The investment and cryptocurrency communities are closely monitoring the developments around Ethereum (ETH) Exchange-Traded Funds (ETFs), following the approval of Bitcoin ETFs. Notably, VanEck and ARK Invest have updated their applications for a spot Ethereum ETF, amidst a competitive landscape where VanEck plans to lower its Bitcoin ETF fee to 0.20%. The anticipation of Ethereum ETFs has sparked discussions on the potential reallocation of investments from Bitcoin to Ethereum ETFs, suggesting a shift in market dynamics. This speculation is fueled by the performance of the ETH/BTC pair, which saw a significant jump following the Bitcoin ETF approval but experienced a 15% drop against Bitcoin shortly after. The approval of Ethereum ETFs is rumored to be imminent, with expectations set for the end of March 2024, signaling a pivotal moment for Ethereum and possibly altering the cryptocurrency investment landscape. There are currently 9 ETF issuers that have submitted applications for an ether ETF, indicating a strong interest in Ethereum ETFs and the potential for ETH to reach $20k. The impact of every new dollar going into ETH is anticipated to be significant due to its smaller market cap and supply dynamics.
๐จ RUMOR ๐จ ETHEREUM SPOT ETF WILL NOW BE APPROVED BY THE END OF MARCH 2024. MULTIPLE BITCOIN ETF GUYS HAVE FILED FOR ETH SPOT ETF. ETH ETF IS COMING BOYZ ๐ฅ
ETH ETF is going to melt faces Thereโs only going to be two tokens with ETFs for a few years and most investors still need their first allocation Every new dollar going into ETH has a much bigger impact on the price than BTC given its smaller market cap and supply dynamicsโฆ https://t.co/rBAXoKgWjB
.@vaneck_us and @ARKInvest submitted an updated applications for their spot #Ethereum ETF filing. https://t.co/JuH2OMnSLm https://t.co/WOxdtzwDey
Just had @vaneck_us submit an updated S-1A for their spot #Ethereum ETF filing. https://t.co/eHn3iCYuQu
On Spot Ethereum ETFs ๐ There are currently 9 ETF issuers that have submitted applications for an ether ETF Following Bitcoin ETF approval, the ETH/BTC pair jumped to 0.06 ETH has since struggled against BTC dropping as low as ~0.051 (-15%) on Monday But now, interest in anโฆ
๐ฆ๐ฆ๐ฆIf/when ethereum $eth etf is approved, that will be funded from the existing crypto allocation funds have so there will be movement from btc etfs to eth etfs. Still growth for both but some profits will move to eth. Ergo, eth like to grow more ๐ฅ
The Bitcoin ETF fee war rolls on: @vaneck_us plans to cut its fee down to 0.20% Read more: https://t.co/njA4o8CgPA
People were fading the BTC ETFs right up until the very day they got approved The same is now happening with the ETH ETFs Send ETH to $20k with haste