Ethereum spot ETFs could attract $15B by end of 2025 Bitwise CIO

The launch of spot Ethereum ETFs could trigger massive capital inflows into the market, according to Bitwise CIO Matt Hougan.

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Ethereum Soars 5.6% Ahead Of ETF Decision, Analysts Set Bigger Price Target

Ethereum (ETH) price is soaring ahead of the Securities and Exchange Commission (SEC) decision regarding the Spot ETH ETF (exchange-traded fund). Investors’ and market watchers’ optimism has increased as the King of altcoins surpasses the $3,900 mark. Some analysts believe this bullish momentum could soon propel ETHs price above all established price targets. Related Reading: Ethereum Whales Come Alive: Are They Buying Or Selling? Ethereum Soars Amid ETF Approval Expectation Ethereum, the second-largest cryptocurrency by market capitalization, has seen a significant uptick this week. As rumors of ETH spot ETFs being approved this Wednesday surged, the communitys sentiment towards the asset turned extremely bullish. Previously, Bloomberg experts had asserted that chances of an ETF approval were slim due to the US governments crackdown on the industry. However, this weeks U-turn from the Biden administration sparked a positive sentiment that increased the chances to 65-75%. As a result, Ethereum surged an impressive 30.4% from its price seven days ago. The King of altcoins went from trading just below the $3,000 mark to surpassing the $3,900 resistance level at the time of writing. The community’s optimistic expectations continue as several US lawmakers urge SEC chair Gary Gensler to approve Ethereum ETFs. As reported by Eric Balchunas, a bipartisan group of House lawmakers sent a letter on Tuesday to the SECs Chair asking for the approval of ETH ETFs and other digital assets. According to the letter, the Congress members believe digital asset-backed ETFs offer investors a regulated and transparent investment vehicle to gain exposure. The US lawmakers urged the Commission to maintain a consistent and equitable approach when reviewing upcoming applications for other crypto ETFs. Are Price Targets Too Low? Ethereum has performed remarkablely over the past few days. ETH has surged 5.6% as the community awaits the SECs decision. As pointed out by several market watchers, ETHs weekly candle is resting levels not seen since the first half of March. Crypto Yoddha highlighted Ethereums historic behavior for the previous all-time high (ATH) runs. Per the chart, the second-largest crypto asset went through a 700-day accumulation phase before breaking out and starting the bullish run. Similarly, ETH seemingly ended a 700-day accumulation period this cycle, which could lead to a rally towards a new ATH, if history repeats. The analyst set a target of $15,300 for this cycle. Likewise, Crypto Jelle pointed out that ETH broke out of a multi-month falling wedge pattern. Its recent performance successfully reclaimed the key resistance above the $3,600 mark and is currently testing the $3,900 price range. The trader considers that, if this is the current performance before the approval of ETH ETFs, his $10,000 target for this cycle might be too low.  However, he urged investors to try not to get sucked into overtrading. He considers the initial response to the decision hard to know despite the bullish sentiment. Ultimately, Jelle suggests the community to focus on what you know as the long-term outlook is much clearer. Related Reading: Altcoins Maniac Phase Preparing, Analysts Call For Next Leg Up On a similar note, Crypto analyst Mikybull points out that ETH is repeating the 2020 path that sparked off Alts season in 2021. Due to this, the trader considers that the bull targets for this cycle are $9,000-$11,000. The SECs decision regarding ETH ETFs will be announced around 8:30 pm UTC on May 23. Featured Image from Unsplash.com, Chart from TradingView.com

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Ether ETFs poised to surge in 2025, analysts say

Strong price performance and staking could propel Ether ETF inflows in 2025, analysts say.

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Ethereum ETF Race Gets Hotter As SEC Receives 11 Filings In One Week

The United States Securities and Exchange Commission (SEC) has been flooded with many applications for Ethereum (ETH) Exchange-Traded Funds (ETFs) in just one week. The applications currently stand at 12, with the latest addition coming from ProShares, a popular fund manager.  The platform filed four applications for Ether-based ETFs, including a dual Ether and Bitcoin [...]

The post Ethereum ETF Race Gets Hotter As SEC Receives 11 Filings In One Week appeared first on Crypto Breaking News.

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Ethereum ETFs Heat Up As Filings With SEC Climbs To Six

The latest sign of crypto going mainstream among traditional investors is the race heating up to launch the first exchange-traded fund (ETF) tied to Ethereum futures. In recent weeks, six companies have filed proposals with the Securities and Exchange Commission (SEC) to launch Ethereum futures ETFs.  The Race To Launch An Ethereum Futures ETF Cryptocurrency ETFs track the price of the digital currencies they are tied to and they are not a new thing in the crypto industry. Bitcoin futures have gained popularity in recent years and are already being offered by popular investment companies.  However, with bitcoin futures ETFs now established, it is only natural for the next hot product to be an Ethereum futures ETF. So far, more than 10 Ethereum futures ETFs have been filed in the past, but none have been approved by the SEC. Related Reading: BlackRock CEO Larry Fink Is The Best Thing To Happen To Bitcoin, Mike Novogratz Says Volatility Shares Ether Strategy ETF was the first to be filed on July 28. Since then, Bitwise Ethereum Strategy ETF, Roundhill Ether Strategy ETF, VanEck’s Ethereum Strategy ETF, and Proshares Short Ether Strategy ETF have been filed and are awaiting clearance, as reported by Bloomberg Intelligence.  Now, Grayscale Investments is also looking to join the pack with its new Ethereum Futures ETF filing. After withdrawing its filing earlier due to SEC concerns, the digital currency asset management company is now back with a better application. Bitwise, another crypto index fund manager, also withdrew its previous filing at the same time.  ETH price jumps to $1,839 | Source: ETHUSD on Tradingview.com According to the filing, the majority of the Grayscale Investments fund’s assets would be placed in Ether futures contracts with “front-month” maturities, which have “the shortest time to maturity.”  The company also intends to diversify into other Ethereum contracts in the coming future.  Why Ethereum Futures ETFs Are Gaining Traction The buzz around crypto ETFs was recently ignited by the news of BlackRock and other investment companies filing applications with the SEC for Spot Bitcoin ETFs. However, the SEC is still yet to give the go-ahead, citing failure to meet anti-fraud and investor protection standards in past applications.  Analysts report that BlackRock’s Bitcoin ETF could unlock $30 trillion worth of wealth. Of course, there’s no guarantee if or when they may get the green light. Related Reading: Here’s The Total Number Of XRP That Ripple Currently Holds For crypto investors and the industry, an Ethereum futures ETF would no doubt be a game changer. If approved, Ethereum futures would become available to investors 75 days after the application date. It would provide an easy, low-cost way for investors of these investment companies to gain exposure to the second-largest cryptocurrency by market cap.  As for ETH’s spot price, it has been struggling to break above $2,000 this year. At the time of writing, ETH is trading at $1,843.96. But if the filings are approved by the SEC, it may signal the beginning of the next Ethereum bull run. Featured image from iStock, chart from Tradingview.com

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