get? at most these providers will only buy hundreds of thousands of dollars worth of ethereum from the market to back their etf products, with their trades reaching millions or even tens of millions of dollars, it will not only have a small impact on the ethereum market. so let's think smartly, the launch of this etf will only benefit them, not the crypto market, especially ethereum.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Andrearepap on May 24, 2024, 08:39:44 AM

If the Ethereum ETF gets approved, I think it would legitimize crypto,

In my opinion bitcoin etf already did that. Now more eyes are drawn to bitcoin and cryptocurrencies at large. Ethereum etf being approved will definitely benefit those who are investors of ethereum but I am not quite sure about its implications on the whole crypto world.

After ethereum etf it might cause more coins being considered for etf approvals though I wouldn’t know if that would be such a good idea. Perhaps not. But let’s just wait and see.

Andrearepap

newbie

Activity: 4

Merit: 0

If the Ethereum ETF gets approved, I think it would legitimize crypto, attract more institutional and retail investors, and likely drive up Ethereum's price. It would show regulators are warming up to crypto, which could lead to clearer rules. On the flip side, if it gets rejected, it could create more uncertainty, push investors away, and hurt prices. It would mean regulators still have significant concerns, making the market more volatile and cautious.

aima55

member

Activity: 78

Merit: 1

The Ethereum ETF has been a big deal lately. For a long time, Ethereum has been under a lot of questions and uncertainty from regulators. This has made things difficult for the whole crypto industry, especially for Ethereum and its related projects. However, there is hope that if the ETF is approved, it could be a positive sign for more stable and clearer regulation.

If the ETF gets approved, it would be an important milestone. It might show progress towards regulators understanding crypto better, even if not completely. Some people think political factors, like President Biden's team wanting to get more support by approving the ETF, show how important crypto has become in American politics.

What do you think the implications of an approved or rejected Ethereum ETF will be for the crypto market as a whole? Share your thoughts below!

Topic: Will It Be Jubilation or Devastation? Ethereum ETF Call Imminent (Read 155 times)