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We have been waiting for altseason since 2023 after BTC price has made a truly impressive recovery, especially when AI & restaking trends have exploded and made the crypto market vibrant again. However, the re-accumulation still takes place after the halving as in previous cycles and makes many investors bored and skeptical.
Following negative news surrounding Mt. Gox and the German government, we just had some positive news regarding the spot ETH ETF. The timeline for the ETF's launch is expected to be swift, with trading likely to commence as early as Tuesday. Analysts predict that the launch of the spot ETH ETF could trigger significant inflows into the Ethereum market. Gemini, a leading cryptocurrency exchange, estimates that the ETF could attract up to 5B USD in investments within the first 6 months. This surge in investment would provide a major boost to the Ethereum ecosystem, potentially fueling further innovation and development. [1]
I also expect this to happen and create even more positive impacts:
1. Promote a positive mindset within the crypto community.
2. Attract new investors and new capital to the market.
3. Open up new opportunities for spot ETFs based on other POS tokens, especially spot SOL & XRP ETFs.
4. Trigger altseason in the market and create a total market cap explosion.
Although it may seem more greedy, I think the spot ETH ETF will be the perfect piece to combine with the spot BTC ETF to attract traditional investors, thereby creating a trend change in the crypto market, ending the process of re-accumulation and entering the growth phase.
I would like to know your opinion on this issue:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
References:
[1] SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources (https://www.coindesk.com/markets/2024/07/15/sec-tells-eth-etf-issuers-fund-can-start-trading-tuesday-source/)
Note:
- My opinion has been presented in a topic, on BitcoinTalk forum (https://bitcointalk.org/index.php?topic=5503254).
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.
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I would like to know your opinion on this issue:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
1. I believe that the ETH Spot ETF will also be successful and attract a huge inflow of capital from traditional investors, as those who dislike the slowness and safety of BTC can choose ETH to earn more profits during the bull run.
2. As you mentioned, the capital inflow will not only drive up the price of ETH but also lead to FOMO throughout the market. This is really necessary at this time to maintain the greed that is happening thanks to BTC price increase.
3. I not only have ETH but also many other ALTS, I will wait for the market to explode in the bull run to take profits and leave the market with rewards for my perseverance and unconditional belief.
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there may be people who are not holding but i think a lot of us do hold ETH the fact that we need ETH in sending ERC20 tokens. so even if you are holding just the ERC20 tokens, probably just a memecoin in ETH chain i think you will still be hoping for ETH price to go to the roof because anything that is priced based on gwei will also be going to the roof and start the bull season.
ETH ETF i believe was already approved in Hongkong which means its really due to happen in other places such as US.
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Hmm, it can work as the catalyst but just for ETH for the rest of the altcoin market we really need to wait for the capital flow from Bitcoin to other assets, We are not in that phase for now even though Bitcoin hasn't experienced the peak flow of capital yet for this cycle so we cant say this so early that ETH ETF will bring anything like alt-season.
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Hmm, it can work as the catalyst but just for ETH for the rest of the altcoin market we really need to wait for the capital flow from Bitcoin to other assets, We are not in that phase for now even though Bitcoin hasn't experienced the peak flow of capital yet for this cycle so we cant say this so early that ETH ETF will bring anything like alt-season.
Most likely it will still be Bitcoin that will trigger the altcoin season, nevertheless this is good news for those who have been bagholding ETH for a long time and this ETF could really be a big factor for capital inflows in the market.
And we all know that if there is already a Bitcoin ETF and then HK also has a ETH ETF, sooner or later the US might have to approved it. And the timing will be great as we are already in bull cycle and it just a matter of time before investors, whales and institutions started to pour their money into other altcoins too.
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Most likely it will still be Bitcoin that will trigger the altcoin season, nevertheless this is good news for those who have been bagholding ETH for a long time and this ETF could really be a big factor for capital inflows in the market.
And we all know that if there is already a Bitcoin ETF and then HK also has a ETH ETF, sooner or later the US might have to approved it. And the timing will be great as we are already in bull cycle and it just a matter of time before investors, whales and institutions started to pour their money into other altcoins too.
BTC has always triggered the alt season and will continue to do so. As for ETH and the upcoming ETH-ETFs launch, I think this event will have a positive impact on the coin. ETH will probably even become more expensive in sats. Who knows, maybe the ETH price (in sats) will return to the values that were in 17-18. However, I don't expect ETH-ETFs to have any positive impact on other alts.
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The latest news on US Ethereum ETFs:
1. Yesterday, most issuers of spot Ethereum ETFs filed updated Forms S-1 with the SEC (trading launch).
2. the SEC approved the listing of Grayscale's spot Mini Ethereum ETF and ProShares' Ethereum ETF on the NYSE.
3. The spot Ethereum ETFs are expected to launch trading on July 23.
4. Ethereum ETF issuers have set different fees, ranging from 0.19% (Franklin) to 2.5% (Grayscale).
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BTC has always triggered the alt season and will continue to do so. As for ETH and the upcoming ETH-ETFs launch, I think this event will have a positive impact on the coin. ETH will probably even become more expensive in sats. Who knows, maybe the ETH price (in sats) will return to the values that were in 17-18. However, I don't expect ETH-ETFs to have any positive impact on other alts.
I believe that BTC defines market phases, attracts attention and capital to the crypto market, while altseason will be triggered by top altcoins when BTC price reaches a high price range. The rise of ETH price and other native tokens as BNB, SOL, XRP could be a signal for altseason.
Currently, the market is moving sideways and needs some big enough news to trigger optimism and positive sentiment. If this is done by a spot ETH ETF, then we can assume that it will have a positive impact not only on ETH price but also on many other altcoins in the market.
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Local scale altseason? yeah. I mean you can be optimistic about altcoins in the ethereum ecosystem alone. Besides that, the overall altcoin trend is led by bitcoin. I would not expect more if bitcoin has not shown a strong bullish trend, the bullish effect of this ETF approval may be more limited.
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This is just one of the triggers. We cannot deny that the endorsement of ETFs for Bitcoin and Ethereum has indeed had a good impact on the market. At least, there will be no more bad news regarding this ETF. However, as we have experienced so far, this cannot yet be optimal for boosting the altcoins season. Yes, because it's not the time yet. Meanwhile, Bitcoin prices are still falling due to the last few FUDs. And of course, altcoin season will also occur later as time goes by, especially when BTC itself has also grown significantly, and sideways. So, just be patient with the progress of altcoins in the future. Just prepare coin ammunition to prepare for the altcoin seasons in the bullrun era.
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Local scale altseason? yeah. I mean you can be optimistic about altcoins in the ethereum ecosystem alone. Besides that, the overall altcoin trend is led by bitcoin. I would not expect more if bitcoin has not shown a strong bullish trend, the bullish effect of this ETF approval may be more limited.
I think so... the ones who are bullish are only those related to Ethereum, while other altcoins still won't be affected that much... I myself believe that the trigger for the altseason will still be based on Bitcoin which overall increases inflow to the cryptocurrency ecosystem... .
An ETH ETF will only have a big impact on ETH... for other altcoins, maybe only a 10% impact... that's almost the same as a Bitcoin ETF.
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I would like to know your opinion on this issue:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
[1] Only time will tell whether Ethereum spot ETF will be more successful or successful than Bitcoin spot ETF. As of now the media outlets are positive about the development and are certain that it will be a success.
[2]Yes, because the spot ETH ETF will not only be impacting Ethereum but it will also impact its ecosystem which is bigger than Ethereum itself.
[3] No, I am not holding any Ethereum as of now but I do have some ERC20 tokens.
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This is just one of the triggers. We cannot deny that the endorsement of ETFs for Bitcoin and Ethereum has indeed had a good impact on the market. At least, there will be no more bad news regarding this ETF. However, as we have experienced so far, this cannot yet be optimal for boosting the altcoins season. Yes, because it's not the time yet. Meanwhile, Bitcoin prices are still falling due to the last few FUDs. And of course, altcoin season will also occur later as time goes by, especially when BTC itself has also grown significantly, and sideways. So, just be patient with the progress of altcoins in the future. Just prepare coin ammunition to prepare for the altcoin seasons in the bullrun era.
I believe that at the right time, positive news can also create a large growth wave in the market. Spot BTC ETF is the driving force behind bitseason, while spot ETH ETF can be the driving force behind altseason in Q3 & Q4 of this year.
I also hope that BTC price will soon grow and reach a new ATH, after which the sideways movement of BTC price will push capitalization to altcoins and create altseason. In the meantime, we still need to monitor the market and hold crypto to profit!
