Ethereum ETF to start trading 2nd July?

[JamesDaniel90]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

[pakhitheboss]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

While Mt Gox will start supposedly repaying the victims BTC14000 worth approximately 9 billion USD from July, the good news that you have delivered might help the market from crashing like it did in early 2018. I still remember after Bitcoin made a big milestone in December of 2017 those who were holding Bitcoin from 2009 sold a few and the price of Bitcoin went to $3,709.

That according to me would be one of the biggest crashes. The reason is that after a successful ATH, the price of Bitcoin was 73 percent down. I do not think that the price of Bitcoin will go down so much after the victims of 2014 recieve their Bitcoin. Still, there is hope that if Ethereum ETFs get the same response as Bitcoin ETFs then there is a chance that alt season will start. That will concurrently hold the overall cryptocurrency market.

[o48o]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

While Mt Gox will start supposedly repaying the victims BTC14000 worth approximately 9 billion USD from July, the good news that you have delivered might help the market from crashing like it did in early 2018. I still remember after Bitcoin made a big milestone in December of 2017 those who were holding Bitcoin from 2009 sold a few and the price of Bitcoin went to $3,709.

That according to me would be one of the biggest crashes. The reason is that after a successful ATH, the price of Bitcoin was 73 percent down. I do not think that the price of Bitcoin will go down so much after the victims of 2014 recieve their Bitcoin. Still, there is hope that if Ethereum ETFs get the same response as Bitcoin ETFs then there is a chance that alt season will start. That will concurrently hold the overall cryptocurrency market.

It definitely will be. When Mt.Gox hacked, bitcoin was worth something like $500-600. And now they are paying with btc. I would be seriously stunned if majority of the recievers wouldn't sell with current price when majority of people that holded back them sold majority of their bitcoin ages ago. And if bitcoin is keeps being the king of cryptos in marketcap that leads the way, ETH will either sunk with it, or starts seperate trend with other altcoins, leaving BTC behind. But i have hard time to believe it.

And this will drop BCH for sure.

[kotajikikox]

What is everyone's thoughts? will this make much of a difference to current market conditions?

It’s possible that due to all these speculations it turns the market around.

Everyone remembers that bitcoin was rising because of all the rumors of etf approval and when it finally got approved, the market did not really rise as much as people expected. So it is possible that people are now more hesitant in buying as they compare bitcoin etf to that of eth.

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

Same here it’s about time we see some profits

[el kaka22]

If it works very well and actually happens, then we are going to see an increase without a doubt. Look at what happened with bitcoin ETF, so we have seen the price go up a lot and the price was good for a while, we should probably expect about the same thing after this as well. That is why I think it's clear that we are going to probably end up with a good result, we just need some time for it.

I think it's clear that we are going to see some good return about it, we just need to know what we are doing. This is how things are looking at the moment, and if we know what we are doing, and if ETH does end up get what they want, then we are going to profit from it. You don't even have to hold ETH if this happens, the whole market could go up.

[X-ray]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

While Mt Gox will start supposedly repaying the victims BTC14000 worth approximately 9 billion USD from July, the good news that you have delivered might help the market from crashing like it did in early 2018. I still remember after Bitcoin made a big milestone in December of 2017 those who were holding Bitcoin from 2009 sold a few and the price of Bitcoin went to $3,709.

That according to me would be one of the biggest crashes. The reason is that after a successful ATH, the price of Bitcoin was 73 percent down. I do not think that the price of Bitcoin will go down so much after the victims of 2014 recieve their Bitcoin. Still, there is hope that if Ethereum ETFs get the same response as Bitcoin ETFs then there is a chance that alt season will start. That will concurrently hold the overall cryptocurrency market.

I'm sure that market can always contain such big amount of BTC eventually though and the receiver of those bitcoins probably won't just sell the coin right off the bat.
most of the crashes are always intensified by the ongoing rumour back then there was collapses of FTX which also trigger domino effects, I still remember there are so many altcoin projects getting affected that entire market mood turn into muddy within just a week. however current mtgox sell off event might indeed trigger flash dump but I suppose its not gonna be that sharp as long as the market sentiment is good enough.

Fortunately from this news ETF will get approval by 2nd of july which hopefully could keep the market from being overly afraid of the mtgox sell off taking places. but I honestly still feels rather pessimistic  .

[JeffBrad12]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

It's unclear to me which source I should trust, another said 4 July, and check the image below.



https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/

Approval of Ethereum Spot will only help Ethereum, and I don't think approval of Ethereum will change the way the market is right now. The situation is similar to when the SEC accepted the Ethereum ETF.

