After Bitcoin spot ETF, there is Ethereum spot ETF

[Nwada001]

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.

We should expect the worst at any moment. What happened with bitcoin ETF approval should also be a lesson to many. If we recall very well, there were also pumps in the market when the chances of its approval skyrocketed.
 
and we see Bitcoin break a new ATH due to the hype that the news caused at that time, but immediately after the approval news was made public, we saw a different tune in the market. Such might also happen with Eth, or we might see a positive change too. Any of them, which takes turn, is more than welcome. 

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!

Lol, I don't even think they have any other choice than to approve it; there is already so much pressure on them, and they will have to face more if they ever pick up any reason not to approve eth ETF.

[Synchronice]

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!

Gary is a pure hypocrisy. I remember that he stated he was very much against Bitcoin ETF but was forced to submit it but then said that Bitcoin is the only thing that will get ETFs and no other cryptocurrency should expect the same treatment but now, months later, he will submit Ethereum ETF, that's a pure hypocrisy.
Trust me mate, Ethereum ETFs will be 100% confirmed. SEC contacted exchanges to update spot Ether ETF applications, they did this exactly before the Bitcoin ETF approval. Also, DTCC listed VanEck spot Ethereum ETF and the way price is pumping up, I believe the positive decision is made and it's already leaked in an inner circle.

[peter0425]

and we see Bitcoin break a new ATH due to the hype that the news caused at that time, but immediately after the approval news was made public, we saw a different tune in the market. Such might also happen with Eth, or we might see a positive change too. Any of them, which takes turn, is more than welcome. 

Yup, I do remember that time and people losing confidence about bitcoin just because it did not immediately reach their expectations after it was confirmed. Remember that all kinds of speculation roam around at all times regarding bitcoin and cryptocurrencies. These speculations sometimes get over other people’s heads and they either buy or sell according to what kind of news they hear,

It’s better to keep your head down and just not listen to those. Stick to your plans.

[betswift]

and we see Bitcoin break a new ATH due to the hype that the news caused at that time, but immediately after the approval news was made public, we saw a different tune in the market. Such might also happen with Eth, or we might see a positive change too. Any of them, which takes turn, is more than welcome. 

Yup, I do remember that time and people losing confidence about bitcoin just because it did not immediately reach their expectations after it was confirmed. Remember that all kinds of speculation roam around at all times regarding bitcoin and cryptocurrencies. These speculations sometimes get over other people’s heads and they either buy or sell according to what kind of news they hear,

It’s better to keep your head down and just not listen to those. Stick to your plans.

Need to add good words Buy the rumors, sell the news!

[pawanjain]

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.

We should expect the worst at any moment. What happened with bitcoin ETF approval should also be a lesson to many. If we recall very well, there were also pumps in the market when the chances of its approval skyrocketed.
 
and we see Bitcoin break a new ATH due to the hype that the news caused at that time, but immediately after the approval news was made public, we saw a different tune in the market. Such might also happen with Eth, or we might see a positive change too. Any of them, which takes turn, is more than welcome. 

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!

Lol, I don't even think they have any other choice than to approve it; there is already so much pressure on them, and they will have to face more if they ever pick up any reason not to approve eth ETF.

They are saying that ETH ETF will be announced around 8 pm UTC today (23 May).
It's almost ascertain now that the ETH ETF will be approved and that's the reason of a strong pump now.
It's quite obvious that ETH price will start pumping hard once the ETF is approved.
Strong inflows will happen over the next few weeks increasing the crypto marketcap harder.

[DeathAngel]

According to sources in the media we could get the decision from the SEC within the next 2 hours. I didn’t think it would be this easy to get a Spot ETF for Ethereum but it looks likely there could be approval today.

[Orpichukwu]

They are saying that ETH ETF will be announced around 8 pm UTC today (23 May).
It's almost ascertain now that the ETH ETF will be approved and that's the reason of a strong pump now.
It's quite obvious that ETH price will start pumping hard once the ETF is approved.
Strong inflows will happen over the next few weeks increasing the crypto marketcap harder.

Just a few hours for us to know the final decision of the SEC towards Eth ETF, and the price of Eth and other crypto have already started declining, are shot-time investors afraid of what will be the outcome that makes them start selling off or their belief of what will happen with Bitcoin ETF to also happen today? If the market drops down more than it is right now and ETH ETF finally gets approved, we might start to record it as a regular thing or anything any crypto asset is approved for ETF.

[Synchronice]

According to sources in the media we could get the decision from the SEC within the next 2 hours. I didn’t think it would be this easy to get a Spot ETF for Ethereum but it looks likely there could be approval today.