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movement in the price of altcoin occurs when investors find that the price of Bitcoin has risen sharply, and then investments are distributed in Ethereum or a basket of altcoins, but the flows due to the spot ETH ETF will lead to the same result, as investors may not prefer to invest huge amounts in altcoins, and the price of some of them is already high.
investment will be in Bitcoin, Ethereum or a basket of altcoins not SOL & XRP ETFs
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movement in the price of altcoin occurs when investors find that the price of Bitcoin has risen sharply, and then investments are distributed in Ethereum or a basket of altcoins, but the flows due to the spot ETH ETF will lead to the same result, as investors may not prefer to invest huge amounts in altcoins, and the price of some of them is already high.
investment will be in Bitcoin, Ethereum or a basket of altcoins not SOL & XRP ETFs
I share the same expectation: we can shorten the process of transferring money from BTC to altcoins using spot ETH ETFs, which means that money will flow directly into ETH and then create an investment trend in altcoins. If this happens, we may see another hot crypto summer with many potential trends such as DeFi, RWA, AI...
I am optimistic about the launch of many other spot ETFs on the market for top altcoins like SOL, ADA, XRP, DOGE. This could create confusion for traditional investors when choosing a product but will be positive news for FOMO in the crypto market.
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I am optimistic about the launch of many other spot ETFs on the market for top altcoins like SOL, ADA, XRP, DOGE. This could create confusion for traditional investors when choosing a product but will be positive news for FOMO in the crypto market.
I have doubts about XRP ETF getting approved by the SEC when both are at war. I feel SOL and Litecoin ETF will get approved next and these two will bring a good alt season for the community. As of now I am waiting for the training to start for spot Ethereum ETF and I have read that some analysts are saying that it will start from next week. The effect of trading will come into the market most probably by the end of August assuming how it worked for Bitcoin ETF.
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I am optimistic about the launch of many other spot ETFs on the market for top altcoins like SOL, ADA, XRP, DOGE. This could create confusion for traditional investors when choosing a product but will be positive news for FOMO in the crypto market.
I have doubts about XRP ETF getting approved by the SEC when both are at war. I feel SOL and Litecoin ETF will get approved next and these two will bring a good alt season for the community. As of now I am waiting for the training to start for spot Ethereum ETF and I have read that some analysts are saying that it will start from next week. The effect of trading will come into the market most probably by the end of August assuming how it worked for Bitcoin ETF.
I was going to say exactly the same thing you said concerning XRP ETF, there is no way the SEC are going to approve that when they are at war, and from all indications, XRP seems to be one of the most hated cryptocurrency; both by the SEC, and the majority of cryptocurrency holders/users.
So, even if for what ever reason, or by any means, the Sec approved XRP ETF, I am particular not expecting that to have the same impact on the market like approval of bitocin spot ETF did.
Maybe approval of ETH, Sol and Doge and other major cryptocurrencies spot ETF will trigger a mega altseason as well as a bull run, because I never was expecting ETH ETF approval to do it alone.
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Hmm, it can work as the catalyst but just for ETH for the rest of the altcoin market we really need to wait for the capital flow from Bitcoin to other assets, We are not in that phase for now even though Bitcoin hasn't experienced the peak flow of capital yet for this cycle so we cant say this so early that ETH ETF will bring anything like alt-season.
Most likely it will still be Bitcoin that will trigger the altcoin season, nevertheless this is good news for those who have been bagholding ETH for a long time and this ETF could really be a big factor for capital inflows in the market.
Yup, no ones is denying the potential of the ETF for the ETH and for sure if there was no ETH approved still ETH holds great potential to hit a new ATH just because of its vast and mighty ecosystem. But as we expected for the BTC ETH's ETF news was not a catalyst like that.
TBH we need to wait for the capital inflow, but at least there should be a hype wave which is missing. Anyway I'm not holding any ETH, there was some amount back in time before this recent dump, I'm planing for some accumulation for a shorter time frame, but still there are a lot of potential projects with higher risk-to-reward ratio, but as I'm out of funds for now its getting delayed.
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Nice confirmation. I gave you +1
I'll try to share my opinion:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
Actually, in theory it should be possible. Because Ethereum is the top altcoin, it could even be said to be the most promising altcoin and the best crypto after Bitcoin if you look at the current market cap. It is proven that this coin has always been runner up after Bitcoin so far.
With SEC approval for the Ethereum ETF, of course this is a smoother path for development and progress in several fields, and that is welcome. So it will boost the progress of Ethereum especially and there will no longer be any FUD related to Ethereum ETFs being blown like before.
What is clear, ETH ETF spot trading approved by the SEC includes 8 ETH ETF trading & listings, namely:
- Grayscale ETH Trust
- Bitwise ETH ETF
- iShares ETH Trust
- VanEck ETH Trust
- ARK 21Shares ETH ETF[1]
- Invesco Galaxy ETH ETF
- Fidelity ETH Fund
- Franklin ETH ETF
Here is the information related: https://www.foley.com/insights/publications/2024/07/next-ethereum-etfs-sec-approval/
So, there's definitely no doubt about it, right?
At least with this approval, it can stimulate the development and growth of trading and investment activities, so that this will also have an impact on the global market. It's just that the process won't be that easy, just like Bitcoin, you still have to fight against various market conditions that are still very uncertain before they can finally find a real bull run. let's be patient to wait again.
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I would like to know your opinion on this issue:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
1. Just like what happened to Bitcoin when spot BTC ETFs were launched, I am sure that similar market reactions will also be happening to Ethereum now that spot ETH ETFs can commence the trading. Now, this is going to be big for Ethereum and now that we have two ETFs for the cryptocurrency market am sure there will be more and more investors that will be coming in convinced that both BTC and ETH are here to stay and will continue to be shaping the whole market for years to come.
2. First and foremost, the coming ETFs will be pushing the price of Ethereum to heightened numbers and in fact this can be the best moment to get into Ethereum as soon there will be big profits to count. Now, what will happen to Ethereum will be impacting actually the whole crypto market as we are going to withness a big bullish sintiment all over the place...the same thing that happened when BTC ETFs came on the scene before the halving in April.
3. Unfortunately, I only have a small Ethereum holding right now and I don't have the money to buy more...still I am excited for the market even as just a spectator watching the numbers go up in CMC right on my laptop.
Now, to the question: "Will spot ETH ETF trigger altseason?" my answer is that it can be hard to know for sure if this can be the start of the altseason bullishness we are all waiting for. Let's see and watch closely what can be.
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Actually, in theory it should be possible. Because Ethereum is the top altcoin, it could even be said to be the most promising altcoin and the best crypto after Bitcoin if you look at the current market cap. It is proven that this coin has always been runner up after Bitcoin so far.
With SEC approval for the Ethereum ETF, of course this is a smoother path for development and progress in several fields, and that is welcome. So it will boost the progress of Ethereum especially and there will no longer be any FUD related to Ethereum ETFs being blown like before.
What is clear, ETH ETF spot trading approved by the SEC includes 8 ETH ETF trading & listings, namely:
- Grayscale ETH Trust
- Bitwise ETH ETF
- iShares ETH Trust
- VanEck ETH Trust
- ARK 21Shares ETH ETF[1]
- Invesco Galaxy ETH ETF
- Fidelity ETH Fund
- Franklin ETH ETF
Here is the information related: https://www.foley.com/insights/publications/2024/07/next-ethereum-etfs-sec-approval/
So, there's definitely no doubt about it, right?
At least with this approval, it can stimulate the development and growth of trading and investment activities, so that this will also have an impact on the global market. It's just that the process won't be that easy, just like Bitcoin, you still have to fight against various market conditions that are still very uncertain before they can finally find a real bull run. let's be patient to wait again.
I hope we have passed the most difficult phase of the market in 2022 and have come a long way in the uptrend. A slight adjustment in the past few months is not really scary, re-accumulation is necessary for the market to continue to develop. So if the spot ETH ETF can attract huge inflow, we can receive a lot of positive impacts on ETH price and altseason.
We will wait for the answer from the market as soon as the spot ETH ETF is officially traded. I still maintain a positive view because many trends in the market are ready to explode, and I hope that the spot ETH ETF is the fuse big enough for this!
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I have doubts about XRP ETF getting approved by the SEC when both are at war.
What is the reason that XRP ETF will be easily approved? We know XRP ever has a problem with SEC. It can be one of the consideration to delay the approval of XRP ETF.
I feel SOL and Litecoin ETF will get approved next and these two will bring a good alt season for the community.
SOL seems easily to be approved because SOL has great popularity nowadays. There is good demand in the market for SOL.
Meanwhile Litecoin, I think this old coin is getting not really popular among investors. Why you think there will be an idea of Litecoin ETF?
As of now I am waiting for the training to start for spot Ethereum ETF and I have read that some analysts are saying that it will start from next week. The effect of trading will come into the market most probably by the end of August assuming how it worked for Bitcoin ETF.
What training? :-\
Ethereum ETF is approved already, right? Sure, the effect of Ethereum ETF won't happen suddenly, it may take some times.
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1. Just as Bitcoin experienced significant market reactions following the launch of spot BTC ETFs, we can anticipate a similar response for Ethereum now that spot ETH ETFs are commencing trading. This development is monumental for Ethereum, and with the introduction of two ETFs in the cryptocurrency market, I believe more investors will be drawn in, convinced that both BTC and ETH are here to stay and will continue shaping the market for years to come.
2. The introduction of these ETFs is set to drive Ethereum's price to new heights, making this potentially the best time to invest in Ethereum, with substantial profits on the horizon. This bullish sentiment is expected to ripple across the entire crypto market, similar to the surge witnessed when BTC ETFs emerged before the halving event in April.
