Following the approval of Bitcoin spot ETFs in the United States on Jan. 10, the crypto ecosystem is anticipating Ethereum ETF approvals. The U.S. SEC Commissioner Hester Peirce mentioned that the approvals for Ethereum ETFs will differ from those of Bitcoin. Rumors suggest that the $ETH ETF might be approved as early as May. The market reaction to Ethereum's spot ETF approvals is expected to be different from Bitcoin's due to regulatory concerns. It is speculated that the BlackRock spot $ETH ETF will be approved in May, potentially attracting institutional capital. The comparison is drawn to the slow market bid following BlackRock's initial filing for the BTC spot ETF, indicating a similar trend for Ethereum. The potential gains for Ethereum ETF trade are questioned compared to other options like SOL, with doubts about the reception of this perspective in the community.
btwn june 15 when blackrock announced etf application and etf going live on jan 11, btc went +85% or so. sol +260% in same time period. so idk why i would long eth for eth etf trade and not sol. but somehow feels like the tl wont like this take
Pretty sure the SEC isn't handing huge Democrat donor Larry Fink his 2nd ETF denial ever in an election year. The BlackRock spot $ETH ETF is getting approved in May. That's 4 months from now. 1 month after the $BTC halving.
I remember when BlackRock initially filed for the BTC spot ETF around $25k and how slow the bid came to the market in the proceeding days. Ethereum here feels the exact same.
The $ETH ETF narrative is starting Rumors are approval as soon as May. If true, hold on tight, the last 3 months have only been a test pump.
The market reaction to $ETH's spot ETF approvals will be much different than $BTC's because of the general fud around $ETH's regulatory status. Approvals will simultaneously clear the air and provide the appropriate investment vehicle for institutional capital to pour in.
Hey crypto fam, Following the Bitcoin spot ETF approvals on Jan. 10 in the United States, the crypto ecosystem has been witnessing imponderable moves. Last week, the U.S. SEC Commissioner Hester Peirce stated that Ethereum ETF approvals will be much different than those ofโฆ