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

[Hamza2424]

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

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

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

Hmm, Well rejection is another extreme that is not likely going to happen as ETH is no longer just an altcoin, The ETH is the core of DeFi, and considering how crazily the ETH network ecosystem is growing with so many L2 and other Dapps it is not likely going to happen that SEC rejects the ETH's ETF. ETH shares a significant market dominance and in a couple of months, it might grow to another level.

ETH ETF may face some delays but I'm quite confident that before Bitcoin's halving Event, ETH's ETF will get the SEC's approval. Anyway, there's still time lets wait for how SEC react's on the ETF approvals for ETH, but a spot ETF is not going to be a big deal.

[Wiseman]

I have no doubts about this scenario 🚀🚀🚀

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

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

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

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

I think that they are all in the same boat and deliberately make a show with this disapproval and then approval, now they are just waiting for the moment to make more money, corruption is everywhere, somewhere it is not as visible as here, but I can suspect that it is not without it and they are all interested in making money and not in something else.

[Peter90]

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

So can there be one within 2024? I am not actually so sure of that but it can be safe to predict there can be one in 2025 most especially if Gary Gensler will out from SEC.

If Trump wins in November, forget Gensler 
Within A Trump administration there would be a much more cryptos friendly SEC, but much more important a Trump administration would end Operation Choke Point 2, just as they did with Operation Choke Point.


OPERATION CHOKE POINT 2.0: HOW U.S. REGULATORS FIGHT BITCOIN WITH FINANCIAL CENSORSHIP

“The reason that we are focused on financial institutions and payment processors is because they are the so-called bottlenecks, or choke-points, in the fraud committed by so many merchants that victimize consumers and launder their illegal proceeds,” Bresnickat explained to the club. “We hope to close the access to the banking system that mass marketing fraudsters enjoy — effectively putting a choke hold on it…”

This concerted effort, later labeled “Operation Choke Point”, targeted a wide range of business categories, including ammunition sales, drug paraphernalia, payday loans, dating services, pornography, telemarketing, tobacco sales, and government grants.

“The clandestine Operation Choke Point had more in common with a purge of ideological foes than a regulatory enforcement action”, wrote Frank Keating, a former governor of Oklahoma who served in the DOJ during the Reagan administration, in a 2018 editorial for The Hill. “It targeted wide swaths of businesses with little regard for whether legal businesses were swept up and harmed. In fact, that seemed to be the goal.”

In 2017, the Trump administration’s DOJ wrote a letter to Congress indicating that Operation Choke Point was officially over.

[damsix]

I think Ethereum will follow bitcoin, ETF Ethereum will be approved by SEC. I heard the prediction it will happen at may this year. But We don't know the exact month.

Oh yes? Really?? Is it true that this Ethereum ETF will be approved in May?
Can you provide relevant news regarding the Ehereum ETF that will be received in May?

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

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

Well, I'm starting to guess because people from this ETF can also disguise themselves as ordinary cryptocurrency traders and register their accounts on Binance or Coinbase.
I mean, these ETF people know when Ethereum will rise when the ETF Good news is there and when Ethereum will fall in price because they are ETF people who have the Bad news, so they can know to buy at the right time when it goes down.

I think negatively because it seems like Bitcoin's tricks are like that, Bitcoin trading is played with ups and downs by ETFs people.
And now "maybe" is the time for Ethereum to be played by people from ETFs. I didn't expect something like this if it really happened.

[Peter90]

Franklin Templeton Joins Ethereum ETF Race

The asset manager is also one of the issuers of a spot bitcoin exchange-traded fund but hasn’t seen the same success as frontrunners BlackRock and Fidelity.
Franklin Templeton has applied for a spot Ethereum exchange-traded fund (ETF), a filing with the Securities and Exchange Commission (SEC) shows.
The asset manager joins BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, who have all submitted applications in recent months.

coindesk.com

Thread title updated!

[Peter90]

Grayscale, Coinbase Sit Down With SEC Over Spot Ether ETF

Grayscale is seeking to convert its Ethereum Trust - which tracks the market price of Ether - into an ETF, similar to the conversion of its Bitcoin Trust to an ETF in January.

According to a presentation shared by the SEC, Coinbase argued that the same reasoning that led to the approval of Bitcoin ETFs should be applied to Ether since the token has “mechanisms that significantly limit ETH’s susceptibility to fraud and manipulation.”


Grayscale is also proposing a second ETF for Ether futures trading.
The main difference between spot and futures markets is that spot market assets are traded immediately, whereas, in the futures market, contracts are made to buy or sell assets at a future date for a specific price.


Several asset managers, including Invesco, Galaxy Digital, Fidelity, Franklin Templeton and BlackRock, are seeking the green light for a spot Ether ETF.

Final deadlines for an SEC decision are expected in May.

cointelegraph.com

[Peter90]

Desperate Dems Demand SEC Block All Future Crypto ETFs, Pressure Brokers Due To "Enormous Risks"

Fox Business' Eleanor Terrett posted on X last night that optimism about the SEC approving the Ether spot ETFs by May 23rd is waning:

"Based on my conversations with people familiar, meetings in recent weeks have been very much one sided, with issuers and custodians trying to rally SEC staff to get the process rolling, but staff not really engaging in meaningful ways like they did with the bitcoin spot ETF applications.