3. Although my current Ethereum holdings are modest and I lack the funds to acquire more, I remain enthusiastic about the market, eagerly watching the numbers rise on CMC from my laptop. As for the question, "Will spot ETH ETFs trigger altseason?" it's challenging to predict with certainty if this will ignite the anticipated altseason bullishness. We must observe closely to see how the market unfolds.
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What is the reason that XRP ETF will be easily approved? We know XRP ever has a problem with SEC. It can be one of the consideration to delay the approval of XRP ETF.
SOL seems easily to be approved because SOL has great popularity nowadays. There is good demand in the market for SOL.
Meanwhile Litecoin, I think this old coin is getting not really popular among investors. Why you think there will be an idea of Litecoin ETF?
What training? :-\
Ethereum ETF is approved already, right? Sure, the effect of Ethereum ETF won't happen suddenly, it may take some times.
XRP has been confirmed not to be a security, while SOL and LTC are being mentioned as having the potential for spot ETFs in the future. These are tokens that we can look forward to spot ETF products for this season or next season.
Currently, all eyes are on inflows following the listing of the spot ETH ETF. I hope things will be very positive and we will wait to see the impact it has on the crypto market, especially the price increase of many altcoins.
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XRP has been confirmed not to be a security, while SOL and LTC are being mentioned as having the potential for spot ETFs in the future. These are tokens that we can look forward to spot ETF products for this season or next season.
Currently, all eyes are on inflows following the listing of the spot ETH ETF. I hope things will be very positive and we will wait to see the impact it has on the crypto market, especially the price increase of many altcoins.
ETH-ETFs will definitely have a positive impact on the ETH price, but it's most likely in the long term. At least I don't expect any sudden bursts of activity on the market because of this in the short term.
As for other alts, we will surely see spot SOL-ETFs soon, but I have doubts about LTC.
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A historic day for the crypto world!
SEC approved the launch of spot ETH ETFs! Trading will start today, July 23! Hours before the ETF listing, the entire Ethereum ecosystem went up! All L2s (even StarkNet), staking, re-staking - everything is going up! Many are expecting a dump at launch. Sales from Grayscale and so on.
Everyone has gotten “smart” and they say already that ETF's are “embedded” in the Ethereum price. But let's say this thing. It's not as important to be “smart” here as it is to simply act and think against the crowd! And considering all these points, we will not be surprised if there is no dump and correction, and the price will immediately start chasing upwards after the launch.
Why? - Expectations, positive stock market, Risk-on mood and euphoria among investors.
P.S. Do you think we will fly higher on ETF launch?
(https://i.ibb.co/S7NtsDF/image.png)
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ETH-ETFs will definitely have a positive impact on the ETH price, but it's most likely in the long term. At least I don't expect any sudden bursts of activity on the market because of this in the short term.
As for other alts, we will surely see spot SOL-ETFs soon, but I have doubts about LTC.
I have a more optimistic view: perhaps we have passed the accumulation phase and even a small positive news can trigger market growth. Spot ETH ETF is a large and popular product in the US, I have high expectations for its impact on the uptrend and price increase of ETH as well as many other top altcoins, followed by altseason.
The Spot LTC ETF has only been mentioned in the media, it has not yet been able to gain as much attention as the Spot SOL ETF or Spot XRP ETF. Let's wait and see together, this is just information that is being mentioned so that we can prepare for altseason :)
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Actually, in theory it should be possible. Because Ethereum is the top altcoin, it could even be said to be the most promising altcoin and the best crypto after Bitcoin if you look at the current market cap. It is proven that this coin has always been runner up after Bitcoin so far.
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I hope we have passed the most difficult phase of the market in 2022 and have come a long way in the uptrend. A slight adjustment in the past few months is not really scary, re-accumulation is necessary for the market to continue to develop. So if the spot ETH ETF can attract huge inflow, we can receive a lot of positive impacts on ETH price and altseason.
I'm quite positive thinking and believe that it will work. Yes, we are just waiting for some more time to really be in the altcoin season phase. Maybe not this year, but at least next year, along with the Bitcoin Bullrun. Of course, we can't know when the right time is, because it often surprises us.
It's just that we need to be careful by managing our plans in several stages, to better manage our risks and assets better and wiser, of course, we don't need to panic even if maybe in the next few days, the price of ETH will fall again. because after rising prices so far, there will still be a market correction in ETH and other cryptos, along with developments in BTC prices too.
Updated price:
Low : $3,403.72
High : $3,534.98
https://www.coingecko.com/en/coins/ethereum
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I'm quite positive thinking and believe that it will work. Yes, we are just waiting for some more time to really be in the altcoin season phase. Maybe not this year, but at least next year, along with the Bitcoin Bullrun. Of course, we can't know when the right time is, because it often surprises us.
Ethereum ETFs post $107M net inflows on the first day (https://cointelegraph.com/news/ethereum-etf-inflows-106-million-first-day-trading), this is the headline on the major crypto media outlet. Do you still think that the alt season will start next year? I doubt it now and I think it will happen next month if the inflow remains the same or goes up. This time we will see a lot of Ethereum ecosystem altcoins outperforming themselves and Ether price will go up that is for sure.
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I have a more optimistic view: perhaps we have passed the accumulation phase and even a small positive news can trigger market growth. Spot ETH ETF is a large and popular product in the US, I have high expectations for its impact on the uptrend and price increase of ETH as well as many other top altcoins, followed by altseason.
The Spot LTC ETF has only been mentioned in the media, it has not yet been able to gain as much attention as the Spot SOL ETF or Spot XRP ETF. Let's wait and see together, this is just information that is being mentioned so that we can prepare for altseason :)
Well, as you can see nothing much happened in the market after the first day of trading of spot ETH-ETFs. Even though the trading volume was more than 1 billion, but the ETH didn't react to it in any way.
Let's see what happens next, but I think it will take a few more months before the impact of spot ETH-ETFs on the ETH price will be noticeable.
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- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
definitely but i do not think it will be as groundbreaking as when bitcoin's etf was approved
the approval of bitcoin already made us expect that soon after ethereum will come bitcoin already paved the way and now we are going to that direction eventho it may not be as revolutionary as etf bitcoin, i believe it will solidify or strengthen the general outlook for cryptocurrencies and can bring eth's value up
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In the past, Bitcoin pumps have been triggering altcoin seasons because Ethereum typically starts to pump after a long Bitcoin rally, and other altcoins follow. I think it will happen the same way this time as well. The Spot ETF will likely boost the altcoin season because Ethereum's price might increase more than expected, and this could potentially cause some altcoins to go up more than 1000x.
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the approval of bitcoin already made us expect that soon after ethereum will come bitcoin already paved the way and now we are going to that direction eventho it may not be as revolutionary as etf bitcoin, i believe it will solidify or strengthen the general outlook for cryptocurrencies and can bring eth's value up
Bitcoin is the opener of everything, being a sight for altcoins including Ethereum.
When a bitcoin ETF happens, the price drops quite drastically but then goes higher, and this will probably samm and happen to ETH ETFs after this.
A correction is needed to consolidate and then move higher.
The key to the alt season is how Ethereum can reach its highest price again, as Ethereum is the parent of all altcoins.
If the parent can be ATH, then other Altcoins will reach ATH as well.
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1. I believe the ETH Spot ETF will be successful and attract significant capital inflows from traditional investors. Those who find BTC's slower pace and stability less appealing can opt for ETH to potentially earn higher profits during a bull market.
2. As you mentioned, the capital inflow will not only drive up the price of ETH but also trigger FOMO across the market. This is essential at this time to sustain the momentum generated by BTC's price increase.
3. In addition to holding ETH, I have investments in several other altcoins. I plan to wait for the market to surge during the bull run to take profits and reap the rewards for my perseverance and unwavering belief.
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Bitcoin is the opener of everything, being a sight for altcoins including Ethereum.
When a bitcoin ETF happens, the price drops quite drastically but then goes higher, and this will probably samm and happen to ETH ETFs after this.
A correction is needed to consolidate and then move higher.
The key to the alt season is how Ethereum can reach its highest price again, as Ethereum is the parent of all altcoins.
If the parent can be ATH, then other Altcoins will reach ATH as well.
There is no doubt that ETH will reach ATH, and spot ETH-ETFs will clearly contribute to that. But, as for other alts and the alt season in general, it can only happen because of BTC, not ETH. In my opinion, the best indicator for this is the BTC dominance chart. Unfortunately for alts holders, there is no sign that BTC dominance will fall and alts will rise massively shortly.
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Bitcoin is the opener of everything, being a sight for altcoins including Ethereum.
When a bitcoin ETF happens, the price drops quite drastically but then goes higher, and this will probably samm and happen to ETH ETFs after this.
A correction is needed to consolidate and then move higher.
The key to the alt season is how Ethereum can reach its highest price again, as Ethereum is the parent of all altcoins.
If the parent can be ATH, then other Altcoins will reach ATH as well.
