Why the demand of Ether not changing much despite Ether ETFs being approved?

[dwyane36]

The negative market reaction is probably due to the first outflow from Ethereum-ETF in the US. At the end of yesterday's session, $133 mln was withdrawn from the funds, leveling the results of the first day.

In fact, only Grayscale recorded an outflow of $326 million ($810 million over two days), while other funds attracted funds.

The trading volume on the second day exceeded $1 bln.

Well, the trading volumes of spot ETH-ETFs turned out to be much lower than the trading volumes of spot BTC-ETFs in the first days, and it's not surprising. As for the outflow of funds, similar things happened during the first days of trading spot BTC-ETFs. The main reason is that Grayscale has a 2.5% fee, which is much higher than other competing funds.

[Hamza2424]

Buddy, I am in the same curiosity, TBH hah it's supper frustrating because I've been waiting for the heavy pumps in the ETH for a long time, it's really disappointing but still, I have hopes as the previous few weeks were so pressuring for the crypto market. ETH is gonna hit hard in this cycle but seems like, for now its testing our patience on a high level. Layer 2 is going to be the best gainer in the ETH ecosystem in my views.

[bitterguy28]

Buddy, I am in the same curiosity, TBH hah it's supper frustrating because I've been waiting for the heavy pumps in the ETH for a long time, it's really disappointing but still, I have hopes as the previous few weeks were so pressuring for the crypto market.

bitcoin experienced some dumping these past few weeks and i guess the approval of eth ethereum was not enough to fight back that maybe it just was not the best timing

ETH is gonna hit hard in this cycle but seems like, for now its testing our patience on a high level.

well that is what's really hard about holding and people who say it is easy do not understand the mental capacity you need to have to make sure you see your investments through anyway i do believe that once bitcoin breaks its resistance levels we will see ethereum follow suit so yes patience is definitely what holders of ethereum need at these times

i do wonder again whether this can affect the plans of more etf for other crypto? the next one might not come as soon considering the performance of etf eth right now

[Hamza2424]

bitcoin experienced some dumping these past few weeks and i guess the approval of eth ethereum was not enough to fight back that maybe it just was not the best timing

Hmm, As for Bitcoin there were some rumors about Biden's health issues, that can most likely impact the market in negative sides, at the same time the story of 200k Bitcoin under US treasury is also in peak, I cant understand how and where, as I've read the articles total seized amount of Bitcoins by different countries, and US seized 210k BTC and out that they sold 195k back in time, and now these days a few influencers are mentioning the 200k Bitcoins again, I'm not sure is that the same Bitcoin or different if you have any idea about hat, let me know. Becasue i can't find any reference to such a big holding by US.

[bee]

I am not so sure that this ETF is the only way for US residents to get exposure to ETH as as far as I know there are no restrictions on owning it onchain or using crypto exchanges. The ETF market will not affect the natural demand for ETH in any way. Unless an ETF is approved in a country like China, you can probably expect high demand.

[doc]

Considering the political landscape, I suspect this will become another partisan issue, but that aside... People need to realize they don't have to fight the system; they can take control of their lives by switching to crypto. There might be some bumps along the road in the next few years, but anyone betting against crypto in the long run will lose.

agreed, crypto is a technological advancement, no one will be able to resist progress because in the end they will definitely lose. Crypto will be more popular and popular with many people in the future, we should start learning and understanding this technology. I also sometimes regret that the government in a country rejects crypto, will they oppose future technological advances? Wouldn't it be better to learn to adopt from now on?

[pieppiep]

Considering the political landscape, I suspect this will become another partisan issue, but that aside... People need to realize they don't have to fight the system; they can take control of their lives by switching to crypto. There might be some bumps along the road in the next few years, but anyone betting against crypto in the long run will lose.

agreed, crypto is a technological advancement, no one will be able to resist progress because in the end they will definitely lose. Crypto will be more popular and popular with many people in the future, we should start learning and understanding this technology. I also sometimes regret that the government in a country rejects crypto, will they oppose future technological advances? Wouldn't it be better to learn to adopt from now on?

Well, this is the actual evidence of this concept in the process of development of the digital currency. Sometimes, paper money is not used. Technology advances and in the near future there will be development of electronic money digital currency including Bitcoin, Ethereum amongst others. In short, every government has a policy for its own country. Due to the fact that not all the countries declare the legality of the circulation of Cryptocurrency.

