8 ETH ETFs coming online in the USA this summer (poll)

[Peter90]

Update 25.04.2024
Hong Kong has approved 4 new ETH ETFs, the poll concerns only the US ETFs

Update 14.02.2024
Franklin Templeton added as 8th ETF


An Ethereum ETF is coming sooner than you expect

Bitcoin ETFs were delayed because of politics. Now that we have clarity — along with seven deadlines between May and August — Ethereum ETFs aren't far away.

Indeed, as was observed by Commissioner Hester Peirce in her damning indictment of the SEC’s conduct over this approval published on Jan. 10, the denials of these applications never made sense.
Rather than follow what was always a very clear process for these products, the regulator denied applications based only on “prejudice” against Bitcoin — a prejudice that was only, finally — ended by Greyscale’s lawsuit.

As a really long shot, the only potential obstacle in the way of a spot ETH approval is liquidity.
Just as the size and scale of the market was a concern for a Bitcoin spot product, it will be even more so for Ethereum, whose move to proof-of-stake has further constrained the supply of ETH.

Moreover, while BTC — now used almost purely as a store of value - can be held long-term inside large investment funds, ETH is a working currency used to pay for ever-growing numbers of transactions on the highly composable chain.


https://cointelegraph.com/news/ethereum-etf-coming-sooner-than-you-expect

[TomPluz]

I guess that after the approval of ETF for Bitcoin, the next logical step is the approval for ETF on Ethereum asset. However, just like the drama involved before the BTC-ETF approval, am sure there can even be more for Ethereum as we know that SEC is holding the leash on this thing...and its chairman is quite adamant on his strong opposition on such a facility. Now, how will SEC be convinced to work on this proposition is something really worth watching. Personally, I am not a big fan of ETF as it can be a tool to even stifle the growth of an asset and a big way to manipulate it on the market, still there are some positive feedbacks we can gain from it...and on top of that is that recognition of the asset by the mainstream financial market...meaning it can be a baptism of fire for the asset, that it is has already arrived and being clapped by those who considered it to be useless in recent years. So can there be one within 2024? I am not actually so sure of that but it can be safe to predict there can be one in 2025 most especially if Gary Gensler will out from SEC.

[Peter90]

I guess that after the approval of ETF for Bitcoin, the next logical step is the approval for ETF on Ethereum asset. However, just like the drama involved before the BTC-ETF approval, am sure there can even be more for Ethereum as we know that SEC is holding the leash on this thing...and its chairman is quite adamant on his strong opposition on such a facility.

Hi Tom
following article from today morning argues that given important similarities between BTC and ETH, namely ...
a) both were not listed by the SEC among the 67 coins and tokens that it claimed were “securities"
b) both are listed and regulated futures contracts on the Chicago Mercantile Exchange (CME)...
... the SEC will replicate the BTC ETFs approval process.

Morover, the article argues that Grayscale also has an ETH trust that they want to turn into an ETF, so SEC knows that a denial of that application would likely lead to another court appeal like Grayscale did with their BTC trust.



Standard Chartered Sees Ether Hitting $4,000 By May, When Ethereum ETF Is Approved

According to Kendrick, the SEC’s dominant strategy for ETH ETF applications is to replicate the BTC process. This partly reflects structural similarities between the two:
- During its case against Ripple in June 2023, the SEC did not list ETH (or BTC) among the 67 coins and tokens that it claimed were “securities".
- In addition, ETH - like BTC - is a listed and regulated futures contract on the Chicago Mercantile Exchange (CME).

As a result, the bank expects pending applications for ETH US spot ETFs to be approved on 23 May, the final deadline for the first of the ETFs under consideration - the equivalent date to 10 January for BTC ETFs.

And if ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, Kendrick expects ETH to trade as high as $4,000 by then.



To be sure, for ETH prices to follow the same price pattern as BTC, Standard Chartered lays out three conditions that need to be met:
- First, current market expectations for the probability of a 23 May approval date would have to be low, as was the case for BTC ETFs.
- Second, the market-implied probability of approval would have to be wrong
- Third, several spot ETH ETFs would need to be approved on 23 May.

Looking beyond the ETF approval, Standard Charated believes that ETH is less susceptible to the post-approval selling that BTC has seen. This is because:
a) the Grayscale Ethereum Trust has a smaller share of overall ETH market cap than the Grayscale Bitcoin Trust (GBTC) did before ETF approval.
b) FTX holdings, and the associated forced selling pressure, have even smaller relative market cap shares of ETH versus BTC.

