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Author Topic: After Bitcoin spot ETF, there is Ethereum spot ETF  (Read 434 times)
FanEagle
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May 25, 2024, 02:54:01 PM
 #61

This should definitely get the market going when it happens. Seems like it's not on its way just yet, and we are not seeing it change all that much, I feel like the most important factor to consider right now would be the fact that we are going to see bitcoin to have some increase along with this news as well. Whenever a new thing happens that makes people buy the price goes up, it's simple mathematics and there isn't a way to avoid that.

Also, ETH is not getting any ETF anytime soon, not like in the next three months or so, and we have the bull run coming so I am guessing that we are going to go up anyway, until the companies fill out forms and fix stuff and get approval, we will be already at the bull run and going high anyway.

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May 30, 2024, 03:46:40 AM
 #62

@FanEagle. Similar to what I have mentioned in another thread. The pattern on Ethereum's price after the approval of the spot ETF might be something similar to Bitcoin where there was sell the news from traders for 2 weeks. However, the inflows on the ETF began and this pumped Bitcoin from $38k to a new all time high. It would be very headshaking to speculate that Ethereum will not gather inflows from institutional investors.

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