I think that they'll approve Ethereum ETFs. Gary Gensler probably doesn't want to approve it but there is a pressure and in case of Bitcoin, he was forced to approve it, I think he will be forced today too, there is a money on the scale that matters more than Gary's opinion. By the way, I think that there is another problem for SEC and Gary, if they approve Ethereum ETFs, there will be a wave of unlimited number of cryptocurrency ETFs to be filled and approved. What will be next? Solana, Ripple, Doge, Cardano, Shib, Pepe, Polkadot, Tron, Bitcoin Cash, Litecoin, Matic, Dai and the list goes on. It will be a nightmare for a guy like Gary who doesn't like Cryptos but it is what it is. I still think that Ethereum ETFs will be approved because there is an interest and also everything that happened recently for me indicates that it's already approved and we are only waiting for an official announcement.

[DiMarxist]

There is a breaking news all over my social media platforms that sec and Ethereum ETF discussion is on the pipeline and any moment from now everything will be alright and the price of Ethereum will rise up to it all time high. And if you noticed I this days the price of Ethereum is not declining like before again even though bitcoin is coming down. If was like before as bitcoin is coming down from the $70k to $66k now, Ethereum would reached $3,400 but since it is only 2% that have left from the price.
If the Ethereum ETF has approved today then the price will do well.

[d5000]

19b-4 filings were approved just an hour or so ago.

If the S-1 filings are approved (can take weeks still), this will make the US the fourth country to have spot Ethereum ETFs, after Brazil, the UK (Bermuda), and China (Hong Kong).

Price is quiet until now, but somewhat of a pump occurred today earlier, when the SEC had already given clear hints that the approval was coming soon. I think however the ETH price in Bitcoin and the dominance could go up to 2023 levels (dominance of around 20% and BTC price of 0.006 approximately, which would be around $4000 at current Bitcoin prices). The reason for this prediction is that the ETH ETF approval means that the field would be "leveled" again between BTC and ETH as it was before the Bitcoin ETF approvals, but then Bitcoin was able to take some advantage since January which caused the dip below 0.005 in ETH/BTC price.

The 2021 ATH is however still relatively distant, at approximately $4880. I think if Bitcoin breaks its own ATH and goes over $75000, then also an ETH ATH is possible relatively soon.

[tabas]

I've read it on several sources and headlines that this Thursday, the US SEC approved Ethereum Spot ETF.

• https://www.reuters.com/technology/us-sec-approves-exchange-applications-list-spot-ether-etfs-2024-05-23/
• https://cointelegraph.com/news/sec-spot-ether-etf-approved
• https://www.cnbc.com/2024/05/23/sec-approves-rule-change-to-allow-creation-of-ether-etfs.html

I guess that this is where the trend goes for the crypto market. There is another rumor although this ETH ETF is no longer a rumor, that a Solana spot ETF might be applied soon. But that's still a rumor, so with this approval for ETH etf could be a sign for it.

[Tipstar]

19b-4 filings were approved just an hour or so ago.

If the S-1 filings are approved (can take weeks still), this will make the US the fourth country to have spot Ethereum ETFs, after Brazil, the UK (Bermuda), and China (Hong Kong).

Price is quiet until now, but somewhat of a pump occurred today earlier, when the SEC had already given clear hints that the approval was coming soon. I think however the ETH price in Bitcoin and the dominance could go up to 2023 levels (dominance of around 20% and BTC price of 0.006 approximately, which would be around $4000 at current Bitcoin prices). The 2021 ATH is however still relatively distant, at approximately $4880.

The price pump in ethereum had been going on for a week now. I was looking everywhere why is the volume and price of Ethereum has been increasing but there were no news of immediate listing of ETH ETFs. There had been talks about it for months now but the people knowing the fact moved the market first than came the news of the listing.
I happen to jump into ETH just recently and as the news goes to everyone, the price ought to further increase. My target for now is the all time high as even if it didn't reach immediately, the price would keep increasing as people gets to buy the ETF.

[Bureau]

After the ETF approval which has already happened now the price of Ethereum will easily go beyond its ATH. It will take time like it did for Bitcoin but it is surely going to happen as out of the 8 approval there are there is one of BlackRock and there is one of Fidelity. BlackRock Bitcoin ETF has been doing better that others. I think they will be doing better with Ethereum ETF. I am assuming both Bitcoin and Ethereum will be now dominating the crypto market.

[bbc.reporter]

19b-4 filings were approved just an hour or so ago.

If the S-1 filings are approved (can take weeks still), this will make the US the fourth country to have spot Ethereum ETFs, after Brazil, the UK (Bermuda), and China (Hong Kong).

