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Ethereum Forum / Re: Will we really see an Ethereum ETF?
« on: Today at 05:34:45 AM »Meanwhile in the parts around Asia in a little place called Hong Kong, they have approved BTC and Ethereum ETFs, not bad
they can start operating from the end of the month so in reality they are not really active if we want
Ethereum ETF has already been approved in the Hong Kong market but as I have read somewhere we should not expect that there can be a big impact for Ethereum as the market in there is not gargantuan compared to the one in USA. And this is the reason why approval in US will be a game-changing for the Ethereum market. Now, the approval will likely be postponed in May but this does not mean it will not be...this is just waiting for the right and appropriate time and that time can extend into 2025, for sure as things are still being ironed out both by SEC and the ETF applicants. Plus we know that SEC can be playing the dilly-dally game so as to project its regulatory power to the whole cryptocurrency industry and this was quite obvious in the BTC-ETF saga. In the meantime, we should take this as a good opportunity to add more ETH to our portfolio as the price right now is very attractive - below $3200 when its right price should have been $4K already.