US Spot Ethereum ETF

[FortuneFollower]

The fact that we somehow managed to get this doesn't mean that it is a great thing, it also means that we are going to end up with a good result if we want to and we shouldn't really do anything about any of this, we need to consider how this could be a bigger deal if we do what we do knowing what we are going to get.

If we have no idea about what the future of ETH futures looking and ETF seems like a questionable thing then we do not need to invest into that, and this is what the investors are doing.

Bitcoin is the one everyone loves and because of that I think there is really not a big deal about this that makes it questionable for anyone. If you get to do Bitcoin ETF, then why would you want to do ETH ETF as well, that's the deal.

Many of the whales who did not buy coins directly, ended up buying the ETF and they prefer bitcoin over ETH easily, everyone does that in crypto too that's why bitcoin has higher marketcap, and I think it's clear that we will be getting not that many investments at ETH ETF.

ETFs are anyway for the whales, thus, we can only observe how it affects the market on which we are in

[DeathAngel]

I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

[nelson4lov]

I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

I was a big believer of the ETH ETFs and I'm down bad for it. It seems a lot of it was a "sell the news" event after all. If ETH ETFs came in 2021, the prices would've been alot higher. But it's not. I think part of the reason is that there's isn't enough tradfi liquidity for Both Bitcoin and Ethereum at the moment. That, and couple with the fact that Ethereum have had no major upgrades that specifically targets their L1. I know there was an update that made tx costs cheaper across L2s on ethereum but then it has made Ethereum to become inflationary again. Why buy ETH when you can just stick to your fiat that has stood the test of time.

[TastyChillySauce00]

I’ve been reading that it’s been a busted flush, not even close to the inflows & volumes that Spot Bitcoin ETFs have seen. It’s still early but perhaps the institutional demand for Ethereum just isn’t there. Markets look like crap though so we should probably revisit this at the end of 2025 when the peak bull market should have been.

ETH ETF is just that bad



too much outflow compared to inflow, it's a sign that the ETF ETH is a failure, though maybe it's because the bad sentiment and the fact that there are many fuds about ethereum that doesn't help with the situation.
but overall it's weaker than I expected.

probably the fact that by holding ETH we can stake in through LST and double the profit instead of buying ETF means there's lost opportunity right there and that might be the culprit why people avoid ETH ETF.

[jaberwock]

https://www.coindesk.com/markets/2024/01/12/blackrock-ceo-larry-fink-backs-ether-etf/
"BlackRock CEO Larry Fink Backs Ether ETF
The asset management giant may now be looking to list an equivalent product for ether, the native token of the Ethereum blockchain, as part of its ongoing journey toward tokenization."

If BlackRock is interested, at this rate we could see it in a few quarters. Ethereum price could rise to $3,500

ETF's are not just for whales, you can invest into ETF's with just mere thousands as well, and if you think that a few thousand dollars is being a whale, then you will be shocked how many whales are there.

I consider a whale is someone who can put a million dollars into bitcoin without thinking, which means that he has that much cash laying around for something, it doesn't mean that he has only a million dollars, he probably has a lot more and he is only putting that much into bitcoin or it could be ETF for btc or eth as well. This is why I think we should be more careful with what we are doing, I believe that the best thing we can do right now would be just looking at our own investments and not watch what others are doing.