Price is quiet until now, but somewhat of a pump occurred today earlier, when the SEC had already given clear hints that the approval was coming soon. I think however the ETH price in Bitcoin and the dominance could go up to 2023 levels (dominance of around 20% and BTC price of 0.006 approximately, which would be around $4000 at current Bitcoin prices). The reason for this prediction is that the ETH ETF approval means that the field would be "leveled" again between BTC and ETH as it was before the Bitcoin ETF approvals, but then Bitcoin was able to take some advantage since January which caused the dip below 0.005 in ETH/BTC price.

The 2021 ATH is however still relatively distant, at approximately $4880. I think if Bitcoin breaks its own ATH and goes over $75000, then also an ETH ATH is possible relatively soon.

I was very much mistaken hehe. My prediction was uncle Gary would postpone approval similar to what he has done on bitcoin. However, it appears that according to some rumors on social media, the Democrats are beginning to have a procrypto agenda because Trump has become more popular caused by his procrypto statements in his speeches. This is headshaking because the cryptospace has become a political theatre for collecting votes for the presidential election on November hehehe.

[highalch]

For those expecting some kind of salvation from today's SEC decision,
don't forget that trading volume for previously existing futures-based ETH ETFs were already underwhelming.

[God bless u]

I am creating this thread for us to begin our speculations and discussions for Ethereum's spot ETF. Similar to the speculation on Bitcoin's spot ETF, there are big institutional investors that also want this for Ethereum.

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?

approval for ETF of ETH will bring life to crypto world again after all that dumps. People are losing interest into useful altcoins and they're more focused on memecoins just because of their high volatility.

I hope that people well be reverted back to coins like ETH  and they'll not promote projects of meme coins that have no useful ness. Just in search of profits people prefer them .

[highalch]

and they'll not promote projects of meme coins that have no useful ness

Without memecoins, activity on Ethereum would be cut in half. Even if you don't personally trade them, they contribute to the health of the network.

[pawanjain]

They are saying that ETH ETF will be announced around 8 pm UTC today (23 May).
It's almost ascertain now that the ETH ETF will be approved and that's the reason of a strong pump now.
It's quite obvious that ETH price will start pumping hard once the ETF is approved.
Strong inflows will happen over the next few weeks increasing the crypto marketcap harder.

Just a few hours for us to know the final decision of the SEC towards Eth ETF, and the price of Eth and other crypto have already started declining, are shot-time investors afraid of what will be the outcome that makes them start selling off or their belief of what will happen with Bitcoin ETF to also happen today? If the market drops down more than it is right now and ETH ETF finally gets approved, we might start to record it as a regular thing or anything any crypto asset is approved for ETF.

The ETH ETF application is now approved but only the 19-b form is approved yet while the S-1 is pending.
This basically means that while the ETH ETF application is approved the exchanges still need to launch the ETFs which are still pending.
Only when the exchanges launch the ETFs the investors can dive deep into it and then cash will pour into ETH ETFs.
There is still few weeks left for this and only then we can see a huge spike in ETH price.

[Synchronice]

I was very much mistaken hehe. My prediction was uncle Gary would postpone approval similar to what he has done on bitcoin. However, it appears that according to some rumors on social media, the Democrats are beginning to have a procrypto agenda because Trump has become more popular caused by his procrypto statements in his speeches. This is headshaking because the cryptospace has become a political theatre for collecting votes for the presidential election on November hehehe.

Gary didn't want to approve Bitcoin ETFs and he said that publicly that he was forced to approve it, if it was his own wish, he wouldn't approve. As I remember, he later stated that he wouldn't approve any other cryptocurrency ETFs because crypto is too volatile and dangerous, it's easy to manipulate with it and so on. Definitely, since Ethereum ETFs were submitted, I knew for sure that they would get approved, the whole scenario was copy/paste of Bitcoin ETF approval process but I was wrong about Gary, I thought that he was a hypocrisy and he would vote for Ethereum ETF approval but he didn't, spot Ethereum ETFs were approved by the Trading and Markets Division of the SEC.
This is definitely a political theater like you said.

[bbc.reporter]

and they'll not promote projects of meme coins that have no useful ness

Without memecoins, activity on Ethereum would be cut in half. Even if you don't personally trade them, they contribute to the health of the network.

Memecoins activity is presently leaving Ethereum and much of their creators and much of the traders who like gambling on them are on Solana already. The fees are smaller and the execution of the trades are faster.

In any case, for the people who are scratching their heads why the ETF approval became a dump the news signal, let us tell them that it was a similar occurrence in bitcoin. After the dump, bitcoin pumped for 6 months hehehehehe.