Why?
I’m told that Gary Gensler believes he already placated the industry with the approval of the bitcoin spot ETFs. Also, influential anti-crypto politicians like Sen. Warren are already angry at the SEC for approving the bitcoin ETFs in the first place and are rallying against the same thing happening for Ether.

One source tells me:
“Staff has been very hard to gauge on this and we’re not sure if anyone really knows what’s going on in their heads. But they’re going to have to start work soon if it’s going to have a shot.”


Ether has dropped on the news overnight...



zerohedge.com

[electronicash]

^ maybe it will take more than 1 filing for ETF approval before SEC will approve it.
so its possible its not on MAY but a month or 2 later it will be approved. there is nothing much to argue with this after all, these big names filing their ETFs can do more wonders than Lisa Warren.

institutional adoption of crypto is here  already and SEC knows its going to come like it or not. they would rather see crypto rise for the future than yuan adopted everywhere that's for sure.

[bitmover]

^ maybe it will take more than 1 filing for ETF approval before SEC will approve it.
so its possible its not on MAY but a month or 2 later it will be approved. there is nothing much to argue with this after all, these big names filing their ETFs can do more wonders than Lisa Warren.

This is very optimistic imo.

Ethereum has been performing badly lately.  I am even afraid that Solana may flip and become the 2nd cryptocurrency.  Ethereum is losing users in its ecosystem and Solana is growing very fast...

An eth etf would certianly change things.

[yhiaali3]

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

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

This is not a small problem. This is a big problem in the structure of Ethereum itself. Since the Ethereum network depends on gas paid with ETH, this will cause a big problem for the network if huge amounts of Ethereum are stored in ETF funds in the event of approval.

I think this will be an issue for the network itself that could affect its performance and continued operation, in addition to other legal issues such as Ethereum being considered a security by the SEC.

These problems make me wonder that if approved, will the ETH Spot ETF perform like the BTC Spot ETF? Can it achieve the same success or will it falter?

[Google+]

This is not a small problem. This is a big problem in the structure of Ethereum itself. Since the Ethereum network depends on gas paid with ETH, this will cause a big problem for the network if huge amounts of Ethereum are stored in ETF funds in the event of approval.

I think this will be an issue for the network itself that could affect its performance and continued operation, in addition to other legal issues such as Ethereum being considered a security by the SEC.

These problems make me wonder that if approved, will the ETH Spot ETF perform like the BTC Spot ETF? Can it achieve the same success or will it falter?

Indeed, many people will experience doubts when they see that Ethereum still has many shortcomings, such as high gas fees and unlimited Ethereum supply, which also makes Ethereum very dangerous when entering ETF trading.
However, I'm sure the SEC has carefully considered this issue and hopefully there will be good news when the ETF makes its announcement.

[Peter90]

I think this will be an issue for the network itself that could affect its performance and continued operation, in addition to other legal issues such as Ethereum being considered a security by the SEC.

Bingo!

"After the publication of this article, Fortune reported the SEC is seeking to classify ETH as a security, a move that would have major implications for Ethereum, an ETH ETF and crypto as a whole."

Ethereum Dumps'n'Pumps After 'Leak' About 'SEC Campaign To Classify As A Security'

[Peter90]

May 23 is the date of the approval which I doubt so it will be moved to probably twice before they will approve it.

^ maybe it will take more than 1 filing for ETF approval before SEC will approve it.
so its possible its not on MAY but a month or 2 later it will be approved.

Hi EC
it looks like you (and 33% of the poll voters) were right!


"Nevertheless, the SEC seems dead-set on slow-playing the ETH ETF and Bloomberg's James Seyfartt and Eric Balchunas have lowered their odds of approval by May 23rd notably...





Public sentiment appears to have also fallen, with Polymarket odds for Ether ETFs being approved by the end of May dwindling to 32%, down from January’s 77% odds.



zerohedge.com

[bitterguy28]

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

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

that is something many does not understand but look at the whole forum and people keep talking about their holdings.

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


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

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

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

Seriously ? you are calling a valid arguments as trolling? if you cannot carry criticism then do not post at all because this is an open forum that we can say anything as long as this is not against the rule of the forum.

[36B]

I think this will be an issue for the network itself that could affect its performance and continued operation, in addition to other legal issues such as Ethereum being considered a security by the SEC.

Bingo!

"After the publication of this article, Fortune reported the SEC is seeking to classify ETH as a security, a move that would have major implications for Ethereum, an ETH ETF and crypto as a whole."

Ethereum Dumps'n'Pumps After 'Leak' About 'SEC Campaign To Classify As A Security'

Nice catch mate, With this news Ethereum Developers should pay close attention and should at least resolve this issue before Ethereum enters ETF Spot. For traders, they must be able to take advantage of price movements like those that occur in Ethereum to make a profit, price movements like this are what traders are really waiting for.