After Bitcoin spot ETF, there is Ethereum spot ETF

[bluebit25]

I think it will be the same as the Bitcoin ETF being approved but it will have different rejections creating volatility in the market, but eventually the ETH ETF will be approved. It reminds me of the gold ETF phase followed by the silver ETF phase, actually maybe in the crypto space adoption is more important because we have gone through so many different challenges, and especially in the crypto space. During the period where the market is currently in an uptrend, large funds will also benefit from that, it's just that the specific time for acceptance is still at the speculative level.

[Bulltard]

good bullish thread:
https://twitter.com/VivekVentures/status/1789161576987054271

[goaldigger]

I don’t think it will be granted already. And if it makes it way through and get granted, then that’s it for a while because approving ETF has to do with trust for that coin/token and these people do not completely have that trust due to cryptocurrency’s volatile nature. I also think another reason would be to monitor the approved ones and know if they made a good decision before they can move on to more.

This one will be a big challenge for ETH to prove their worth, and asking SEC for the ETF approval is not easy at all and even if BTC ETF was approve, there’s no guarantee that ETH will get the same approval. Though, if ever this one will push through, it will be a big update for ETH and we might see its bullish trend again, so its also ok to have some holdings now before the hype started.

[johnsaributua]

The greater the love for hodl ethereum, even though the provider is not from the dev but ethreum is recognised for its greatness in the altcoin genre. For me, ethreum fans (whale) want to register and fight for ethreum so far it's a fragrant aroma, they are entities that can be calculated for their wealth. In addition, new projects are also still often used even if only for gas fees. Regarding etf even though we haven't got good news but people are not affected by the delay. For me this is like bait, but ethreum buyers know when to buy without any momentum in advance. Moreover, ethreum if owned by an exchange/service provider (in etf) is certainly vulnerable if fud attacks 1 of them there will be a price break depending on the eth they have to trade for personal use even though it is intended for the public. While waiting for the etf to come, ethreum transactions are still going well.

[poodle63]

Ethereum really needs all these good things together, ETF, LSTs, restaking platform, high TVL and so on, right now the price of ethereum started to tanking, not to be pessimistic but probably due to there's so many fud about how ethereum ETF is gonna be declined for some reasons.
though I don't buy that kind of FUD because i know very well how good the ethereum has been so far that its among the most sought after coin.

I don’t think it will be granted already. And if it makes it way through and get granted, then that’s it for a while because approving ETF has to do with trust for that coin/token and these people do not completely have that trust due to cryptocurrency’s volatile nature. I also think another reason would be to monitor the approved ones and know if they made a good decision before they can move on to more.

This one will be a big challenge for ETH to prove their worth, and asking SEC for the ETF approval is not easy at all and even if BTC ETF was approve, there’s no guarantee that ETH will get the same approval. Though, if ever this one will push through, it will be a big update for ETH and we might see its bullish trend again, so its also ok to have some holdings now before the hype started.

if ETH somehow gets approved other altcoins will also try to get the ETF approval.
I guess this is why ethereum ETF is so crucial, if its get disapproved instead though it might not be a good news for ETH, the price probably gonna be sub $2.9k which i think already not a good sign.

[oktana]

I don’t think it will be granted already. And if it makes it way through and get granted, then that’s it for a while because approving ETF has to do with trust for that coin/token and these people do not completely have that trust due to cryptocurrency’s volatile nature. I also think another reason would be to monitor the approved ones and know if they made a good decision before they can move on to more.

This one will be a big challenge for ETH to prove their worth, and asking SEC for the ETF approval is not easy at all and even if BTC ETF was approve, there’s no guarantee that ETH will get the same approval. Though, if ever this one will push through, it will be a big update for ETH and we might see its bullish trend again, so its also ok to have some holdings now before the hype started.

