The Ethereum ETFs Are Approved: Market Experts Weigh In
In a spectacular turnaround, the SEC has approved a series of Ethereum Spot ETFs. According to BTC-ECHO | Bitcoin & Blockchain since 2014, it is only a matter of weeks before these become tradable. Jan-Oliver Sell, Managing Director of Coinbase Germany, emphasizes the positive impact of the approval on the industry and sees crypto as more than just a trend.
Dr. Ulli Spankowski, CEO and founder of BISON, calls the approval a potential catalyst for the entire crypto market. Ryan Lee from Bitget Research highlights that an Ethereum ETF could set new standards.
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New Ethereum ETFs: SEC Decision Fuels Crypto Market
According to an article in the Neue Zürcher Zeitung - NZZ, the US Securities and Exchange Commission (SEC) will permit exchange-traded funds with Ether – a surprising and politically motivated decision. The decision comes less than six months after the introduction of the Bitcoin ETF by the same authority.
Katalin Tischhauser from Sygnum Bank explains that this move shows how open the SEC has become towards cryptocurrencies. However, Yves Longchamp adds critically that the lack of staking functionality in these new ETFs might make them less attractive compared to their Bitcoin counterparts.
Ethereum Spot ETFs Starting Mid-June: Analysts' Predictions
BeInCrypto | Bitcoin & Crypto News reports market analysts' predictions for the start of new Ethereum Spot ETFs by mid-June following regulatory approval for eight applicants including VanEck and BlackRock. Despite high expectations, Ethereum's price movement remained subdued – a phenomenon known as "sell the news". Bloomberg analyst Eric Balchunas forecasts an official trading start by mid-June.
The Ethereum ETF Is Coming – Here's What You Should Know
According to extraETF – ETF News, the US Securities and Exchange Commission (SEC) is now also allowing spot ETFs for Ethereum; this follows the example of existing Bitcoin products since early 2024. Jens Chrzanowski from Broker XTB comments positively on this and expects strong inflows similar to those of the previous BTC ETF.
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