There is no doubt that ETH will reach ATH, and spot ETH-ETFs will clearly contribute to that. But, as for other alts and the alt season in general, it can only happen because of BTC, not ETH. In my opinion, the best indicator for this is the BTC dominance chart. Unfortunately for alts holders, there is no sign that BTC dominance will fall and alts will rise massively shortly.
We should watch closely after the ETH and grab the opportunity by its tail! ;) There should be a little correlation in my opinion soon so that big hands would get rid of those who already put the sums on long futures for the ETH, then they will rebuy their positions and we shall see some pumping for our beloved altcoin (which is, of course, ETH ;)).
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Local scale altseason? yeah. I mean you can be optimistic about altcoins in the ethereum ecosystem alone. Besides that, the overall altcoin trend is led by bitcoin. I would not expect more if bitcoin has not shown a strong bullish trend, the bullish effect of this ETF approval may be more limited.
Alt season starts when the money flow stops toward bitcoin and from there, bitcoin starts to make some downtrend movements and from there the money flow moves toward altcoin, and from there, alt season starts. Ethereum is itself an altcoin so this can be a good signal for the altcoin market that one of them is now holding the tag of ETF. Well, according to some news I have read the Ethereum spot ETF performing very well.
But buddy I want to know the real meaning of your saying as I don't understand it. Are you saying that approval of Ethereum ETF can be a good signal for those altcoins that are on its network or working with the ecosystem? lemme know. Many Thanks! :)
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In my opinion, the best indicator for this is the BTC dominance chart. Unfortunately for alts holders, there is no sign that BTC dominance will fall and alts will rise massively shortly.
Yes, BTC dominance will determine where altcoins will go and as long as BTC dominance increases,
altcoins cannot rise significantly, including ETH as the top altcoins.
But hopefully in the near future, BTC dominance will decrease and give Altcoins the opportunity to recover in price.
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In my opinion, the best indicator for this is the BTC dominance chart. Unfortunately for alts holders, there is no sign that BTC dominance will fall and alts will rise massively shortly.
Yes, BTC dominance will determine where altcoins will go and as long as BTC dominance increases,
altcoins cannot rise significantly, including ETH as the top altcoins.
But hopefully in the near future, BTC dominance will decrease and give Altcoins the opportunity to recover in price.
ETH should go up after the dip, and that's a high chance of getting something out for yourself. Spot is preferrable, as being on futures may hold some risks due to whales trying to rebuy the positions of those who already are betting on ETH going to the Moon.
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Well, as you can see nothing much happened in the market after the first day of trading of spot ETH-ETFs. Even though the trading volume was more than 1 billion, but the ETH didn't react to it in any way.
Let's see what happens next, but I think it will take a few more months before the impact of spot ETH-ETFs on the ETH price will be noticeable.
I don't think we need to rush to see immediate positive impacts from spot ETFs. Inflow is more important than trading volume, and they are currently absorbing selling pressure and the amount of ETH ready to be sold on OTC. Once this supply dries up, we will see the impact of spot ETH ETFs on ETH price on CEXs!
In other words, spot ETH ETFs will have a positive long-term impact. Additionally, we also have to face selling pressure from investors who have already made significant profits and are just waiting for spot ETH ETF trading news to sell and take profits. I believe that soon we will talk about spot ETH ETFs as a key driver of price increases for many tokens in the Ethereum L1 & L2 ecosystem.
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ETH should go up after the dip, and that's a high chance of getting something out for yourself. Spot is preferrable, as being on futures may hold some risks due to whales trying to rebuy the positions of those who already are betting on ETH going to the Moon.
Then all you need to do now is buy and hold it for the long term, because ETH is the king of Altcoins that will stay on top and the rise of Altcoins also depends on how ETH and Bitcoin rise.
And trading on Spot is indeed less risky, but you also need to be aware of where you will enter and exit.
Without a strategy, it will only be a blind trade, without direction and purpose.
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ETH should go up after the dip, and that's a high chance of getting something out for yourself. Spot is preferrable, as being on futures may hold some risks due to whales trying to rebuy the positions of those who already are betting on ETH going to the Moon.
Going to the moon or not is a different story for sure, but as you know these days there have been many positive developments for the ETH, I can't figure out why ETH is still under pressure and holding this tight range of below 3500, because as there was first spot ETF's trading live, a good capital and volume inflow, still ETH is not showing the signs of getting towards the new ATH.
There are many speculations about the 6k for ETH, but for now, I'm sure in this market scenario you have time, so buying ETH is still in defensive mode, make sure to grab it, because there's still time to go upside from here.
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Well, as you can see nothing much happened in the market after the first day of trading of spot ETH-ETFs. Even though the trading volume was more than 1 billion, but the ETH didn't react to it in any way.
Let's see what happens next, but I think it will take a few more months before the impact of spot ETH-ETFs on the ETH price will be noticeable.
What we see that the price of Ethereum tends to drop. I noticed there is quite big drop in Ethereum price after the first day of ETH ETF spot. It is good that Ethereum has a significant increase in its volume although the price tends to drop. I think most people are trying to have Ethereum as many as possible now. I doubt if this is a manipulation of some whales.
In other words, spot ETH ETFs will have a positive long-term impact. Additionally, we also have to face selling pressure from investors who have already made significant profits and are just waiting for spot ETH ETF trading news to sell and take profits.
I also think the same as you. This Ethereum ETF will have a big impact for the long term. So, it may have no significant impact in the short time. However, there will be bigger interest in Ethereum when it already succeed to be a part of ETF spot. Just wait for the process, let's see what the traders in Ethereum ETF spot can do.
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I also think the same as you. This Ethereum ETF will have a big impact for the long term. So, it may have no significant impact in the short time. However, there will be bigger interest in Ethereum when it already succeed to be a part of ETF spot. Just wait for the process, let's see what the traders in Ethereum ETF spot can do.
We’re seeing history repeat itself: Grayscale clients are selling ETHE, negatively impacting ETH price, similar to what happened with the spot BTC ETF. As a long-term investor, I’m not worried about this at all. We still have plenty of time to wait and assess the impact of the spot ETH ETF on ETH price and other altcoins in the crypto market.
For now, all ETH price fluctuations are happening on the OTC market but still have a psychological impact on investors in the Spot market. The price drop is due to panic, not direct ETH selling pressure on CEXs, so all we need to do is buy and hold :)
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In the past, Bitcoin pumps have been triggering altcoin seasons because Ethereum typically starts to pump after a long Bitcoin rally, and other altcoins follow. I think it will happen the same way this time as well. The Spot ETF will likely boost the altcoin season because Ethereum's price might increase more than expected, and this could potentially cause some altcoins to go up more than 1000x.
Haha, 1000x, I haven't seen any new project going 1000x dont talk about the past give me any name from the last 2 years or 3 years, TBH you need to reconsider the high hopes, I know ETH's ETF is a piece of big news and its super encouraging for the ETH ecosystem and for sure in coming time it will boost the ETH's ecosystem-based projects like DeFi and L2's.
But when it comes to triggering the alt-season. For sure Bitcoin is going to trigger the alt-season, ETH is lacking in such potential, maybe in future.
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In the past, Bitcoin pumps have been triggering altcoin seasons because Ethereum typically starts to pump after a long Bitcoin rally, and other altcoins follow. I think it will happen the same way this time as well. The Spot ETF will likely boost the altcoin season because Ethereum's price might increase more than expected, and this could potentially cause some altcoins to go up more than 1000x.
Haha, 1000x, I haven't seen any new project going 1000x dont talk about the past give me any name from the last 2 years or 3 years, TBH you need to reconsider the high hopes, I know ETH's ETF is a piece of big news and its super encouraging for the ETH ecosystem and for sure in coming time it will boost the ETH's ecosystem-based projects like DeFi and L2's.
But when it comes to triggering the alt-season. For sure Bitcoin is going to trigger the alt-season, ETH is lacking in such potential, maybe in future.
It's truly high hope, but some coins do perform better during bull markets. For example, SHIB and certain memecoins have seen gains. But I do agree with you that it's best not to set your hopes too high.
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Haha, 1000x, I haven't seen any new project going 1000x dont talk about the past give me any name from the last 2 years or 3 years, TBH you need to reconsider the high hopes, I know ETH's ETF is a piece of big news and its super encouraging for the ETH ecosystem and for sure in coming time it will boost the ETH's ecosystem-based projects like DeFi and L2's.
But when it comes to triggering the alt-season. For sure Bitcoin is going to trigger the alt-season, ETH is lacking in such potential, maybe in future.
I agree that BTC price increase is necessary before we can have an altseason, but ETH also plays a crucial role in diverting investor attention from BTC to altcoins at the right time. The spot ETH ETF is a big product, so it could mark a shift in investment trends this season.
Some tokens could still x1000, of course they aren't the top coins right now. They could be tokens in the L2, AI, RWA, or GameFi trends with a current marketcap of only a few million USD and are not yet well-known in the market. Unfortunately, I'm not sure which x1000-tokens to invest in, so I still choose top native coins to DCA and hold.