[MrSpasybo]

I guess that after the approval of ETF for Bitcoin, the next logical step is the approval for ETF on Ethereum asset. However, just like the drama involved before the BTC-ETF approval, am sure there can even be more for Ethereum as we know that SEC is holding the leash on this thing...and its chairman is quite adamant on his strong opposition on such a facility. Now, how will SEC be convinced to work on this proposition is something really worth watching. Personally, I am not a big fan of ETF as it can be a tool to even stifle the growth of an asset and a big way to manipulate it on the market, still there are some positive feedbacks we can gain from it...and on top of that is that recognition of the asset by the mainstream financial market...meaning it can be a baptism of fire for the asset, that it is has already arrived and being clapped by those who considered it to be useless in recent years. So can there be one within 2024? I am not actually so sure of that but it can be safe to predict there can be one in 2025 most especially if Gary Gensler will out from SEC.

I believe that the ETH Spot ETF will be approved as the BTC Spot ETF.
The SEC has approved the ETH future ETF, there is no reason for them to reject the ETH spot ETF. If the SEC refuses, they will be sued by the ETF funds, and they will lose as in the case with GrayScale.

But I think the SEC will continue to delay the ETH Spot ETF until the deadline, after which all ETH Spot ETF applications will be approved in May this year. This will combine with the BTC halving and further fuel the 2024-2025 uptrend. I have no doubts about this scenario 🚀🚀🚀

[Wiseman]

I believe that the ETH Spot ETF will be approved as the BTC Spot ETF.
The SEC has approved the ETH future ETF, there is no reason for them to reject the ETH spot ETF. If the SEC refuses, they will be sued by the ETF funds, and they will lose as in the case with GrayScale.

But I think the SEC will continue to delay the ETH Spot ETF until the deadline, after which all ETH Spot ETF applications will be approved in May this year. This will combine with the BTC halving and further fuel the 2024-2025 uptrend. I have no doubts about this scenario 🚀🚀🚀

I have no doubts about this scenario 🚀🚀🚀

👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻I think you drew those rackets for a reason.))
I also think that ETH Spot ETF and BTC Spot ETF will be held for the right time as it is a very strong motivation for strong growth.

[bitterguy28]

An Ethereum ETF is coming sooner than you expect

Bitcoin ETFs were delayed because of politics. Now that we have clarity — along with seven deadlines between May and August — Ethereum ETFs aren't far away.

Bitcoin  ETF have been delayed because of politics so what more about Ethereum when politics is around the world now?
or maybe not like Bitcoin being approved their more than 10 ETF so Ethereum ETF may be 4-5 approval.

Moreover, while BTC — now used almost purely as a store of value - can be held long-term inside large investment funds, ETH is a working currency used to pay for ever-growing numbers of transactions on the highly composable chain.


https://cointelegraph.com/news/ethereum-etf-coming-sooner-than-you-expect

lol your comparison is not fair , ethereum is now being used also as store value because lets admit everything in this market are now used as store value .

[NikeFit_7777]

You know, it's something that has to happen 100%. It doesn't matter what the market stage will be (at that time).

Who thinks otherwise, you think the SEC doesn't want to make money? You think they don't want to manipulate (the community)? What happened when the BTC-ETF was passed, has fully shown what we (you and I) are and will be held for in the future.

P.S. My opinion, it is not us who are given to make money - but they are trying (in all possible ways) to make money on us.

For some reason though, in the last three weeks, almost 510,000$ worth of ETH worth about 1.22$ billion has been withdrawn from well-known cryptocurrency wallets. You can see, the amount is quite not small.

According to media sources: "This significant outflow indicates strong Ethereum holder sentiment and potentially less selling pressure in the market."

[Peter90]

Moreover, while BTC — now used almost purely as a store of value - can be held long-term inside large investment funds, ETH is a working currency used to pay for ever-growing numbers of transactions on the highly composable chain.


https://cointelegraph.com/news/ethereum-etf-coming-sooner-than-you-expect

lol your comparison is not fair , ethereum is now being used also as store value because lets admit everything in this market are now used as store value.

Don't lol me Bitterguy, unless you are another internet troll like that Stompix character

The author of that Cointelegraph article doesn't say ETH is not a store of value.
The difference between ETH and BTC he is pointing to, is that in his view ETH is more used "as a working currency used to pay for transactions" than BTC.

I don't have an overview about how much BTC and ETH respectively are used as working currencies (as opposed to as investments)
Do you?

[TomPluz]

lol your comparison is not fair, Ethereum is now being used also as store value because lets admit everything in this market are now used as store value.

Yes, to be honest both BTC and ETH and even some other alts are more into acting as a store of value and with ETH like in the past it was used to get into ICO or new projects and I think it is still the same now to some degree. This does not mean that they can never be currencies too. Anyway, let's hope that ETFs for ETH can be approved this year as this might be bringing in more excitement for the coin and for the whole cryptocurrency industry. So 2024 will be known as the year of ETFs and who knows by next year there can more ETF applications for other digital assets as well and with the possibility of a new SEC Chairman things can turn rosy for all of us.

[bitmover]

I believe that the ETH Spot ETF will be approved as the BTC Spot ETF.
The SEC has approved the ETH future ETF, there is no reason for them to reject the ETH spot ETF. If the SEC refuses, they will be sued by the ETF funds, and they will lose as in the case with GrayScale.

