Will spot ETH ETF trigger altseason?

[dwyane36]

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.

There will definitely be a flow of funds to ETH as well as to other alts, but I think that BTC will still continue to dominate the market. It's worth noting that the dominance of ETH has been around 20% for a very long time. If I'm not mistaken, the dominance of ETH has only once been over 30%, and that was in '17.

[KryptoBull]

There will definitely be a flow of funds to ETH as well as to other alts, but I think that BTC will still continue to dominate the market. It's worth noting that the dominance of ETH has been around 20% for a very long time. If I'm not mistaken, the dominance of ETH has only once been over 30%, and that was in '17.

BTC.D might decrease, but ETH.D might not increase because the market now has many other very good projects, and their native tokens are competitive enough with ETH in terms of marketcap, such as BNB, SOL, TON... Even when ETH price increases, we will see stronger price increases from other altcoins because they have significantly smaller marketcap compared to ETH.

I'm not good at technical analysis, so I can't be sure when BTC.D will decrease or when ETH.D will increase. I only believe that certain cash flows will move to altcoins, and the first signal of this event is that ETH price will increase strongly. Currently, the selling pressure of spot ETH ETF has decreased, and I'm waiting for the price recovery of ETH!

[Yamane_Keto]

Sorry for bumping this topic but Grayscale Ethereum Trust Records Zero Outflows for the First Time Post ETF Conversion

According to the data compiled by SoSoValue, VanEck Ethereum Trust (ETHV) was the only fund to have recorded net outflows on August 12th with $2.92 million – the first since July 23. Simultaneously, other ETFs like the Grayscale Ethereum Mini Trust (ETH) and Invesco Galaxy Ethereum ETF (QETH) did not register any flows.

While BlackRock’s iShares Ethereum Trust (ETHA) also recorded zero inflows for the day, the fund has experienced significant growth since its launch on July 23rd.

In fact, ETHA has attracted more than $901 million in inflows. This figure positions BlackRock as the leader in the Ethereum ETF market, outpacing rivals like Fidelity Investments, Bitwise, Grayscale Investments, and VanEck.

this is a sign that the price of Ethereum will start moving positively if the buying and cash flows to ETFs continue as they have in the past.

[KryptoBull]

this is a sign that the price of Ethereum will start moving positively if the buying and cash flows to ETFs continue as they have in the past.

Good news, thank you for sharing so we all know that the selling pressure from Grayscale customers has dried up and we can prepare to welcome the positive impacts of inflows into spot ETH ETFs. This could start with a price increase of ETH, FOMO for Ether Layer-2 native tokens and then many other tokens in the market.

I am quite surprised that this event happened faster than expected, I used to think that we had to witness outflows from Grayscale customers throughout Q3 2024. Perhaps Grayscale customers are willing to continue holding to get a bigger profit from the price increase of ETH in the uptrend.

[NikeFit_7777]

The outflow from Ethereum-ETF slowed down to $98 mln, but the negative dynamics persists for four days (cumulatively $439 mln). The outflow from Grayscale exceeded $1.7 billion.

In the bitcoin-ETF segment, on the contrary, positive dynamics persists. At the end of yesterday's session the net inflow amounted to $124 mln.

[KryptoBull]

The outflow from Ethereum-ETF slowed down to $98 mln, but the negative dynamics persists for four days (cumulatively $439 mln). The outflow from Grayscale exceeded $1.7 billion.

In the bitcoin-ETF segment, on the contrary, positive dynamics persists. At the end of yesterday's session the net inflow amounted to $124 mln.

Perhaps many of Grayscale's clients are still looking to sell their spot ETH ETFs to take profits or switch to services offered by other funds with lower management fees. We need more patience for these outflows to slow down and cease, after which inflows will dominate and we will see its positive impact on ETH price.

Spot BTC ETFs have not disappointed us, and even the launch of spot ETH ETFs has not distracted traditional investors. They still choose spot ETFs based on BTC to achieve the greatest possible safety when seeking profits in the crypto market. I hope that ETH's price performance in the near future will be better than BTC and change this view of traditional investors in the US stock market.

[NikeFit_7777]

Ethereum ETFs finally see their first inflows. Ethereum ETFs recorded their first inflows after four days of outflows, with net inflows totaling $33.7 million.

At the same time, the spot Bitcoin ETFs recorded a net outflow of $18 million.

P.S. Each inflow gets bigger! Do you keep this asset in your portfolio? What are your thoughts? 

[MrSpasybo]

Ethereum ETFs finally see their first inflows. Ethereum ETFs recorded their first inflows after four days of outflows, with net inflows totaling $33.7 million.

At the same time, the spot Bitcoin ETFs recorded a net outflow of $18 million.

P.S. Each inflow gets bigger! Do you keep this asset in your portfolio? What are your thoughts? 

I think the current outflows from ETH Spot ETFs are completely normal, given the current bearish market and the fact that Grayscale customers have a need to withdraw their ETH to personal accounts or switch to other ETH Spot ETFs with lower management fees. Once these selling pressures subside and are fully absorbed, we will see inflows and ETH price in the Spot market will also be pumped strongly.

Unfortunately, ETH Spot ETFs were not launched during a bullish market when investors were FOMO. However, if I am holding ETH, I will continue to hold ETH to achieve greater profits in the bullrun. This temporary price drop may be necessary for us to see strong growth in the ETH price in Q4 and then the explosion of Altseason.