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It's truly high hope, but some coins do perform better during bull markets. For example, SHIB and certain memecoins have seen gains. But I do agree with you that it's best not to set your hopes too high.
Yup, I know there were many coins from their lunch till now they are 100x to 1000x but, that the story of past in these days such gains are nu-realistic, You should always go for the best and reliable option, If you are the type of investor want to take a risk and make some reliable passive gains as well, you should diversify your portfolio. For example, if you have x amount of capital for a reliable option go for 50% BTC and ETH whatever ratio you find better in this 50% amount, then reserve 30% for other altcoins, new projects and IDO, and launchpad, manage the ratio by your preference. The remaining 20% is your risk, go for the 10% savings for the worst case in stable money and 10% in meme, whatever meme you like.
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There is no doubt that ETH will reach ATH, and spot ETH-ETFs will clearly contribute to that. But, as for other alts and the alt season in general, it can only happen because of BTC, not ETH. In my opinion, the best indicator for this is the BTC dominance chart. Unfortunately for alts holders, there is no sign that BTC dominance will fall and alts will rise massively shortly.
I also think the same. ETH never disappoints us, it always hits a new ATH in the previous bullish season. I think it must happen in the current bullish season, too. If ETH still can't reach a new ATH, it should be caused by some big factors. Sure, one of the factors is about the Bitcoin dominance in the market. So far, Bitcoin is still dominating much the market, there is a small chance for ETH to create a new ATH in this condition. I agree that we must keep monitoring the chart of BTC dominance in the market. When it is decreasing quite a lot, it means we may see an altcoins season in the near future, and it is a good sign for ETH price to skyrocket. :)
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I also think the same. ETH never disappoints us, it always hits a new ATH in the previous bullish season. I think it must happen in the current bullish season, too. If ETH still can't reach a new ATH, it should be caused by some big factors. Sure, one of the factors is about the Bitcoin dominance in the market. So far, Bitcoin is still dominating much the market, there is a small chance for ETH to create a new ATH in this condition. I agree that we must keep monitoring the chart of BTC dominance in the market. When it is decreasing quite a lot, it means we may see an altcoins season in the near future, and it is a good sign for ETH price to skyrocket. :)
Spot ETH ETFs need time to stabilize after the strong selling pressure from Grayscale's clients and potentially absorb all available ETH balance on OTC. Only then can the ETH price start to grow and positively impact the entire market through various native tokens like ARB, OP, BNB, SOL, AVAX, FTM, NEAR...
Large funds choosing ETH for spot ETFs means they have plans and faith in ETH within this market. This can reinforce our belief in ETH's new ATH in this uptrend, which seems necessary for us to have an altseason in 2025.
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Presumably we should target the launch of the ETH ETF on July 23. Most likely yes, Trump will also speak that week. And at the end of the month there will be already a question on the rate, which according to rumors may be lowered already then, but it is doubtful.
Notice how quickly everything starts to bloom and smell from a negative background. The standard game from market maker, to turn quickly to one side or another that-no one had time. And from the news about German sales and MtGox there is nothing left, as if we caught the Mandela effect.
(https://i.ibb.co/8NhH6s3/image.png)
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I would like to know your opinion on this issue:
- Do you think the spot ETH ETF will be as successful as the spot BTC ETF?
- Do you have high expectation for the positive impact that spot ETH ETF can bring to the crypto market?
- Are you holding ETH and waiting for ETH price increase after this news?
1. I think yeah, ETH ETF will be a successful one although not as successful as to BTC because BTC had a bigger market cap and more hype at that time and people were mostly concerned about the first person who stepped on the moon not the second person. But still, if you think ETH ETF approval will attract 5 Billion USD then that's a good thing and IMO that much funds make this ETH a successful one.
2. ETH ETF's approval and trading will definitely have a positive impact on the market I mean, more fiat money will be invested in ETH and the overall crypto market cap will increase which will eliminate the doubt among traditional investors who still think cryptocurrency is a scam.
3, I am holding ETH but not that much, even if the ETH made me 3x I won't be happy with the profit because my investment is just too low. Now the point is, should we book our profit from BTC and invest in ETH?
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Presumably we should target the launch of the ETH ETF on July 23. Most likely yes, Trump will also speak that week. And at the end of the month there will be already a question on the rate, which according to rumors may be lowered already then, but it is doubtful.
Notice how quickly everything starts to bloom and smell from a negative background. The standard game from market maker, to turn quickly to one side or another that-no one had time. And from the news about German sales and MtGox there is nothing left, as if we caught the Mandela effect.
I believe everything is part of whales market manipulation plan. Events don't happen by chance, or if they do, whales use them to further their plans, creating maximum activity and profit from crypto.
We've had ETH spot ETFs, positive statements from Trump, the German government's sell-off, and BTC refunds from Mt.Gox, and now the possibility of the FED cutting interest rates in September. Every piece of news comes with two opposing sentiments: greed and fear. However, we're only just entering the uptrend, so I think the bulls will still win in 2024 and 2025, while the bears can only return in 2026. The small fluctuations now are only temporary, the market will continue to grow strongly right after the ongoing consolidation phase ends.
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Ethereum-ETF spot Ethereum-ETFs will be listed on July 23. Nate Geraci, head of The ETF Store, announced that the listing of spot Ethereum ETFs is scheduled for July 23.
This information is confirmed by the official registrations of several ETFs on the Cboe exchange.
P.S. Expect a price spike in the near future? What expectations does anyone have?
(https://i.ibb.co/xHDX3Fm/image.png)
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Ethereum-ETF spot Ethereum-ETFs will be listed on July 23. Nate Geraci, head of The ETF Store, announced that the listing of spot Ethereum ETFs is scheduled for July 23.
This information is confirmed by the official registrations of several ETFs on the Cboe exchange.
P.S. Expect a price spike in the near future? What expectations does anyone have?
Investors are worried about the risk of a financial recession, so they are selling off many assets, including crypto, and ETH is also being negatively impacted. I don't think the listing news can change the current trend of ETH price, but it could be a growth driver for ETH price in the long term.
I hope that the market correction will end soon, within the next 1-2 months, and we can see impressive growth of ETH price thanks to positive news related to spot ETH inflows, followed by FOMO in the entire crypto market.
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I hope that the market correction will end soon, within the next 1-2 months, and we can see impressive growth of ETH price thanks to positive news related to spot ETH inflows, followed by FOMO in the entire crypto market.
I think it's unlikely that anything will change in the next two months. News about the launch of spot ETH-ETFs has long been factored into the market. Most likely, only next year the ETH price will grow significantly, but for now, we see that the dominance of Bitcoin is only getting higher, not ETH and other alts.
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I hope that the market correction will end soon, within the next 1-2 months, and we can see impressive growth of ETH price thanks to positive news related to spot ETH inflows, followed by FOMO in the entire crypto market.
I think it's unlikely that anything will change in the next two months. News about the launch of spot ETH-ETFs has long been factored into the market. Most likely, only next year the ETH price will grow significantly, but for now, we see that the dominance of Bitcoin is only getting higher, not ETH and other alts.
Dominance has been high for a long time, because Bitcoin is the pioneer of crypto currency. The Ethereum ETF has not yet had an effect on the price of Ethereum because the price of Bitcoin is still experiencing a decline at this time. Almost all altcoin prices are affected by bitcoin, although the existence of an ethereum ETF will not have much impact if the price of bitcoin declines.
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Trading of spot ETH-ETFs has started in the US. After the morning growth of ~3%, Ethereum quotes are near $3500, reacting to the event with insignificant volatility.
The funds' starting positions by asset size, as well as their tickers, are shown in the image.
Bitwise CIO Matt Hougan said that demand for the instrument at the pre-market was much lower than at the launch of the bitcoin-ETF, but believes that the fact of activity was a good signal.
(https://ltdfoto.ru/images/2024/08/08/imagec1677f7e21cd9e96.png)
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Bitwise CIO Matt Hougan said that demand for the instrument at the pre-market was much lower than at the launch of the bitcoin-ETF, but believes that the fact of activity was a good signal.
Well of course the demand for it was always going to be lower than for the Bitcoin ETF, because the Bitcoin ETF was launched first, and even now we are not hearing so much about it anymore on the news, presumably because many investors have gotten tired of it, but Ethereum does have quite a few traders who want to use the ETF, just fewer than the Bitcoin ETF.
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I think it's unlikely that anything will change in the next two months. News about the launch of spot ETH-ETFs has long been factored into the market. Most likely, only next year the ETH price will grow significantly, but for now, we see that the dominance of Bitcoin is only getting higher, not ETH and other alts.
BTC Dom won't be able to increase forever because this will cause market imbalance and reduce the circulation of funds, preventing maximum market growth and whales from maximizing their profits. Therefore, I still believe that funds will soon flow from BTC to ETH and other altcoins.
Currently, selling pressure from Grayscale and the negative market sentiment have made it difficult for ETH price to grow. But the good news is that ETH price is still above $2K instead of retesting the bottom during the crypto winter like many other altcoins in the market. As a long-term investor, I still believe in the potential of ETH and an altseason this year.