[Vision pro]

Do you think that Ether's different ETF approval process is a political influence or something else?

First of all, let me ask you the reason why your title and the subject of your topic do not correlate. Then I am confused to understand why are you questioning an ETF that is already being traded in the market. Addressing your topic title I would say be patient and you will see the effect of the ETF showing up in the cryptocurrency market in a few days. When Bitcoin ETF started trading the price of Bitcoin did not go up on the same day rather it took a few days or weeks to see the price go up.

It seems you're addressing a discrepancy between the title and content of a discussion, specifically regarding an ETF that has already launched in the market. Titles should indeed reflect the core focus of the discussion, and if there's a mismatch, it can lead to confusion. Your suggestion of being patient is also well-founded, as the impact of ETFs, like any significant financial product, can take time to influence the broader market. The initial reaction might not always reflect the long-term effects on asset prices.

[Hamza2424]

Hmm, this is an old post, but the same question still exists, ETH is still under pressure and I'm now losing confidence as after today because I was expecting a great volume in ETH but what can we do with that except keep patience, on the mark? Anyway still if we recover from this super pressurizing market point ETH is gonna perform with blasting momentum.

[erus]

It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.

[malah]

It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.

Well, Understanding Ethereum price movements about investment is in the market requires certain particular attention and data analysis. It is possible to take realistic actions to enhance the P-O-L-C framework by analysing the timing for purchases or waiting for the right moment. During this period, which can be considered as the waiting period for potential future price hikes, we can work on increasing our understanding of what assets we own, and where the capital should go. It will assist us to minimise unrealistic expectations, and instead equip ourselves with qualitatively rich information. Every single activity being worked on today marks the way towards improvements in subsequent results.

[Azharul]

It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.

Well, Understanding Ethereum price movements about investment is in the market requires certain particular attention and data analysis. It is possible to take realistic actions to enhance the P-O-L-C framework by analysing the timing for purchases or waiting for the right moment. During this period, which can be considered as the waiting period for potential future price hikes, we can work on increasing our understanding of what assets we own, and where the capital should go. It will assist us to minimise unrealistic expectations, and instead equip ourselves with qualitatively rich information. Every single activity being worked on today marks the way towards improvements in subsequent results.

I think that you could explain in your comment, which will be perfect for this time. We also know that Ethereum is the second level crypto in cryptocurrency market. We also know that Ethereum ETF is also the main thing in this time. I think that voting system is also approve based on this time. We also think that market division is also response for this situation. But I don't think political influence could be main reason for this reason. At least I think that within a short time Ethereum ETF will coming in cryptocurrency market.

[bitterguy28]

It takes the right time for ETH to rise to 100%, if the current price of Ethereum is around 2200 dollars and if it rises 100% it means the price is 4400, a very expensive value and of course today is not the time to buy Ethereum. Maybe next year when the price of ETH exceeds 8000 dollars. This is my opinion and this my expectations.

thank god that you clarified that this is your opinion and your expectation of ethereum because it goes against what i think is the common concept in all kinds of investment markets if you expect ethereum to rise 100% at a certain point of time then should you not be buying ethereum now? why would you buy ethereum when it is exceeding the price now when by the time if ethereum has reached $8000 you already should have been using that opportunity to take profit and not still chasing that coin just to acquire some

[KryptoBull]

I am not so sure that this ETF is the only way for US residents to get exposure to ETH as as far as I know there are no restrictions on owning it onchain or using crypto exchanges. The ETF market will not affect the natural demand for ETH in any way. Unless an ETF is approved in a country like China, you can probably expect high demand.

More precisely, a spot ETH ETF is the simplest way for traditional investors in the US to invest in ETH without facing technological barriers or the risks of self-custodying ETH in personal wallets. They are accustomed to investing in the stock market, so they will be ready to buy financial products like spot ETFs from reputable issuers such as BlackRock.

As the demand for spot ETH ETFs increases, the amount of ETH on the market will be absorbed, and buying pressure will rise, driving up ETH price. At least that's what we want to see, and I believe we will see a simultaneous increase in inflows into spot ETH ETF and ETH price on the market in 2025.