I don't think this is as simple as that.

Sec considered bitcoin a commodity,  while Ethereum may be considered a security. This makes some legal differences which may delay or even reject the Etf.

[damsix]

I believe that the ETH Spot ETF will be approved as the BTC Spot ETF.
The SEC has approved the ETH future ETF, there is no reason for them to reject the ETH spot ETF. If the SEC refuses, they will be sued by the ETF funds, and they will lose as in the case with GrayScale.

I don't think this is as simple as that.
Sec considered bitcoin a commodity,  while Ethereum may be considered a security. This makes some legal differences which may delay or even reject the Etf.

I guessed it from the start because Ethereum is part of a security and Bitcoin is a commodity.
If Bitcoin alone had a lot of drama to be accepted by the ETF and it was rejected several times by the ETF but in the end it was also approved.

Ethereum's position will also experience a push and pull in order to be approved by the ETF, thus creating a drama that will later become noisy and have an effect on the price of Ethereum, between rising and falling very quickly.
But on the positive side, I'm sure Ethereum will be approved by the ETF someday, but the process will feel very long and full of drama. This is only my view for Ethereum ETF.

[elbans89]

I guessed it from the start because Ethereum is part of a security and Bitcoin is a commodity.
If Bitcoin alone had a lot of drama to be accepted by the ETF and it was rejected several times by the ETF but in the end it was also approved.
~

I think Ethereum will follow bitcoin, ETF Ethereum will be approved by SEC. I heard the prediction it will happen at may this year. But We don't know the exact month. Many investors, especially Ethereum lovers are really enthusiasm to see ETF Ethereum, because bitcoin price goes up again after ETF bitcoin approved. They believe Ethereum will do the same..

[damsix]

I think Ethereum will follow bitcoin, ETF Ethereum will be approved by SEC. I heard the prediction it will happen at may this year. But We don't know the exact month. Many investors, especially Ethereum lovers are really enthusiasm to see ETF Ethereum, because bitcoin price goes up again after ETF bitcoin approved. They believe Ethereum will do the same..

Oh yes? Really?? Is it true that this Ethereum ETF will be approved in May?
Can you provide relevant news regarding the Ehereum ETF that will be received in May?
I'm very excited to see something like this because I also have a bit Ethereum gwei in my Binance wallet.

At the beginning, I was very enthusiastic about the Ethereum ETF that would be received, the only problem was that I didn't know when this Ethereum ETF would be received.
And during the news journey that Ethereum will be accepted by ETF, there will definitely be a lot of bad and good news and that is the problem for me.

[MrSpasybo]

I don't think this is as simple as that.

Sec considered bitcoin a commodity,  while Ethereum may be considered a security. This makes some legal differences which may delay or even reject the Etf.

Everything is just our prediction, I am optimistic that the ETH Spot ETF will be approved by the May deadline. From now until then, we still need to focus on the inflow of money BTC Spot ETF and BTC Halving are very close.

ETH SPot ETF will be a big story that we need to pay attention to right after Halving.

I have no doubts about this scenario 🚀🚀🚀

👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻I think you drew those rackets for a reason.))
I also think that ETH Spot ETF and BTC Spot ETF will be held for the right time as it is a very strong motivation for strong growth.

All grounds for my judgment have been presented. If the SEC rejects the ETH Spot ETF, they will go to court with GrayScale again, I don't know what arguments the SEC will use to fight in court this time. Spot ETF and Future ETF both use the same price data because Future price closely follows Spot price.

In case the SEC intentionally does so to delay the ETH Spot ETF, large funds will not leave the SEC alone ^^

Anyway, I believe bullrun is an inevitable future in 2024-2025 ⭐️

[electronicash]

I think Ethereum will follow bitcoin, ETF Ethereum will be approved by SEC. I heard the prediction it will happen at may this year. But We don't know the exact month. Many investors, especially Ethereum lovers are really enthusiasm to see ETF Ethereum, because bitcoin price goes up again after ETF bitcoin approved. They believe Ethereum will do the same..

Oh yes? Really?? Is it true that this Ethereum ETF will be approved in May?
Can you provide relevant news regarding the Ehereum ETF that will be received in May?
I'm very excited to see something like this because I also have a bit Ethereum gwei in my Binance wallet.

At the beginning, I was very enthusiastic about the Ethereum ETF that would be received, the only problem was that I didn't know when this Ethereum ETF would be received.
And during the news journey that Ethereum will be accepted by ETF, there will definitely be a lot of bad and good news and that is the problem for me.

SEC will also keep delaying this approval for a long time and will try to troll as well. they know how easy money can be with approving ETF thats why they are going to troll it. but maybe this is the reason why ETH grows bit by bit already, Pelosi could be buying. She's known to be doing the insider trading.

May 23 is the date of the approval which I doubt so it will be moved to probably twice before they will approve it. and like what happen to BTC, it will first dip before going rising up again.