The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum (ETH) Exchange-Traded Funds (ETFs), marking a significant milestone in the cryptocurrency market. This approval follows the success of Bitcoin (BTC) ETFs, which have seen substantial inflows and have legitimized crypto as an asset class. Analysts predict that demand for ETH ETFs could reach 20-25% of that for BTC ETFs, with some suggesting it could be as high as 15-20% of BTC ETF assets under management. Despite the approval, institutional interest in ETH ETFs remains lower compared to BTC, with ETH making up less than 15% of Hong Kong assets. The approval has contributed to a bullish sentiment in the market, with ETH prices surging to $3,900. The ETFs are expected to start trading soon, potentially by August, and are anticipated to have trading volumes of 10-15% of what BTC ETFs initially saw. Additionally, the approval of these ETFs has coincided with a broader shift in U.S. regulatory stance towards crypto, with lawmakers agreeing to create a regulatory framework. The Ethereum Foundation is also considering a formal conflict of interest policy following community backlash, and the Pectra upgrade is on the horizon.
Crypto Market Pulse Weekly: ๐ธ U.S. SEC approves 8 spot Ether ETFs ๐ Open interest of ETH futures reaches new record high ๐ Bitcoin and Ether ETPs expected to debut on London Stock Exchange on 28 May The details ๐ https://t.co/G2Eu5VDjmr https://t.co/rVrCKbieVI
๐ฅ Things Iโm looking at today๐ฅ ETH nears $4k, hacked celebs release coins, ETH memes all hit ATHs Crypto * BTC: 69.2k (0%), ETH: 3900 (+3%), SOL: 166 (+2%) * Top 100 gainers: JASMY, FLOKI, PEPE, BONK, SNX * ETH leads rally on continued bullish ETF sentiment * Previousโฆ https://t.co/uNSwxTloeT
๐ฅ Things Iโm looking at today ๐ฅ ETH nears $4k, hacked celebs release coins, ETH memes all hit ATHs Crypto * BTC: 69.2k (0%), ETH: 3900 (+3%), SOL: 166 (+2%) * Top 100 gainers: JASMY, FLOKI, PEPE, BONK, SNX * ETH leads rally on continued bullish ETF sentiment * Previousโฆ https://t.co/yy2UYxJMbz
The Daily Modern Market Snapshot: Mon 27 May Headlines ๐ETH rips past $3.9k again as other majors stand still From @Evan_ss6: "ETH coming off months of the worst sentiment since the unwinding of the ICO bubble, strong catalyst in surprise (to some) ETF approval with loads ofโฆ https://t.co/aPc2p4JQFm
#Ethereum out performs market surging to $3900 after ETF approval, Pectra upgrade in sight via @hardeyjumoh https://t.co/X6HhCFS1Iv
What. A. Week. In. Crypto. ๐ป @phantom app rises โฉ FIT21 passes in House ๐ชจ BTC ETF inflows boom ๐ฌ๐ง BTC + ETH ETPs incoming ๐ Fed CBDC banned ๐ ETH ETF approved ๐ชฆ RIP Kabosu The 30-second MoonDay Times recap: https://t.co/s5507svayw
SEC has approved spot Ether ETFs while Senate reviews Fit21 bill. Notably, Sam Bankman-Fried has been detained in Oklahoma. Stay updated with Hodler's Digest for more details from May 19-25. #crypto #news
Bitcoin ETF legitimizes crypto as an asset class ETH ETF makes investors realize that crypto is far more interesting and asymmetric than a digital gold/macro hedge Investors looking for tech exposure is a wider audience and market than pure-play macro investors ๐
Bitcoin ETF legitimized crypto as an asset class ETH ETF awakens investors to the notion crypto is the next evolution of the Internet. This is far more interesting and asymmetric than what a digital gold / macro hedge (BTC) can be Investors looking for tech exposure is aโฆ
ETH is going to $10,000 and above. ETH spot ETF will start trading soon and you will see the impact ๐ฅ ETH is deflationary + imagine all these companies buying millions worth of ETH ETF every week. You are seriously not bullish enough. https://t.co/H4rzNipzdr
Ethereum ETF was approved, but why aren't we rich yet? Here's all the alpha you need to understand why the price of ETH hasn't skyrocketed since the news of ETH ETF approvals. ๐ https://t.co/v67SKaoIaS