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BTC Dom won't be able to increase forever because this will cause market imbalance and reduce the circulation of funds, preventing maximum market growth and whales from maximizing their profits. Therefore, I still believe that funds will soon flow from BTC to ETH and other altcoins.
There will definitely be a flow of funds to ETH as well as to other alts, but I think that BTC will still continue to dominate the market. It's worth noting that the dominance of ETH has been around 20% for a very long time. If I'm not mistaken, the dominance of ETH has only once been over 30%, and that was in '17.
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There will definitely be a flow of funds to ETH as well as to other alts, but I think that BTC will still continue to dominate the market. It's worth noting that the dominance of ETH has been around 20% for a very long time. If I'm not mistaken, the dominance of ETH has only once been over 30%, and that was in '17.
BTC.D might decrease, but ETH.D might not increase because the market now has many other very good projects, and their native tokens are competitive enough with ETH in terms of marketcap, such as BNB, SOL, TON... Even when ETH price increases, we will see stronger price increases from other altcoins because they have significantly smaller marketcap compared to ETH.
I'm not good at technical analysis, so I can't be sure when BTC.D will decrease or when ETH.D will increase. I only believe that certain cash flows will move to altcoins, and the first signal of this event is that ETH price will increase strongly. Currently, the selling pressure of spot ETH ETF has decreased, and I'm waiting for the price recovery of ETH!
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Sorry for bumping this topic but Grayscale Ethereum Trust Records Zero Outflows for the First Time Post ETF Conversion (https://cryptopotato.com/grayscale-ethereum-trust-records-zero-inflows-for-the-first-time-post-etf-conversion/)
According to the data compiled by SoSoValue, VanEck Ethereum Trust (ETHV) was the only fund to have recorded net outflows on August 12th with $2.92 million – the first since July 23. Simultaneously, other ETFs like the Grayscale Ethereum Mini Trust (ETH) and Invesco Galaxy Ethereum ETF (QETH) did not register any flows.
While BlackRock’s iShares Ethereum Trust (ETHA) also recorded zero inflows for the day, the fund has experienced significant growth since its launch on July 23rd.
In fact, ETHA has attracted more than $901 million in inflows. This figure positions BlackRock as the leader in the Ethereum ETF market, outpacing rivals like Fidelity Investments, Bitwise, Grayscale Investments, and VanEck.
(https://talkimg.com/images/2024/08/13/7aJcg.png)
this is a sign that the price of Ethereum will start moving positively if the buying and cash flows to ETFs continue as they have in the past.
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this is a sign that the price of Ethereum will start moving positively if the buying and cash flows to ETFs continue as they have in the past.
Good news, thank you for sharing so we all know that the selling pressure from Grayscale customers has dried up and we can prepare to welcome the positive impacts of inflows into spot ETH ETFs. This could start with a price increase of ETH, FOMO for Ether Layer-2 native tokens and then many other tokens in the market.
I am quite surprised that this event happened faster than expected, I used to think that we had to witness outflows from Grayscale customers throughout Q3 2024. Perhaps Grayscale customers are willing to continue holding to get a bigger profit from the price increase of ETH in the uptrend.
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The outflow from Ethereum-ETF slowed down to $98 mln, but the negative dynamics persists for four days (cumulatively $439 mln). The outflow from Grayscale exceeded $1.7 billion.
In the bitcoin-ETF segment, on the contrary, positive dynamics persists. At the end of yesterday's session the net inflow amounted to $124 mln.
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The outflow from Ethereum-ETF slowed down to $98 mln, but the negative dynamics persists for four days (cumulatively $439 mln). The outflow from Grayscale exceeded $1.7 billion.
In the bitcoin-ETF segment, on the contrary, positive dynamics persists. At the end of yesterday's session the net inflow amounted to $124 mln.
Perhaps many of Grayscale's clients are still looking to sell their spot ETH ETFs to take profits or switch to services offered by other funds with lower management fees. We need more patience for these outflows to slow down and cease, after which inflows will dominate and we will see its positive impact on ETH price.
Spot BTC ETFs have not disappointed us, and even the launch of spot ETH ETFs has not distracted traditional investors. They still choose spot ETFs based on BTC to achieve the greatest possible safety when seeking profits in the crypto market. I hope that ETH's price performance in the near future will be better than BTC and change this view of traditional investors in the US stock market.
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Ethereum ETFs finally see their first inflows. Ethereum ETFs recorded their first inflows after four days of outflows, with net inflows totaling $33.7 million.
At the same time, the spot Bitcoin ETFs recorded a net outflow of $18 million.
P.S. Each inflow gets bigger! Do you keep this asset in your portfolio? What are your thoughts? ???
(https://i.postimg.cc/tTsBF0vR/image.png)
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Ethereum ETFs finally see their first inflows. Ethereum ETFs recorded their first inflows after four days of outflows, with net inflows totaling $33.7 million.
At the same time, the spot Bitcoin ETFs recorded a net outflow of $18 million.
P.S. Each inflow gets bigger! Do you keep this asset in your portfolio? What are your thoughts? ???
I think the current outflows from ETH Spot ETFs are completely normal, given the current bearish market and the fact that Grayscale customers have a need to withdraw their ETH to personal accounts or switch to other ETH Spot ETFs with lower management fees. Once these selling pressures subside and are fully absorbed, we will see inflows and ETH price in the Spot market will also be pumped strongly.
Unfortunately, ETH Spot ETFs were not launched during a bullish market when investors were FOMO. However, if I am holding ETH, I will continue to hold ETH to achieve greater profits in the bullrun. This temporary price drop may be necessary for us to see strong growth in the ETH price in Q4 and then the explosion of Altseason.
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I think the current outflows from ETH Spot ETFs are completely normal, given the current bearish market and the fact that Grayscale customers have a need to withdraw their ETH to personal accounts or switch to other ETH Spot ETFs with lower management fees. Once these selling pressures subside and are fully absorbed, we will see inflows and ETH price in the Spot market will also be pumped strongly.
Unfortunately, ETH Spot ETFs were not launched during a bullish market when investors were FOMO. However, if I am holding ETH, I will continue to hold ETH to achieve greater profits in the bullrun. This temporary price drop may be necessary for us to see strong growth in the ETH price in Q4 and then the explosion of Altseason.
Spot BTC ETFs also witnessed outflows immediately after approval, and the spot ETH ETF is repeating this pattern due to the enormous amount of ETH previously held by Grayscale Trust ETH. I don't think investors are surprised by this, they just don't want to believe it!
For long-term investors, inflows and outflows of the spot ETH ETF are not something to worry about. In fact, the investor anxiety that is causing the ETH price to drop is a good opportunity for them to accumulate more ETH at lower prices. I believe that once we see inflows into the spot ETH ETF, the ETH price will rise and lead to an altseason in Q4.
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There are only two possible outcomes regarding spot ETH ETFs, the first is that it will not succeed as much as some are hoping, and the second is that it will take much longer than was the case with BTC.
If we look at the numbers, they say that on August 30, 2024, the spot ETH ETF market was worth about $7 billion, while the spot BTC ETF was worth about $54 billion, of course this is only about the US market. What is important to point out is that Grayscale holds about $4.5 billion worth of ETH, which means that it will be the main source of supply for all other ETFs for a long time - and this means that we should not expect the price of ETH to move by itself if BTC does not move the market.
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There are only two possible outcomes regarding spot ETH ETFs, the first is that it will not succeed as much as some are hoping, and the second is that it will take much longer than was the case with BTC.
If we look at the numbers, they say that on August 30, 2024, the spot ETH ETF market was worth about $7 billion, while the spot BTC ETF was worth about $54 billion, of course this is only about the US market. What is important to point out is that Grayscale holds about $4.5 billion worth of ETH, which means that it will be the main source of supply for all other ETFs for a long time - and this means that we should not expect the price of ETH to move by itself if BTC does not move the market.
I really hope that the ETH spot ETF will be successful because it has many positive impacts. It can help push the ETH price up, which in turn creates FOMO in the market and leads to an altseason. It's also a necessary condition for traditional investors to have confidence in many spot ETFs based on altcoins, and we can have spot ETFs for SOL, ADA, XRP, DOT, etc.
Currently, everything related to the spot ETH ETF is quite negative due to selling pressure from Grayscale and the adjustment of BTC price, along with the fear in the financial market. Perhaps things will improve in Q4 this year or Q1 next year, when new money flows into the market and investors start to pay attention to the uptrend in the crypto market.
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I really hope that the ETH spot ETF will be successful because it has many positive impacts. It can help push the ETH price up, which in turn creates FOMO in the market and leads to an altseason. It's also a necessary condition for traditional investors to have confidence in many spot ETFs based on altcoins, and we can have spot ETFs for SOL, ADA, XRP, DOT, etc.
I honestly doubt that trading with altcoins through spot ETFs could be as successful as BTC for the simple reason that altcoins (most) will never succeed in creating such a level of trust that someone would invest tens of billions of dollars in them.
I'm not saying that they won't be traded in that way, but the bulk of the money will go mainly in one direction for a long time.
