The cryptocurrency community is closely watching the U.S. Securities and Exchange Commission (SEC) as Coinbase and Grayscale push for the approval of a spot Ethereum (ETH) ETF. Ripple CEO Brad Garlinghouse has expressed optimism that the SEC will extend its approvals to include ETFs based on cryptocurrencies other than Bitcoin. Valkyrie's Chief Investment Officer, Steven McClurg, anticipates that the approval process for a spot Ethereum ETF could take 1-2 years, citing differences between Bitcoin and Ethereum that require thorough understanding by the SEC. Market observers, including @shauryamalwa, believe that while an Ether spot-ETF may boost institutional investment, it is unlikely to cause euphoric price surges. Grayscale's CEO, Michael Sonnenshein, has confidently stated that the approval of an Ethereum ETF is a matter of 'when' rather than 'if', suggesting an inevitable launch. This sentiment is echoed by experts who believe that an upcoming technological improvement in Ethereum is contributing to recent price upticks. Bitfinex research suggests that Ethereum ETFs could stabilize the market and foster sustained growth, similar to the effects seen with Bitcoin and gold ETFs.
"There's little doubt that the giant in the Bitcoin futures market, which is a company called ProShares... will follow suit." Javier Paz joins @Rosemarietv on "Forbes Talks" to discuss the reaction to the SEC approving the trading of Bitcoin spot ETFs. https://t.co/44kdCnvRMc
“Ethereum ETFs won’t cause bubbles... institutional investment through an ETF could stabilize the Ethereum market, as seen with #Bitcoin and gold ETFs, fostering sustained growth.” - #Bitfinex research https://t.co/u8nBonqFEp
🚨BREAKING 🚨 GRAYSCALE CEO MICHAEL SONNENSHEIN, AFFIRMS THAT A SPOT #ETHEREUM ETF IS "A MATTER OF WHEN, NOT A MATTER OF IF." ETH ETF IS COMING BOYZ 🔥 https://t.co/bQHUBSn7rN
A spot $ETH ETF is coming! It’s never been closer! https://t.co/xBx3Mj8x0c
While a possible spot Ethereum ETF approval looms ahead, Grayscale experts believe an upcoming technological improvement is behind recent price upticks https://t.co/Irk2SlOp1a
Ethereum ETF is "a matter of when, not a matter of if." -Grayscale CEO $ETH https://t.co/fgnQUUpLG8
🚨BREAKING: @GRAYSCALE CEO SAYS $ETH ETF A MATTER OF "WHEN" NOT IF
Grayscale seeks SEC approval for a new exchange-traded fund (ETF), which will track the performance of data privacy companies and protocols like Zcash https://t.co/8VtGTOFhLT
Ether spot-ETFs may increase institutional investment in the token but is unlikely to create euphoric price surges, some market observers opine. By @shauryamalwa. https://t.co/ra29ECppEl
ICYMI: Valkyrie CIO anticipates spot Ethereum ETF approval will take 1-2 years https://t.co/M7b1kxU8mw
Valkyrie chief investment officer Steven McClurg said that the Ethereum spot ETF will not be launched soon, but may be launched in the next year or two. There are many differences between Bitcoin and Ethereum, so the SEC will need to spend a lot of time understanding such…
Valkyrie CIO says could take another year or two for spot ether ETF approval… Here we go again. via @ForTheWynn_ https://t.co/t3HuCg1Rcf
Valkyrie CIO anticipates spot Ethereum ETF approval will take 1-2 years https://t.co/WZwDiMHs11
#Ripple CEO #BradGarlinghouse has predicted that the SEC will approve spot ETFs based on #crypto tokens other than #bitcoin. https://t.co/QBTNAGLqrX
The Coinbase team has called on the U.S. Securities and Exchange Commission (SEC) to approve Grayscale's application to launch a spot Ethereum (ETH) ETF https://t.co/DCm1Ciahg5
There are 5 major reasons why the SEC should approve spot Ether ETFs, argues @Coinbase https://t.co/RdHN8sMlkn