Blackrock Ethereum ETF Filing

[bitgolden]

ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year.

Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing.

Do you think Ethereum will be approved first before  Bitcoin?
Or Bitcoin first then Ethereum?

And do you think after Ethereum is approved on their ETF, any other altcoins will follow too?

They haven't even got the greenlight on the bitcoin one yet, trying to get one for ethereum doesn't make sense to me at all. They need to focus their time into making sure that bitcoin gets accepted, use every employee on this to convince their own congressman to pressure the people who have the right to make this happen. I am not saying it would be easy or simple, but at the very least it would be time spent well.

It is used towards making an ETH version of their ETF that hasn't even gotten accepted yet, first get the bitcoin one accepted and starting, and see what you did to get accepted, then when you know that, you are going to have a better time to arrange something and could make it work a lot better on the long run.

[bluebit25]

Do you think Ethereum will be approved first before  Bitcoin?
Or Bitcoin first then Ethereum?

And do you think after Ethereum is approved on their ETF, any other altcoins will follow too?

It will still be the beginning of acceptance for BTC, and this is almost the main news that has caused the market to fluctuate recently, it is also possible that they will not be accepted soon but at the end of the day, I believe in Bitcoin spot ETF will be approved.

And once the above happens, large funds will continue to pay more attention to crypto, obviously those that stand out in this market will receive proposals. As in today we just had a rumor related to XRP (confirmed to be fake news), but I think this will be quite familiar in the future.

[tygeade]

Exciting times ahead. There's a lot of demand/interest from these big investment companies. It seems that Blackrock is getting deeper into the crypto craze. Other companies will follow if they see the SEC approving Blackrock's spot ETFs for both Bitcoin and Ethereum. I think a Bitcoin ETF will be the first thing to be approved, since BTC is the main cryptocurrency of interest. ETH is going to have to wait a little longer. If both ETFs are approved, we should expect a massive bull run for the aforementioned cryptocurrencies.

It's likely BTC will reach $100k, while ETH goes all the way to $10k per coin. This is all speculation, of course. No one can tell exactly where market prices will go. Yet, increased institutional demand/interest is a sign that crypto/Blockchain tech won't be going anywhere soon. We're still early adopters of the revolution, so hold on tight as this is going to be a wild ride.

Indeed exciting but we shouldn't hope too much because what if they deny it? It is still possible right? BTC is not new and people are not blind to not see its achievements and benefits, no wonder why the demand for it arises. For sure other companies can follow up once the ETF have been approved. If not, there might still be companies who will join BTC for other purposes. I also think BTC is going to be the first to be approved because it was the first one on the queue.

People are already expecting that BTC will reach $100k even before this ETF thing came, so you should increase your calls there. Crypto/blockchain tech won't obviously go anywhere, I mean they won't leave us because they are going to die but they will only grow or became stronger because the demand for them is also getting better. Crypto and blockchain are not new anymore, although yes some of us are early to adopt them.

[Silberman]

Exciting times ahead. There's a lot of demand/interest from these big investment companies. It seems that Blackrock is getting deeper into the crypto craze. Other companies will follow if they see the SEC approving Blackrock's spot ETFs for both Bitcoin and Ethereum. I think a Bitcoin ETF will be the first thing to be approved, since BTC is the main cryptocurrency of interest. ETH is going to have to wait a little longer. If both ETFs are approved, we should expect a massive bull run for the aforementioned cryptocurrencies.

It's likely BTC will reach $100k, while ETH goes all the way to $10k per coin. This is all speculation, of course. No one can tell exactly where market prices will go. Yet, increased institutional demand/interest is a sign that crypto/Blockchain tech won't be going anywhere soon. We're still early adopters of the revolution, so hold on tight as this is going to be a wild ride.

Indeed exciting but we shouldn't hope too much because what if they deny it? It is still possible right? BTC is not new and people are not blind to not see its achievements and benefits, no wonder why the demand for it arises. For sure other companies can follow up once the ETF have been approved. If not, there might still be companies who will join BTC for other purposes. I also think BTC is going to be the first to be approved because it was the first one on the queue.

People are already expecting that BTC will reach $100k even before this ETF thing came, so you should increase your calls there. Crypto/blockchain tech won't obviously go anywhere, I mean they won't leave us because they are going to die but they will only grow or became stronger because the demand for them is also getting better. Crypto and blockchain are not new anymore, although yes some of us are early to adopt them.

We need to also take into account when the ETF may be approved, if this happened during the bear market I would expect to see a rise on the price, but since I suppose there would still be a lot of fear lingering on the air due to the money investors lost at the time, the market will not grow as much as it could, however if a bitcoin ETF was approved during the bull run then its effects will be massive and it will without a doubt make the price of bitcoin to skyrocket almost instantaneously.

[Sayeds56]

ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year.

Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing.

Do you think Ethereum will be approved first before  Bitcoin?
Or Bitcoin first then Ethereum?