Todayโs edition of the weekly recap: spot Ethereum ETFs are happy; Bitcoin reclaimed the $71,000 threshold; lawmakers passed the FIT21 bill to ensure crypto regulatory clarity https://t.co/ZNTFd2s20S
The crypto market is buzzing with the ETH ETF approval, signaling a bullish 2024! Check out the top 5 cryptocurrencies poised to soar and lead the next phase of market growth. Sponsored https://t.co/SSrACgcAd8
What happens when the ETH ETFs launch? Will they see massive inflows like the Bitcoin products? Or will they be a disappointment? This is what you need to know. ๐
What effect will spot Ether ETFs' approval have on #Ethereum's price? #Bitcoin's price dropped after its spot ETFs approval, but it may be better not to jump to rash conclusions. https://t.co/KzqXQ0ChSv
Why the SEC approval of spot $ETH ETFs matters, by @anndylian Pros, cons, and everything in between ๐ https://t.co/PESogltP8p
๐Here's everything you need to know about the biggest stories from the past week. From Gary Genslerโs criticism of the FIT21 to Spot Ethereum ETFs' potential debut in mid-Juneโฆ #CryptoNews #CryptoRegulation #Bitcoin #Ethereum https://t.co/H8M1ywpAAE
Reason why I assume 20k+ ETH could be a realistic target this cycle: - ETF not yet priced in, likely lands somewhere around 5-6k (could easily be more) then on par with current BTC price - When BTC would do a 2-3x from here, ETH historically does double of that (4-6x) 1/2 https://t.co/U7OjOpdMUe
I think you guys shouldn't count out the possibility of ETH ETF potentially getting more flow than est. of15-20% BTC ETF AUM. Not a likely case but you may want to consider: - Equity market cap as a whole much larger than gold / bitcoin, justification for business > store ofโฆ
๐ The #Ethereum ETF: A New Chapter! ๐ The Ether #ETF could hit the market within weeks, maybe by August! Expected trading volumes is at 10-15% of what #Bitcoin ETFs saw initially. ๐ Read more about it: https://t.co/h5KUE5gfxe #Bybit #TheCryptoArk https://t.co/oRP5UZFGjI
During the past week: ๐น Spot $ETH ETFs were approved ๐น US politicians flipped their stance on crypto and agreed to create a regulatory framework ๐น Spot #Bitcoin ETFs saw $1B+ net inflows This is what institutional adoption looks like ๐ฅ
[BITWISE INTERVIEW] Bloomberg ETF analyst @JSeyff predicts that demand for spot #Ethereum ETFs could be 20% to 25% of what spot #Bitcoin ETFs attracted $ETH
Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. https://t.co/QJkRFaROjn https://t.co/up25mNGeTL
๐ Top #CryptoNews: Sat, May 25 (24H) 1๏ธโฃ Spot $ETH ETFs could see 25% of the demand of $BTC counterpart โ Bloomberg analysts 2๏ธโฃ #Ethereum Foundation considering formal conflict of interest policy after community backlash https://t.co/GJAazel4V1
Crypto Snapshot ๐น ETH ETF approved https://t.co/ZrrVVjwes7
โก๏ธ Bloomberg ETF analyst James Seyffart predicts demand for spot #Ethereum ETFs could hit 20%-25% of spot #Bitcoin ETF demand, given Ethereum's market size is about 30% of Bitcoin's. Limitations include the inability to stake and use on-chain utility.
#Eth ETFs are here, but can they match the hype of BTC ETFs? ๐ค Institutional interest seems lower for now, with ETH making up < 15% of HK assets. Analyst Eric Balchunas predicts ETH ETFs to capture only 10-15% of #BTC's. Can ETH ETFs defy predictions? Comment below https://t.co/CMS9MqeRua
Weekly market round-up This week has been another one for the books, and weโve witnessed a 180-degree turn for the future of crypto in the US. -All eight ETH ETFs have officially been approved by the SEC, which classifies ETH as a commodity (albeit not explicitly stated) -Theโฆ https://t.co/FJDjzFZdP3
๐ฅ Things Iโm looking at today ๐ฅ BTC hits $69k, FTX sells final SOL tranche, EPIK & TURBO soar Crypto * BTC: 69k (+3%), ETH: 3740 (+1%), SOL: 168 (+1%) * Top 100 gainers: CORE, UNI, ONDO, AAVE, IMX * BTC rises as ETFs see 10 straight days of inflows * BTC whales inโฆ https://t.co/6KkfwebVJ3