Currently, everything related to the spot ETH ETF is quite negative due to selling pressure from Grayscale and the adjustment of BTC price, along with the fear in the financial market. Perhaps things will improve in Q4 this year or Q1 next year, when new money flows into the market and investors start to pay attention to the uptrend in the crypto market.
What is true is that Grayscale has about $4.5 billion worth of ETH in its possession, but it is also true that there is not even a similar appetite of investors to invest in that altcoin. I would not agree that there is some kind of special fear in the markets, considering that interest rates in the US will be cut for the first time after 2020, and they will be reduced even more in the EU, since they have already been cut.
I hope that exciting months await us, and right now there is no reason not to be optimistic.
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If we compare the data of BTC ETF and ETH ETF then we get that the eth etf not work as btc...
but as of now, just look last few week, except grayscale all are accumulating slowly.
fidelity hv big outflow yesterday in btc, but they buy small portion of eth etf.
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I honestly doubt that trading with altcoins through spot ETFs could be as successful as BTC for the simple reason that altcoins (most) will never succeed in creating such a level of trust that someone would invest tens of billions of dollars in them.
I'm not saying that they won't be traded in that way, but the bulk of the money will go mainly in one direction for a long time.
What is true is that Grayscale has about $4.5 billion worth of ETH in its possession, but it is also true that there is not even a similar appetite of investors to invest in that altcoin. I would not agree that there is some kind of special fear in the markets, considering that interest rates in the US will be cut for the first time after 2020, and they will be reduced even more in the EU, since they have already been cut.
I hope that exciting months await us, and right now there is no reason not to be optimistic.
We all know that BTC has more fame and prestige than all altcoins in the market, but we still have altseason when investors expect to receive higher returns from altcoins. The sideways movement of BTC price in an uptrend will be an opportunity for many altcoins to grow.
The same thing can happen with spot ETH ETF. It is still just an investment product with returns based on the ETH price in the market. Investors can continue to trust BTC or sell spot BTC ETF to buy spot ETH ETF to get double the profit in altseason. I believe that market sentiment is reflected in all assets, including spot ETFs, so at some point, spot ETH ETF will explode along with the price increase of ETH and many other top coins in the market.
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@KryptoBull, these are all expectations and speculations, and only time will tell if altcoins can follow BTC as it was the case in the past. Of course, when it comes to profit, investors want to make a lot out of a little money, but for many, "betting" on altcoins often did not pay off, and I believe that they have become quite careful about what they do with their money.
In any case, we will not have to wait for years to find out the answer to these questions, because if the bull run happens, then it will be in the next 12 to a maximum of 15 months. Money will be earned, money will be lost - but the game will never end.
+1
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If we compare the data of BTC ETF and ETH ETF then we get that the eth etf not work as btc...
but as of now, just look last few week, except grayscale all are accumulating slowly.
fidelity hv big outflow yesterday in btc, but they buy small portion of eth etf.
I never expected the Etheruem ETF to have exceeded the Bitcoin ETF in term of price or trading volume of the markets. Bitcoin has been maintaining the lead which has also resulted in market dominance.
The accumulation of Etheruem on the ETF market look very low because there seem to be less promotions and hype about it. I think that Etheruem may not gather that momentum we saw on the Bitcoin ETF sales. In facts, investors like Fidelity, Grayscale are all given the Etheruem ETF a trial to see how other investors follow the trends. This is just my thoughts.
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@KryptoBull, these are all expectations and speculations, and only time will tell if altcoins can follow BTC as it was the case in the past. Of course, when it comes to profit, investors want to make a lot out of a little money, but for many, "betting" on altcoins often did not pay off, and I believe that they have become quite careful about what they do with their money.
In any case, we will not have to wait for years to find out the answer to these questions, because if the bull run happens, then it will be in the next 12 to a maximum of 15 months. Money will be earned, money will be lost - but the game will never end.
I still believe that BTC is the safest and most valuable investment in the market, but over time, some altcoins with strong blockchains and user value will continue to survive through multiple cycles, potentially reaching and serving users with great power and security. ETH could be the first representative, and BNB, SOL, LINK, ADA could be the next successes.
According to the market cycle, we often see ATH within 12-18 months after halving, and I believe this cycle will not change BTC's price behavior. The peak of BTC price is a perfect opportunity for many altcoins to increase by several hundred percent in the short term and provide profits for experienced investors who understand the rules of cash flow. I consider investing in altcoins as part of a capital allocation strategy and portfolio diversification to spread risk and not miss out on opportunities with altcoins.
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I never expected the Etheruem ETF to have exceeded the Bitcoin ETF in term of price or trading volume of the markets. Bitcoin has been maintaining the lead which has also resulted in market dominance.
The accumulation of Etheruem on the ETF market look very low because there seem to be less promotions and hype about it. I think that Etheruem may not gather that momentum we saw on the Bitcoin ETF sales.
It is proven that Ethereum ETF didn't bring the impact as big as Bitcoin ETF. The demand of Ethereum won't as high as Bitcoin. This is something very clear, no doubt about it. However, even if there is no better accumulation on Ethereum ETF but it becomes the pioneer of altcoin ETF spot. It means there will be the possibility of other altcoins to be accepted in ETF spot as well. However, if we talk about the price of Ethereum. It is quite obvious that there is no big change.
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I never expected the Etheruem ETF to have exceeded the Bitcoin ETF in term of price or trading volume of the markets. Bitcoin has been maintaining the lead which has also resulted in market dominance.
The accumulation of Etheruem on the ETF market look very low because there seem to be less promotions and hype about it. I think that Etheruem may not gather that momentum we saw on the Bitcoin ETF sales.
It is proven that Ethereum ETF didn't bring the impact as big as Bitcoin ETF. The demand of Ethereum won't as high as Bitcoin. This is something very clear, no doubt about it. However, even if there is no better accumulation on Ethereum ETF but it becomes the pioneer of altcoin ETF spot. It means there will be the possibility of other altcoins to be accepted in ETF spot as well. However, if we talk about the price of Ethereum. It is quite obvious that there is no big change.
Ethereum ETF will not exceed the impact of itcoin ETF, because bitcoin is still number one in crypto, bitcoin demand and popularity are higher than ethereum. We also see the impact of bitcoin ETF which is quite large until bitcoin can reach ATH $ 73K, while we see the price of ethereum is still struggling even though the ethereum ETF is approved, that is a fact.
so we should wait for the bullish season to see the impact of the real ETF, because the solution also presents an ETF proposal.
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Ethereum ETF will not exceed the impact of Bitcoin ETF, because bitcoin is still number one in crypto, bitcoin demand and popularity are higher than ethereum. We also see the impact of bitcoin ETF which is quite large until bitcoin can reach ATH $ 73K, while we see the price of ethereum is still struggling even though the ethereum ETF is approved, that is a fact.
so we should wait for the bullish season to see the impact of the real ETF, because the solution also presents an ETF proposal.
The positive impact of the spot BTC ETF was quickly confirmed by the rise in BTC price. However, the spot ETH ETF emerged during a bearish market, and outflows from Grayscale customers remain substantial. We need more patience to see the positive impact of this new financial product on ETH price and altseason.
Each spot ETF is a gateway for traditional investors to easily flow funds into the crypto market, so their impact will always be positive for liquidity and the amount of money available in the crypto market. I think we don't need to rush, the market has its own habits and principles, a certain growth will come and we will see the price increase of ETH and then altseason.
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ETH ETF does not inflow fund as expected but coming month may fund inflow increase and and can bring alts season.
Market need big player or whales to invest in ETF, so market can have huge lequidity to fluctuations the price.
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ETH ETF does not inflow fund as expected but coming month may fund inflow increase and and can bring alts season.
Market need big player or whales to invest in ETF, so market can have huge lequidity to fluctuations the price.
Well, as much optimistic as I am, I would say that I think it's much better to have a blank mind as regards to the speculations around the bull season happening this year, this will help us not to end up being disappointed the second time after many thought that the approval of the bitcoin and ethereum spot ETFs wound trigger a huge market rally.
Big players coming into crypto alone can't trigger a hugh bitcoin or ethereum rally that could possibly trigger an Altseaon, why? Because even small players like the consumers are also important in driving trading volume up, and right now, tens or hundreds of millions of people are focused on airdrops, getting free money instead of investing their own money to drive the market up.
So, I personally feel that until we are able to convert all of this millions of airdrop hunters into investors buying bitcoin and other cryptocurrencies as investment, we may likely not see a perfect bull season in this year.
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Well, as much optimistic as I am, I would say that I think it's much better to have a blank mind as regards to the speculations around the bull season happening this year, this will help us not to end up being disappointed the second time after many thought that the approval of the bitcoin and ethereum spot ETFs wound trigger a huge market rally.
Big players coming into crypto alone can't trigger a hugh bitcoin or ethereum rally that could possibly trigger an Altseaon, why? Because even small players like the consumers are also important in driving trading volume up, and right now, tens or hundreds of millions of people are focused on airdrops, getting free money instead of investing their own money to drive the market up.