And do you think after Ethereum is approved on their ETF, any other altcoins will follow too?


https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilings

Certainly, while there are Undoubtedly some questionable projects in the altscoins space, there are also numerous worthwhile ventures led by by credible and professional teams. Examples include Ethereum, XRP, Slana, Dot, ADA and many mores. Regarding approval of Ethereum spot ETF requested by BlackRock, I am optimistic that it will be approved following appropriate  regulatory process. If successful, it will establish precedent for approval of other Alrcoins ETFs like Solana and Chain Link.

[fzkto]

ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year.

Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing.

Do you think Ethereum will be approved first before  Bitcoin?
Or Bitcoin first then Ethereum?

And do you think after Ethereum is approved on their ETF, any other altcoins will follow too?


https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilings

This news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock.

I think that $3k is not much for eth now. Especially since the hype around the etf will only get stronger. But until the etf is approved for bitcoin, it is too early to talk about possible developments for eth. I think we are seeing a local altseason so far and that's already good.

there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase.

ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned.

So that explains the recent rise in price. It's interesting to see more and more investment companies adopt cryptocurrencies; it means that we're moving towards a phase of accepting realizing that they're real assets, for those who have always doubted it. If Bitcoin is approved, then Ethereum will be approved too, for sure, and who knows, more cryptocurrencies might be listed in the future as well. However, $25,000 sounds like way too much. How much will Bitcoin be worth if Ethereum reaches that high? It's previous ATH sits slightly below $5,000; in my opinion, a more reasonable prediction would be around $7,000 to $8,000 tops.

It seems to me that global adoption of cryptocurrencies may not happen. It is hard to imagine how these assets will be traded on international exchanges when the influence of big players on the market is very big. Sometimes any major coin holder can influence the price in any direction. Hardly any serious investor would agree to risk large assets because of this. Although maybe bitcoin and ethereum will really gain the trust of Wall Street.

[nelson4lov]

That ETF filing for ETH came as a surprised to me. As someone that has used ETH and it's ecosystem since the days of ICOs down to the current age of L2s and Rollups battle, I'm excited for this ETF for Ethereum and I do hope that it would be approved. I have some conviction that as long as Bitcoin's ETF is approved, Ethereum's ETF will follow suit and eventually get approved jusding from its strong route abd resilience since the inception like Bitcoin. Ethereum is one of the very few blockchains that have held its place like Bitcoin has done.

The ETF approval should come around the same time after the halving for explosive moves.

[JayTrain]

It seems to me that someone is speculating well on this news, it is important to understand that this is not always necessary and is true.  But this news seems to be true, and this cannot be encouraging, any adoption of cryptocurrency always reacts positively to the market.  Let's hope that the rest of the ETF's applications are approved.

[karabiber]

 Recently, as far as I know, there were surveys on CoinShare where only 25% of the respondents got the Bitcoin ETF, while ETH got 75% of the respondents that it would approve of the ETF.

  So this Ethereum ETF filing is a pretty significant development in the crypto world. So Blackrock's entry into ETH could provide new investment and legitimacy for the asset. And of course, the implication of the Blackrock ETH filing in the ETF is to increase its institutional adoption and liquidity as well.

Bitcoin will be approved before Ethereum for spot ETF confirmation. Although the polls favor ETH, the traditional market has a different view of Bitcoin than Ethereum and sees Bitcoin as the primary investable asset. But it doesn't matter to me which one will be approved first. Because whichever one is approved first, the other one will follow. I fully support any decision that is positive for the market.
The crypto market is currently preparing for a historic milestone. If approved, these ETFs will not only offer regulated layout to Bitcoin and potentially Ethereum, but will also signify a broader acceptance of digital assets in traditional finance.

[Abiky]

there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase.

ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned.

$25k? That's an insanely-high price for ETH. It's like saying BTC will hit $1m after ETFs are approved. While ETFs are a great way to help increase mainstream adoption, there's a long road ahead before both BTC and ETH become extremely-valuable crypto assets. Right now, there are rumors of a spot ETF approval by the SEC. There's nothing officially confirmed yet. Prices only went up for a short period of time because of these rumors.

If the application process gets delayed by the SEC again, then we're back to "ground zero". I believe the US regulatory agency will approve a Bitcoin spot ETF first, paving the way for ETH and other cryptocurrencies. SOL's been doing well lately, but there are no intentions of launching a Solana spot ETF by Blackrock or any of the other prominent investment companies. The future is widely unpredictable, so we can only hope for the best.

[Andrija Branislav]

I think there is a lot pushing Ethereum technology forward, so this is a positive sign for Ether traders and investors. As @JayTrain wrote, not only are we seeing a wave of cryptocurrency speculation right now.

The future is widely unpredictable, so we can only hope for the best.

I believe there is still a lot of potential for the Ethereum currency to rise in Blackrock Ethereum ETF Filing.