Doesn’t matter if they approve it or not, ETH will definitely be bullish. Before the ETF idea, it has climbed heights just like Bitcoin, ETF disapproval wouldn’t stop that. And I believe that if it gets approved, the bull run won’t happen as you think. It’ll take time for investors to step in, that’s how its value will increase.

[d5000]

Will this be similar to Bitcoin spot ETF where uncle Gary always postponed approval?

AFAIK the ETF decision on May 23 cannot be posponed, the SEC will have to take a decision. I've read several opinions that the probability of approval is relatively low, for example Bloomberg analyst Eric Balchunas said something like "25%" a couple of weeks ago.

The question is of course the same than ever: is Ethereum a security or a commodity? The SEC's stance on that seems to be still unclear. The premine and ICO are of course an indicator that it could pass the Howey Test.

If an ETF is approved, then there may be another question: will it be a success? There is the quite big problem that an Ethereum ETF would structurally underperform both compared with ETH holders and ETH financial products which allow staking (there are several ETPs offering this), due to the PoS rewards. There were ETF applicants which intended to integrate staking into their product, but only two days ago, two of them, 21Shares and ARK, have updated their filings and removed their staking plans.

On the other hand this could be a good sign that there was already communication from the SEC, that only the staking plans would need to be abandoned to give green light. This would essentially mean "allow them, but keep them small."

[jaberwock]

After reading this topic where I saw big financial institutions showing interest in getting approval for the Ethereum ETF from the SEC, I did a few Google research to see the possibility of approval and found it highly unlikely. The reason has targeted defi by suing uniswap which we all know uses Ethereum blockchain.

I think this has nothing to do with the issue of DeFi or Uniswap because ETH do also have a world on its own, just like Bitcoin but even BTC has a lot of issues too in the past, yet look where it is now? So if BTC can do the impossible, then I'm sure ETH can do it too because both are the giants and highly reputed here in crypto.

I think it will take some time more for an Ethereum ETF approval and it will not happen in May for sure.

I thought it was high unlikely like you said earlier? So, you did changed your mind now? That was quick but yeah, things like this ETF approval is not easy but it's a complicated process, much more in cryptos, as we all know that many people are still against them. We are not in a hurry though, so it's completely fine and it's even fine if ever it will not be accepted. ETH can still do better on its own.

[bbc.reporter]

Gensler will not likely postpone this time. he sees ETH ETF was already trading in Hong Kong, if the counterpart is already doing it, they might as well approve.

However, uncle Gary does not care about this Hong Kong ETF because he is an anticrypto chairman of the SEC. He was crying when he was forced to approve the spot ETF for Bitcoin, giving it many postponements and delays. He also mentioned that Ethereum is an illegal security. Similar to what I have already speculated, this will be delayed until August7. This is the final application schedule of Blackrock and he will approve this. Uncle Gary does not want to anger Larry the new mayor of Bitcoin hehehehe.

exactly. Larry is more powerful than the President of the United States. i don't think Gary will ever have anything to do with the SEC once Larry is disappointed. this guy is likely the one running the entire show and deciding whether the war in Ukraine is to be stopped or not.  Gary may not care about Narnia grabbing ETH in Hongkong but Larry and his friends are up to it. they probably have ETH already since the time ETH was just $1000.

iShares ETH Trust will be on Aug 7. but Gary will approve VanEck, ARk which Hashdex, Grayscale, Fidel and Blackrock will dump their ETH holdings they bought at $1000.  which price will dip to $2200. just my gut feeling 

If uncle Gary approves one application for the spot ETF for Ethereum, then he will certainly approve all of the other applications very much similar on how it has occurred on bitcoin.

In any case if uncle Gary approves everything on May 23, this will certainly be a very bullish signal for the Ethereum ecosystem.

@Ethereum experts. What are the tokens that might pump faster than ETH if the approval occurs on May 23?

[siniminomorocomunisakito]

If uncle Gary approves one application for the spot ETF for Ethereum, then he will certainly approve all of the other applications very much similar on how it has occurred on bitcoin.

