Will spot ETH ETF trigger altseason?

[pakhitheboss]

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.

[Fivestar4everMVP]

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.

[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.

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.

[sampoerna]

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.

[TomPluz]

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.

[KryptoBull]

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!

[UNIVERSE]

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.

[Trongduy]

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.

[KryptoBull]

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.

[dwyane36]

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.

[NikeFit_7777]

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?

[KryptoBull]

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

[sampoerna]

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.
------

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

[pakhitheboss]

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, 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.

[dwyane36]

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.