Will spot ETH ETF trigger altseason?

[akeemqaz]

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.

[KryptoBull]

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.

[Hamza2424]

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.

[UNIVERSE]

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. 

[KryptoBull]

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.

[NikeFit_7777]

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.

[Faisal2202]

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?

[KryptoBull]

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.

[NikeFit_7777]

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?

[KryptoBull]

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.

[dwyane36]

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.

[dekafee79]

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.

[NikeFit_7777]

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.

[NotATether]

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.

[MrSpasybo]

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.