In any case if uncle Gary approves everything on May 23, this will certainly be a very bullish signal for the Ethereum ecosystem.

Surely. if he presses enter the price of eth will fly and the ETH community will rejoice because previously the ETF for BTC has been legalized and now the Ethereum ETF giiran.

I am optimistic that this was approved by Uncle Gary as scheduled.

Let's prepare.. .

[GreatArkansas]

Similar big names are applying. Blackrock, Fidelity, Ark and Vaneck. The next scheduled application is on May 23. Will this be approved or not? Will this be similar to Bitcoin spot ETF where uncle Gary always postponed approval?

Wow, this is really fast, just in case this is true and will approved easily. I was not expecting that Ethereum ETF will come at very short period of time, because before after Bitcoin ETF approved, I was really positive Ethereum will get also but not at very short time and I was expecting like years after.

[bbc.reporter]

@siniminomorocomunisakito, @GreatArkansas. On the speculation if the spot ETF for Ethereum will be approved or not, the people does not appear to be very optimistic if we observe the market price for Ethereum. If everyone was very much bullish for the ETF there certainly will be a pump. There is presently no hype for this. I predict that if approved, it might have 2 or 3 months before we witness a pump because of the twaps from the investors from traditional finance. It will not be similar to the occurrences after the spot ETF for bitcoin.

[bbc.reporter]

It is only 2 days before uncle Gary's decision on the spot ETF for Ethereum hehehhe. It also appears that the rumors that an approval will occur in increasing. Polymarket has increased the possibility that it might be approved from 10% to 61%. I am not quite certain how these markets are accurate, however, if there is much money behind this then these bettors might be serious on this.

https://polymarket.com/event/ethereum-etf-approved-by-may-31/ethereum-etf-approved-by-may-31?tid=1716255934738

[Nwada001]

It is only 2 days before uncle Gary's decision on the spot ETF for Ethereum hehehhe. It also appears that the rumors that an approval will occur in increasing. Polymarket has increased the possibility that it might be approved from 10% to 61%. I am not quite certain how these markets are accurate, however, if there is much money behind this then these bettors might be serious on this.

https://polymarket.com/event/ethereum-etf-approved-by-may-31/ethereum-etf-approved-by-may-31?tid=1716255934738

We should also not forget this tweet.

https://x.com/JSeyff/status/1792636774067413502

Eric and James, who are well-known ETF analysts, made a tweet a few hours ago showing & increasing their prediction on the chance of ETF approval to 75%, which was also announced on Bloomberg.
 
A few hours after the news was speculated, we started seeing the turn-up on the market. Eth already crossed $3700 from $3100, which it was trading earlier, and Bitcoin hit $71,000+, and we are still counting other alts that were also not left out.
 
I just hope this pump doesn't stop half way or the market takes another turn immediately after the ETH approval, just like what happens with Bitcoin.

[laijsica]

If uncle Gary approves one application for the spot ETF for Ethereum, then he will certainly approve all of the other applications very much similar on how it has occurred on bitcoin.

In any case if uncle Gary approves everything on May 23, this will certainly be a very bullish signal for the Ethereum ecosystem.

Surely. if he presses enter the price of eth will fly and the ETH community will rejoice because previously the ETF for BTC has been legalized and now the Ethereum ETF giiran.

I am optimistic that this was approved by Uncle Gary as scheduled.

Let's prepare.. .

Definitely so! For the future the height of ETH is rising and I am optimistic that the bullish season. Start buying from bearish before arrival and Australia ETF approval application will not return.

We should prepare.

