The cryptocurrency Ethereum (ETH) has captured significant attention with speculation surrounding the approval of dedicated U.S. Exchange Traded Funds (ETFs) for it, leading to its biggest jump in value in more than a month. Enthusiasts and investors have been vocal about Ethereum's potential, labeling it a national and international treasure, superior to its competitors. The anticipation builds as various tweets suggest an Ethereum ETF may soon become a reality, with entities like Grayscale's ETHE trust experiencing a 16.44% jump, possibly reflecting the market's optimism towards ETF approval. Speculation is further fueled by reports of a 25% discount to NAV for ETHE, hinting at a positive outcome. Larry Fink hinted at a likely ETF approval, despite some expecting a May rejection. Additionally, Defiance ETFs have filed for a 2x leveraged Ethereum futures ETF, potentially trading under the ticker $ETHL, indicating a growing institutional interest in Ethereum. This development comes amidst broader discussions within the crypto community about Ethereum's leading role in the sector and its expected performance improvement, especially with the upcoming halving event. Speculation about inside information and a potential trading start as early as late June adds to the fervor.
Ether grabbed the crypto spotlight after posting the biggest jump in more than a month on speculation about the outlook for applications to start dedicated US ETFs https://t.co/haB3lYPRWH
James Seyffart, an ETF analyst at Bloomberg, said that Defiance Investments has submitted an application to the US SEC to issue a 2x leveraged Ethereum futures ETF, which may start trading as early as late June. It also recently applied to issue a 2x leveraged ETF to short MSTR…
It's almost like everyone is just realizing that $ETH is going to be the 2nd crypto with an ETF... Whether than be May or the end of the year, it doesn't really matter. This thing is going higher https://t.co/V6fqHdFe2b
Defiance just filed for a 2x leveraged Ethereum $ETH Futures ETF $ETHL 👀 https://t.co/rlJ1f6Ut1K
Defiance ETFs just filed for a 2x leveraged #ethereum futures ETF. Will potentially trade under the ticker $ETHL https://t.co/9Z6M6tcQ3V
$ETHE discount collapsing again signalling inside information that the ETH ETF maybe will sail in May?
interesting.. Grayscale’s $ETHE trust jumped by 16.44% today. If this indicates market’s reflection of the likelihood of $ETH ETF approval, I wonder why the discount suddenly shrank today? Even I see a likely May rejection 🤔some1 know something? https://t.co/me1BFpxY9L
ETHE at a 25% discount to NAV seems like a long I dunno August (Blackrock app SEC decision deadline) seems like the likely date for ETF approval. Larry Fink said on TV Eth will get an ETF, just a matter of time. ETH / BTC should start acting better here with halving two weeks…
ETH up on the news that it is the most important project in crypto
$eth ETF approved??
#Ethereum is an international treasure. All other competitors are cheap, unreliable, imitation dollar store knockoffs. Just saying the quiet stuff out loud :) soon ---> $ETH on-chain will shine 📈🚀
#Ethereum is a national treasure. All other competitors are cheap, unreliable, imitation dollar store knockoffs. Just saying the quiet stuff out loud :) soon ---> $ETH on-chain will shine 📈🚀