When ETF spot trade starts, it will help Ethereum get more money from big companies. I think Ethereum will have a great long term.

[Psynthax]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I'm just thinking that this ethereum ETF gonna be underwhelming, there's no strong inflow of money to the ethereum market despite so many ETH being locked in as TVL for the dapps protocols, makes me wonder whether people truly bullish with ETH at some point.
because if it is an underwhelming ETF, it could cause the price of ethereum to go down, there are many people over social media tweeting that altcoin like eth gonna take diverging path in term of price trend compared to bitcoin, this ETF approval might be the thing that causes that.

but the fact that SEC disclosed that the ETF process is going smooth already give a relief to majority of ETH holder, but i'm more concerned of how much capital this ETF spot market could attract, i hope it is at the level of bitcoin.

[BitGoba]

My opinion is that ETH is a scam. It's more of a centralized technological company that deceives users by comparing itself to Bitcoin. The people who created and manage ETH are of very low ethical and moral quality. When they launched ETH, they kept a pre-mine of 70 million for themselves. They distributed 10 million ETH among themselves and sold 60 million in the initial public offering (IPO) for Bitcoin. It's obvious that these are securities... The approval of the ETF, in my opinion, is the result of high corruption. The founders of ETH have become incredibly wealthy from this scam. In any case, whatever opinion you have, be very cautious because it's a highly centralized project controlled by a small group of people who can always change the protocol as they wish and print more ETH, thereby devaluing your holdings. ETH is like to fiat currencie

[JamesDaniel90]

My opinion is that ETH is a scam. It's more of a centralized technological company that deceives users by comparing itself to Bitcoin. The people who created and manage ETH are of very low ethical and moral quality. When they launched ETH, they kept a pre-mine of 70 million for themselves. They distributed 10 million ETH among themselves and sold 60 million in the initial public offering (IPO) for Bitcoin. It's obvious that these are securities... The approval of the ETF, in my opinion, is the result of high corruption. The founders of ETH have become incredibly wealthy from this scam. In any case, whatever opinion you have, be very cautious because it's a highly centralized project controlled by a small group of people who can always change the protocol as they wish and print more ETH, thereby devaluing your holdings. ETH is like to fiat currencie

I do not hold any Ethereum but do have a few Ethereum altcoins.

I do not follow it much to be honest and do agree it comes across dodgy at times - i am just hoping it has a positive impact on the altcoins over the next few weeks but lets see.

[DeathAngel]

It may not make an immediate bullish difference with the price but of course, over time Spot ETFs being available will drive the price of Ethereum up. It opens the doors for institutional investment which is a totally new phenomenon for Ethereum. Large amounts of capital are now unlocked, able to flow into Ethereum, it can’t be anything other than positive.

[goaldigger]

It may not make an immediate bullish difference with the price but of course, over time Spot ETFs being available will drive the price of Ethereum up. It opens the doors for institutional investment which is a totally new phenomenon for Ethereum. Large amounts of capital are now unlocked, able to flow into Ethereum, it can’t be anything other than positive.

Just like with Bitcoin where we don't see big jump in an instant, this will also be the scenario for ETH.
Though if there's a better hype for this ETF as we all know, ETH is the top altcoins and if many institution will support this progress then we can expect a big pump slowly but surely. A development like this is a positive in cryptomarket, and it's just a matter of time before other altcoins to have their own ETF update as well.

[Sayeds56]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

This is certainly a positive development for overall cryptocurrencies market and might might induce new interest in crypto space to attract new investment and boost institutional adoption. Once trading of Ethereum commences, hopefully it will have trickle down effect on alts market which has been bleeding since weeks and many prominent alts have lost their value to the extent of 50%, the launching of Ethereum ETF could might trigger bullish sentiment in the market.

[Ruttoshi]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

This is good news for Ethereum investors because with the launch of ETF on 2nd of July, it will make more people to invest in Etherum and some might even prefer it to bitcoin because the price is cheap.

I don't think that this launch will affect the price of Etherum immediately but it will take time for this to happen, because it is not like bitcoin. Bitcoin has a great potential than Etherum and that was why after few weeks we saw a new ATH. You cannot predict the market sometimes it goes opposite.

[BitGoba]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

This is good news for Ethereum investors because with the launch of ETF on 2nd of July, it will make more people to invest in Etherum and some might even prefer it to bitcoin because the price is cheap.

