In the cryptocurrency space, SEC chief Gary Gensler is often hostile to crypto. He had this attitude before and still now. After recently approving spot bitcoin ETFs, the agency has now approved spot ether ETFs, but there are concerns about the specific reasons why the approval process for bitcoin ETFs and ether ETFs are different. But as far as I know SEC chief Gary Gensler has not yet agreed to comment on anything outside of the official guidelines. Ether ETFs are only approved based on voting systems and market divisions.I'm quite confused because the content of the topic is different from its title ^^
Do you think that Ether's different ETF approval process is a political influence or something else?
Do you think that Ether's different ETF approval process is a political influence or something else?
Why the demand of Ether not changing much despite Ether ETFs being approved?
Do you think that Ether's different ETF approval process is a political influence or something else?
The real question is why the delay in obtaining ETF products in the United States. Compared to European markets, the United States usually approves ETF products faster than other countries, but in the case of Bitcoin, there was procrastination to the point that some investment funds filed lawsuits with the SEC.
Do you think that Ether's different ETF approval process is a political influence or something else?Your post is not making sense to me right now, as the news source you have provided is totally talking about the decisions and nature of the 5 people who voted back at the time of BTC ETFs and now they are concerned about ETH ETF's on the basis of nature of these 5 people who voted back then. By simple means, what the news has tried to compile is, they review the recent interviews, and statements of these 5 people (who voted) to understand their thinking and why they voted against and why not, so they could predict their next vote for ETH.
Do you think that Ether's different ETF approval process is a political influence or something else?
Same here. What I'd do is I'd just focus on the title "why the demand of ether not changing much despite ether etf being approved. My answer would be "maybe it's because it hasn't started yet". It's better for OP to wait and see if ether ETF would surely influence the demand of ether or won't change much.This is something that I have seen in the other forum too where people create titles which is completely unrelatable to the content of the topic. Such topics do make you realize how important it is to always read the content of the topic. If I had not read it nor you had read it then we would have replied according to the title. That would have been considered as spam and could have been deleted by the mods.
The negative market reaction is probably due to the first outflow from Ethereum-ETF in the US. At the end of yesterday's session, $133 mln was withdrawn from the funds, leveling the results of the first day.
In fact, only Grayscale recorded an outflow of $326 million ($810 million over two days), while other funds attracted funds.
The trading volume on the second day exceeded $1 bln.
Buddy, I am in the same curiosity, TBH hah it's supper frustrating because I've been waiting for the heavy pumps in the ETH for a long time, it's really disappointing but still, I have hopes as the previous few weeks were so pressuring for the crypto market.bitcoin experienced some dumping these past few weeks and i guess the approval of eth ethereum was not enough to fight back that maybe it just was not the best timing
ETH is gonna hit hard in this cycle but seems like, for now its testing our patience on a high level.well that is what's really hard about holding and people who say it is easy do not understand the mental capacity you need to have to make sure you see your investments through anyway i do believe that once bitcoin breaks its resistance levels we will see ethereum follow suit so yes patience is definitely what holders of ethereum need at these times
bitcoin experienced some dumping these past few weeks and i guess the approval of eth ethereum was not enough to fight back that maybe it just was not the best timing
Considering the political landscape, I suspect this will become another partisan issue, but that aside... People need to realize they don't have to fight the system; they can take control of their lives by switching to crypto. There might be some bumps along the road in the next few years, but anyone betting against crypto in the long run will lose.agreed, crypto is a technological advancement, no one will be able to resist progress because in the end they will definitely lose. Crypto will be more popular and popular with many people in the future, we should start learning and understanding this technology. I also sometimes regret that the government in a country rejects crypto, will they oppose future technological advances? Wouldn't it be better to learn to adopt from now on?
Well, this is the actual evidence of this concept in the process of development of the digital currency. Sometimes, paper money is not used. Technology advances and in the near future there will be development of electronic money digital currency including Bitcoin, Ethereum amongst others. In short, every government has a policy for its own country. Due to the fact that not all the countries declare the legality of the circulation of Cryptocurrency.Considering the political landscape, I suspect this will become another partisan issue, but that aside... People need to realize they don't have to fight the system; they can take control of their lives by switching to crypto. There might be some bumps along the road in the next few years, but anyone betting against crypto in the long run will lose.agreed, crypto is a technological advancement, no one will be able to resist progress because in the end they will definitely lose. Crypto will be more popular and popular with many people in the future, we should start learning and understanding this technology. I also sometimes regret that the government in a country rejects crypto, will they oppose future technological advances? Wouldn't it be better to learn to adopt from now on?
It seems you're addressing a discrepancy between the title and content of a discussion, specifically regarding an ETF that has already launched in the market. Titles should indeed reflect the core focus of the discussion, and if there's a mismatch, it can lead to confusion. Your suggestion of being patient is also well-founded, as the impact of ETFs, like any significant financial product, can take time to influence the broader market. The initial reaction might not always reflect the long-term effects on asset prices.Do you think that Ether's different ETF approval process is a political influence or something else?
First of all, let me ask you the reason why your title and the subject of your topic do not correlate. Then I am confused to understand why are you questioning an ETF that is already being traded in the market. Addressing your topic title I would say be patient and you will see the effect of the ETF showing up in the cryptocurrency market in a few days. When Bitcoin ETF started trading the price of Bitcoin did not go up on the same day rather it took a few days or weeks to see the price go up.
It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.Well, Understanding Ethereum price movements about investment is in the market requires certain particular attention and data analysis. It is possible to take realistic actions to enhance the P-O-L-C framework by analysing the timing for purchases or waiting for the right moment. During this period, which can be considered as the waiting period for potential future price hikes, we can work on increasing our understanding of what assets we own, and where the capital should go. It will assist us to minimise unrealistic expectations, and instead equip ourselves with qualitatively rich information. Every single activity being worked on today marks the way towards improvements in subsequent results.
I think that you could explain in your comment, which will be perfect for this time. We also know that Ethereum is the second level crypto in cryptocurrency market. We also know that Ethereum ETF is also the main thing in this time. I think that voting system is also approve based on this time. We also think that market division is also response for this situation. But I don't think political influence could be main reason for this reason. At least I think that within a short time Ethereum ETF will coming in cryptocurrency market.It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.Well, Understanding Ethereum price movements about investment is in the market requires certain particular attention and data analysis. It is possible to take realistic actions to enhance the P-O-L-C framework by analysing the timing for purchases or waiting for the right moment. During this period, which can be considered as the waiting period for potential future price hikes, we can work on increasing our understanding of what assets we own, and where the capital should go. It will assist us to minimise unrealistic expectations, and instead equip ourselves with qualitatively rich information. Every single activity being worked on today marks the way towards improvements in subsequent results.
It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.thank god that you clarified that this is your opinion and your expectation of ethereum because it goes against what i think is the common concept in all kinds of investment markets if you expect ethereum to rise 100% at a certain point of time then should you not be buying ethereum now? why would you buy ethereum when it is exceeding the price now when by the time if ethereum has reached $8000 you already should have been using that opportunity to take profit and not still chasing that coin just to acquire some
I am not so sure that this ETF is the only way for US residents to get exposure to ETH as as far as I know there are no restrictions on owning it onchain or using crypto exchanges. The ETF market will not affect the natural demand for ETH in any way. Unless an ETF is approved in a country like China, you can probably expect high demand.More precisely, a spot ETH ETF is the simplest way for traditional investors in the US to invest in ETH without facing technological barriers or the risks of self-custodying ETH in personal wallets. They are accustomed to investing in the stock market, so they will be ready to buy financial products like spot ETFs from reputable issuers such as BlackRock.