[woez]

It is only 2 days before uncle Gary's decision on the spot ETF for Ethereum hehehhe. It also appears that the rumors that an approval will occur in increasing. Polymarket has increased the possibility that it might be approved from 10% to 61%. I am not quite certain how these markets are accurate, however, if there is much money behind this then these bettors might be serious on this.

https://polymarket.com/event/ethereum-etf-approved-by-may-31/ethereum-etf-approved-by-may-31?tid=1716255934738

Nevertheless, postponed or not, I think Ethereum fans are also really enjoying the current moment and there are quite a lot of ETH investors out there who are waiting for an ETF to be approved for Ethereum.

Yes. The price of ETH has risen quite strongly if we pay attention in the near future.

[bbc.reporter]

It is only 2 days before uncle Gary's decision on the spot ETF for Ethereum hehehhe. It also appears that the rumors that an approval will occur in increasing. Polymarket has increased the possibility that it might be approved from 10% to 61%. I am not quite certain how these markets are accurate, however, if there is much money behind this then these bettors might be serious on this.

https://polymarket.com/event/ethereum-etf-approved-by-may-31/ethereum-etf-approved-by-may-31?tid=1716255934738

We should also not forget this tweet.

https://x.com/JSeyff/status/1792636774067413502

Eric and James, who are well-known ETF analysts, made a tweet a few hours ago showing & increasing their prediction on the chance of ETF approval to 75%, which was also announced on Bloomberg.
 
A few hours after the news was speculated, we started seeing the turn-up on the market. Eth already crossed $3700 from $3100, which it was trading earlier, and Bitcoin hit $71,000+, and we are still counting other alts that were also not left out.
 
I just hope this pump doesn't stop half way or the market takes another turn immediately after the ETH approval, just like what happens with Bitcoin.

75% is very high and this is almost a certainty if Eric and James increased this by 3x from their original estimations. The prediction market in Polymarket has also increased to 69% from 61%. We can presently be certain that we will witness another pump after approval or a dump of disappointment after rejection or postponement heheheh.

In any case, agreed! I also wish this pump will not stop! If uncle Gary rejects this or postpones, I wish all of the Democratic candidates will lose on November!

[DeathAngel]

If approved it will be huge for Ethereum & ERC-20 tokens. I really have my fingers crossed for this, it will be a big driver for a really good Altcoin bull run. I don’t want to get my hopes up too much but this could change our lives.

[avikz]

If approved it will be huge for Ethereum & ERC-20 tokens. I really have my fingers crossed for this, it will be a big driver for a really good Altcoin bull run. I don’t want to get my hopes up too much but this could change our lives.

ETH might get a boost but I don't thing any other altcoins will get any benefit out of ETH ETF. Such kind of investment instruments are not really helpful and also increases corporate interference into the crypto market. Personally, I don't like when deep-pocket corporates get into a market which is supposed to be free and made for the people. Corporates have so much money, they can easily buy a huge amount of coins which can give them the power to control the market at their own will. The next appointment is scheduled for tomorrow, let's see what happens!

 

[d5000]

ETH might get a boost but I don't thing any other altcoins will get any benefit out of ETH ETF.

If the ETH ETFs are approved then there is a high possibility we will see also other altcoin ETFs. The reason it was delayed compared to Bitcoin wasn't that ETH is second in market cap, but the internal discussion inside SEC if PoS altcoins with premines are commodities or securities. The ETH distribution model - a premine, then PoS or perhaps a little bit of PoW too - is used by 95% of all altcoins, so if ETH is a commodity, most other alts are commodities too.

That alone could give a boost to bigger altcoins, and the Solana pump the same day Ethereum pumped was probably caused by that feeling. By market cap Solana would be the next altcoin to "merit" an ETF in the US - BNB is IMO too centralized as it's managed by a single company, Ripple probably too.

About a possible bad influence of "deep pockets" as holders: I believe in general this influence is neutral. Bitcoin for example has already some investments of "deep pockets", and that didn't prevent the developers to add privacy-relevant features like Taproot. In PoS altcoins like Ethereum there could be in theory more interference by the holders, for example regarding censorship of certain transactions. But a lot of deep pockets would have to agree for that.