Will spot ETH ETF trigger altseason?

[KryptoBull]

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
Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• 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.

[MrSpasybo]

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.

[electronicash]

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.

[Hamza2424]

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.

[Baofeng]

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.

[dwyane36]

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.

[NikeFit_7777]

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).

[KryptoBull]

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.

[bee]

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.

[vegasus]

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.

[bayu7adi]

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.

[pakhitheboss]

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.

[KryptoBull]

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!

[Husires]

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

[KryptoBull]

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.