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Ether ETFs Signal Growth and Opportunity in Market
2024-07-23 09:00:08
Markets
Finance
Stocks

Ether ETFs Signal Growth and Opportunity in Market

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Major financial firms like BlackRock and VanEck are set to launch spot ether ETFs next week, poised to draw in an estimated $15 billion in inflows. The approval by the SEC indicates a maturing market structure and promising prospects for both investors and the ethereum network.

Notable players like Grayscale and Fidelity are also in the race for a spot in the ether ETF arena. Staking, considered a way to benefit investors and support the network, is a key feature anticipated in the future.

The move is expected to drive ethereum's price, with experts foreseeing significant growth potential. With significant transfers of ETH to Coinbase and the potential for staking, the upcoming Ether ETFs are a focal point for investors eyeing long-term gains.

Related news on that topic:

Bitcoin ETFs and Inflows Drive Market Sentiment

Despite a recent dip in Bitcoin's price, long-term holders are accumulating the digital asset and Bitcoin spot ETFs are seeing significant inflows. The price drop may be attributed to sell pressures from the Mt. Gox hack repayments and the German government's Bitcoin sale. However, Bitcoin has found support in the $55,000-$58,000 range, and investors are taking advantage of lower prices. Spot Bitcoin ETFs have attracted $1 billion in just three days, with BlackRock and Fidelity leading the inflows. The market sentiment remains bullish, with predictions of Bitcoin reaching $100,000 driven by ETF inflows. Meanwhile, market dynamics suggest a potential rise to $150,000 by year-end. The German government's completion of its Bitcoin sell-off has alleviated fears in the crypto market. However, the market's volatility and complexities, along with regulatory hurdles, continue to shape Bitcoin's climb. Nevertheless, Bitcoin presents a significant investment opportunity, and its market fundamentals and potential technological use cases support its long-term growth.

Ethereum ETFs Face Uncertain Demand Amid Regulatory Hurdles

Wintermute and Kaiko forecast lackluster Ethereum ETF demand, noting potential inflows and volatility. BlackRock, Fidelity, and Grayscale among 8 issuers set to launch ETH ETFs. Regulatory restrictions on staking hamper ETF competitiveness. Grayscale reveals 2.5% management fee, others range from 0.15-0.25%. Kaiko data shows ETH implied volatility surged to 67%. Price sensitivity expected with upcoming ETF inflows. Grayscale's ETHE fund anticipates outflows transitioning to spot ETF. Spot Ethereum ETF trading begins on July 23 at major US exchanges. Analysts anticipate a price push to $6,500 with Ethereum ETF approvals. Ether ETFs greenlit by SEC, signaling growing acceptance of cryptocurrencies in traditional finance.

Read 5 more recent news on this topic

The press radar on this topic:

The Street
25. Juli 2024 um 15:27

Spot ether ETFs to begin trading next week, report says

Finance
Cryptocurrencies & blockchain
Spot ether ETFs launching next week from BlackRock, Franklin Templeton, VanEck; $15 billion in estimated inflows; ethereum price jumps 6%; ethereum network, stablecoin growth, fewer regulatory hurdles to propel price; 21Shares, Grayscale, Fidelity, Bitwise, Invesco also vying for spot ether ETF; staking to benefit investors and network; mature market structure, bitcoin and ethereum ETFs key drivers; Nathan McCauley, CEO of Anchorage Digital, says approval is first step, staking next.
The Street
30. Juli 2024 um 20:45

Ethereum ETFs Potentially Able To Stake In The Future: SEC's Peirce

Cryptocurrencies & blockchain
Finance
SEC Commissioner Hester Peirce suggests Ethereum ETFs from VanEck, Fidelity and others could later allow staking Ethereum, which pays ~4% APY and secures the proof-of-stake blockchain, though SEC Chair Gensler views staking as an investment contract. Ethereum ETF issuers had originally sought to enable staking but removed it ahead of SEC approval in May. Peirce says staking features could be reconsidered, though her views may not reflect the full Commission. Fundstrat predicts Ethereum ETFs co..
Cointelegraph.com News
23. Juli 2024 um 08:38

Grayscale transfers $1B ETH to Coinbase a day ahead of Ether ETF launch

Cryptocurrencies & blockchain
Economy
Finance
Grayscale transferred 292,262 ETH worth over $1B to Coinbase ahead of the Ether ETF launch, as Ether's 'most obvious bullish setup' is set for H2 2024; this is a developing story.
The Defiant
23. Juli 2024 um 08:15

SEC Grants Final Approval To Spot Ether ETFs

Finance
Cryptocurrencies & blockchain
SEC finalizes approval for spot Ether ETFs from BlackRock, Franklin Templeton, Fidelity, VanEck, Bitwise, 21Shares, and Invesco; trading begins Tuesday morning. Approval follows prior greenlight of S-1 registration statements from seven issuers and 19b-4 filings for eight ETFs in May.
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