I don't think that this launch will affect the price of Etherum immediately but it will take time for this to happen, because it is not like bitcoin. Bitcoin has a great potential than Etherum and that was why after few weeks we saw a new ATH. You cannot predict the market sometimes it goes opposite.

Smart money will not invest in ETH because it is highly centralized and depends on a small group of people who can change the supply policy
A month ago, they changed the supply rules again. Here, read this article.
https://cryptopotato.com/this-is-why-ethereum-is-no-longer-a-deflationary-network-cryptoquant/

So far, they have changed the supply rules 7 times. No one knows how much ETH there will be or how much there is currently. Vitalik and his team can do whatever they want; they can print more ETH for themselves. Now, they are again in a period of high inflation, which means they are devaluing the ETH you hold. With Bitcoin, it is impossible to change the consensus rules because it is highly decentralized; no one can print new Bitcoins or change the monetary policy at will.
Smart money does not want to depend on this man.
https://www.youtube.com/shorts/JfAVcC3gJNQ

[pawanjain]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

While that is definitely a good news for ETH holders I personally think it won't make much of a difference in ETH price.
Most of the people who wanted to buy ETH had already bought it which was indicated by the spike in ETH few weeks back.
Insitutional investors may buy the ETH ETFs but it will be a slow and gradual process and so the spike in ETH price will be relatively slower.

[bittraffic]

What is everyone's thoughts? will this make much of a difference to current market conditions?

I am hoping we can have a good few weeks after many weeks of altcoins bleeding.

https://news.bitcoin.com/bloomberg-analyst-doubles-down-on-july-2-spot-ether-etf-launch-date-amidst-surge-in-s-1-filings/

While that is definitely a good news for ETH holders I personally think it won't make much of a difference in ETH price.
Most of the people who wanted to buy ETH had already bought it which was indicated by the spike in ETH few weeks back.
Insitutional investors may buy the ETH ETFs but it will be a slow and gradual process and so the spike in ETH price will be relatively slower.

I don't think there will be massive sell when ETH shoots to the moon due to this Eth ETF. People are already in the worse situation due to economy which they may have sold their ETH already.

But institutions will likely pump the ETH to make those holders sell to which in result, they grab most ETH in the market. That's not such a bad plan for the institutions to corner the market.

[betswift]

Even if the documents are signed, they won't start at the exact date, but if you believe in ETH, it can be a good option for DCA. NFA!

[doomloop]

What is everyone's thoughts? will this make much of a difference to current market conditions?

It’s possible that due to all these speculations it turns the market around.

Everyone remembers that bitcoin was rising because of all the rumors of etf approval and when it finally got approved, the market did not really rise as much as people expected. So it is possible that people are now more hesitant in buying as they compare bitcoin etf to that of eth.

Any speculations can turn the market around because it works in a cycle. Without ETF, a good coin can still rise but maybe it can only increase its rate. After the BTC ETF approval, I think BTC did really rise hard and it was even better compared to when the halving was done. The price did even dumped after it.

People should act or think maturely. The market is unpredictable so they must slow down about their expectations because it won't always be followed. Despite of many failed expectations, I think many are still bouncing back and continue their routine of continuously buying and HODL'ing a BTC. Same thing might happen to ETH and its ETF.

[TastyChillySauce00]

It may not make an immediate bullish difference with the price but of course, over time Spot ETFs being available will drive the price of Ethereum up. It opens the doors for institutional investment which is a totally new phenomenon for Ethereum. Large amounts of capital are now unlocked, able to flow into Ethereum, it can’t be anything other than positive.

Just like with Bitcoin where we don't see big jump in an instant, this will also be the scenario for ETH.
Though if there's a better hype for this ETF as we all know, ETH is the top altcoins and if many institution will support this progress then we can expect a big pump slowly but surely. A development like this is a positive in cryptomarket, and it's just a matter of time before other altcoins to have their own ETF update as well.

I believe you are wrong about that because ethereum didn't show significant growth even before approval of ETH; bitcoin did not immediately soar, but it did rise from $30k to a new all-time high. Ethereum may have a different story because the buzz is not as high. The approval of the Ethereum ETF will undoubtedly provide a great deal of hope to all Ethereum users.
Ethereum is unlikely to follow Bitcoin's lead. Ethereum increased by 18 percent upon ETF certification, but then fell back to its pre-announcement price.

The introduction of ethereum ETF spot trading will have no meaningful impact on the price of ethereum. This is my two cents.