So, I personally feel that until we are able to convert all of this millions of airdrop hunters into investors buying bitcoin and other cryptocurrencies as investment, we may likely not see a perfect bull season in this year.
I think airdrop hunters also contribute to the altseason we've been waiting for. They create strong publicity for projects to reach potential users and investors, which is a necessary condition in terms of the number of retail investors ready to enter the market and wait for a rapid and strong price increase.
When whales accumulate enough tokens, they will pump the price to attract investors and stimulate the FOMO sentiment, thereby triggering the altseason. The success of the ETH ETF could be a necessary condition for whales to easily create a price increase for ETH in the market, instead of having to turn all hunters into investors.
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Well, as much optimistic as I am, I would say that I think it's much better to have a blank mind as regards to the speculations around the bull season happening this year, this will help us not to end up being disappointed the second time after many thought that the approval of the bitcoin and ethereum spot ETFs wound trigger a huge market rally.
Big players coming into crypto alone can't trigger a hugh bitcoin or ethereum rally that could possibly trigger an Altseaon, why? Because even small players like the consumers are also important in driving trading volume up, and right now, tens or hundreds of millions of people are focused on airdrops, getting free money instead of investing their own money to drive the market up.
So, I personally feel that until we are able to convert all of this millions of airdrop hunters into investors buying bitcoin and other cryptocurrencies as investment, we may likely not see a perfect bull season in this year.
I think airdrop hunters also contribute to the altseason we've been waiting for. They create strong publicity for projects to reach potential users and investors, which is a necessary condition in terms of the number of retail investors ready to enter the market and wait for a rapid and strong price increase.
When whales accumulate enough tokens, they will pump the price to attract investors and stimulate the FOMO sentiment, thereby triggering the altseason. The success of the ETH ETF could be a necessary condition for whales to easily create a price increase for ETH in the market, instead of having to turn all hunters into investors.
Indeed, airdrop hunters are really active participants in ensuring that the community looks forward to altseason’s early arrival. They assist in initiating new projects and call for attention which in the long run expands the pool of retail investors willing to benefit from the market. Whales and large investors can significantly influence the price when they start holding a large number of tokens; this causes the price to rise up creating a FOMO feeling and more people invest in it. Perhaps the occurrence of such products like the ETH ETFs can too fuel this momentum, making the price rise at a faster rate apart from being propelled by those hunters with airdrop status turning into real investors.
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ETH ETF does not inflow fund as expected but coming month may fund inflow increase and and can bring alts season.
Market need big player or whales to invest in ETF, so market can have huge lequidity to fluctuations the price.
Well, as much optimistic as I am, I would say that I think it's much better to have a blank mind as regards to the speculations around the bull season happening this year, this will help us not to end up being disappointed the second time after many thought that the approval of the bitcoin and ethereum spot ETFs wound trigger a huge market rally.
Big players coming into crypto alone can't trigger a hugh bitcoin or ethereum rally that could possibly trigger an Altseaon, why? Because even small players like the consumers are also important in driving trading volume up, and right now, tens or hundreds of millions of people are focused on airdrops, getting free money instead of investing their own money to drive the market up.
So, I personally feel that until we are able to convert all of this millions of airdrop hunters into investors buying bitcoin and other cryptocurrencies as investment, we may likely not see a perfect bull season in this year.
I may agree with that, though, whales have bigger groups of people to decide for them on how, when, and why they should invest in a big coin. They can only go up and down as others, but they do it with such volumes and knowledge that they liquidate unfortunate souls and profiting from better positions for themselves. It's essential to follow them in order to invest properly yourself, though it's very hard sometimes to see where smart money really flows.
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Indeed, airdrop hunters are really active participants in ensuring that the community looks forward to altseason’s early arrival. They assist in initiating new projects and call for attention which in the long run expands the pool of retail investors willing to benefit from the market. Whales and large investors can significantly influence the price when they start holding a large number of tokens; this causes the price to rise up creating a FOMO feeling and more people invest in it. Perhaps the occurrence of such products like the ETH ETFs can too fuel this momentum, making the price rise at a faster rate apart from being propelled by those hunters with airdrop status turning into real investors.
I believe every component in the crypto market is important: whales, devs, teams, marketing, market makers, traders, investors, KOLs, hunters... We coexist and drive the development of the entire market to earn profits, even if those profits are only for a few.
The launch of a spot ETH ETF is a necessary condition for altcoins to receive more attention, as ETH is the largest representative of all altcoins in the crypto market. As mentioned, I expect the success of this financial product, followed by the price increase of ETH and the start of altseason in Q1 2025.
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The launch of a spot ETH ETF is a necessary condition for altcoins to receive more attention, as ETH is the largest representative of all altcoins in the crypto market. As mentioned, I expect the success of this financial product, followed by the price increase of ETH and the start of altseason in Q1 2025.
The existence of an Ethereum ETF gives hope to crypto investors that the price of Ethereum will rise, but it turns out that reality says otherwise, the price of Ethereum seems to be struggling and has difficulty touching $3K, so I think the Ethereum ETF has no positive impact on Ethereum, let alone other altcoins. I also think if the ETF is successful and makes Bitcoin touch ATH, why doesn't the Ethereum ETF have a positive impact. Lately we have also heard questions about submitting ETF proposals.
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The launch of a spot ETH ETF is a necessary condition for altcoins to receive more attention, as ETH is the largest representative of all altcoins in the crypto market. As mentioned, I expect the success of this financial product, followed by the price increase of ETH and the start of altseason in Q1 2025.
The existence of an Ethereum ETF gives hope to crypto investors that the price of Ethereum will rise, but it turns out that reality says otherwise, the price of Ethereum seems to be struggling and has difficulty touching $3K, so I think the Ethereum ETF has no positive impact on Ethereum, let alone other altcoins. I also think if the ETF is successful and makes Bitcoin touch ATH, why doesn't the Ethereum ETF have a positive impact. Lately we have also heard questions about submitting ETF proposals.
I also think so why the price of ethereum did not rise high when the ethereum ETF was approved, this is also the thought of many people. Some say because bitcoin is declining and some say because we have not entered the altcoins season. but in my opinion ethereum ETF is not as good as bitcoin ETF, because after all bitcoin is the king and the most popular among all coins.
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The existence of an Ethereum ETF gives hope to crypto investors that the price of Ethereum will rise, but it turns out that reality says otherwise, the price of Ethereum seems to be struggling and has difficulty touching $3K, so I think the Ethereum ETF has no positive impact on Ethereum, let alone other altcoins. I also think if the ETF is successful and makes Bitcoin touch ATH, why doesn't the Ethereum ETF have a positive impact. Lately we have also heard questions about submitting ETF proposals.
The price drop immediately after the spot ETF was approved has happened before with BTC, when BTC fell from 49K to 39K, causing a market panic. Therefore, I'm not surprised to see the continued outflow of funds from the spot ETH ETF and ETH price dropping in line with the overall market trend. Once the selling pressure from Grayscale customers is fully absorbed, we can expect inflows and ETH price to rise strongly thanks to the additional momentum from the spot ETF.
For an altseason to occur, capital needs to shift to altcoins, and a rise in ETH price will be a reliable signal for investors to reallocate their funds from BTC to altcoins. Funds will flow into ETH and top coins, then into various trends and many smaller-cap tokens.
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If we compare the data of BTC ETF and ETH ETF then we get that the eth etf not work as btc...
but as of now, just look last few week, except grayscale all are accumulating slowly.
fidelity hv big outflow yesterday in btc, but they buy small portion of eth etf.
I never expected the Etheruem ETF to have exceeded the Bitcoin ETF in term of price or trading volume of the markets. Bitcoin has been maintaining the lead which has also resulted in market dominance.
The accumulation of Etheruem on the ETF market look very low because there seem to be less promotions and hype about it. I think that Etheruem may not gather that momentum we saw on the Bitcoin ETF sales. In facts, investors like Fidelity, Grayscale are all given the Etheruem ETF a trial to see how other investors follow the trends. This is just my thoughts.
I think that you will be created to best comments in this topic. We know that ethereum is the second crypto in cryptocurrency market. But we also see that ethereum ETF is better than bitcoin. We also know that if we saw the trading volume, we can see ethereum ETF is high level than bitcoin ETF. I expect that gradually ethereum ETF will increase. So i believe that ethereum price and ETF will spread in all crypto currency markets.
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I think that you will be created to best comments in this topic. We know that ethereum is the second crypto in cryptocurrency market. But we also see that ethereum ETF is better than bitcoin. We also know that if we saw the trading volume, we can see ethereum ETF is high level than bitcoin ETF. I expect that gradually ethereum ETF will increase. So i believe that ethereum price and ETF will spread in all crypto currency markets.
We cannot deny the role and impact of ETH in the crypto market. It's no coincidence that BlackRock chose ETH over XRP, BNB, or SOL for their spot ETF!
I share your belief in the success of the spot ETH ETF in the near future, especially as investors become more optimistic about the future of this market and start investing more in the most promising tokens, which will certainly include ETH. Then ETH price will surge when supply cannot meet demand.