[KryptoBull]

I think the current outflows from ETH Spot ETFs are completely normal, given the current bearish market and the fact that Grayscale customers have a need to withdraw their ETH to personal accounts or switch to other ETH Spot ETFs with lower management fees. Once these selling pressures subside and are fully absorbed, we will see inflows and ETH price in the Spot market will also be pumped strongly.

Unfortunately, ETH Spot ETFs were not launched during a bullish market when investors were FOMO. However, if I am holding ETH, I will continue to hold ETH to achieve greater profits in the bullrun. This temporary price drop may be necessary for us to see strong growth in the ETH price in Q4 and then the explosion of Altseason.

Spot BTC ETFs also witnessed outflows immediately after approval, and the spot ETH ETF is repeating this pattern due to the enormous amount of ETH previously held by Grayscale Trust ETH. I don't think investors are surprised by this, they just don't want to believe it!

For long-term investors, inflows and outflows of the spot ETH ETF are not something to worry about. In fact, the investor anxiety that is causing the ETH price to drop is a good opportunity for them to accumulate more ETH at lower prices. I believe that once we see inflows into the spot ETH ETF, the ETH price will rise and lead to an altseason in Q4.

[Lucius]

There are only two possible outcomes regarding spot ETH ETFs, the first is that it will not succeed as much as some are hoping, and the second is that it will take much longer than was the case with BTC.

If we look at the numbers, they say that on August 30, 2024, the spot ETH ETF market was worth about $7 billion, while the spot BTC ETF was worth about $54 billion, of course this is only about the US market. What is important to point out is that Grayscale holds about $4.5 billion worth of ETH, which means that it will be the main source of supply for all other ETFs for a long time - and this means that we should not expect the price of ETH to move by itself if BTC does not move the market.

[KryptoBull]

There are only two possible outcomes regarding spot ETH ETFs, the first is that it will not succeed as much as some are hoping, and the second is that it will take much longer than was the case with BTC.

If we look at the numbers, they say that on August 30, 2024, the spot ETH ETF market was worth about $7 billion, while the spot BTC ETF was worth about $54 billion, of course this is only about the US market. What is important to point out is that Grayscale holds about $4.5 billion worth of ETH, which means that it will be the main source of supply for all other ETFs for a long time - and this means that we should not expect the price of ETH to move by itself if BTC does not move the market.

I really hope that the ETH spot ETF will be successful because it has many positive impacts. It can help push the ETH price up, which in turn creates FOMO in the market and leads to an altseason. It's also a necessary condition for traditional investors to have confidence in many spot ETFs based on altcoins, and we can have spot ETFs for SOL, ADA, XRP, DOT, etc.

Currently, everything related to the spot ETH ETF is quite negative due to selling pressure from Grayscale and the adjustment of BTC price, along with the fear in the financial market. Perhaps things will improve in Q4 this year or Q1 next year, when new money flows into the market and investors start to pay attention to the uptrend in the crypto market.

[Lucius]

I really hope that the ETH spot ETF will be successful because it has many positive impacts. It can help push the ETH price up, which in turn creates FOMO in the market and leads to an altseason. It's also a necessary condition for traditional investors to have confidence in many spot ETFs based on altcoins, and we can have spot ETFs for SOL, ADA, XRP, DOT, etc.

I honestly doubt that trading with altcoins through spot ETFs could be as successful as BTC for the simple reason that altcoins (most) will never succeed in creating such a level of trust that someone would invest tens of billions of dollars in them.

I'm not saying that they won't be traded in that way, but the bulk of the money will go mainly in one direction for a long time.

Currently, everything related to the spot ETH ETF is quite negative due to selling pressure from Grayscale and the adjustment of BTC price, along with the fear in the financial market. Perhaps things will improve in Q4 this year or Q1 next year, when new money flows into the market and investors start to pay attention to the uptrend in the crypto market.

What is true is that Grayscale has about $4.5 billion worth of ETH in its possession, but it is also true that there is not even a similar appetite of investors to invest in that altcoin. I would not agree that there is some kind of special fear in the markets, considering that interest rates in the US will be cut for the first time after 2020, and they will be reduced even more in the EU, since they have already been cut.

I hope that exciting months await us, and right now there is no reason not to be optimistic.

[sagarmota10]

If we compare the data of BTC ETF and ETH ETF then we get that the eth etf not work as btc...

but as of now, just look last  few week, except grayscale all are accumulating slowly.

fidelity hv big outflow yesterday in btc, but they buy small portion of eth etf.

[KryptoBull]

I honestly doubt that trading with altcoins through spot ETFs could be as successful as BTC for the simple reason that altcoins (most) will never succeed in creating such a level of trust that someone would invest tens of billions of dollars in them.

I'm not saying that they won't be traded in that way, but the bulk of the money will go mainly in one direction for a long time.

What is true is that Grayscale has about $4.5 billion worth of ETH in its possession, but it is also true that there is not even a similar appetite of investors to invest in that altcoin. I would not agree that there is some kind of special fear in the markets, considering that interest rates in the US will be cut for the first time after 2020, and they will be reduced even more in the EU, since they have already been cut.

I hope that exciting months await us, and right now there is no reason not to be optimistic.

We all know that BTC has more fame and prestige than all altcoins in the market, but we still have altseason when investors expect to receive higher returns from altcoins. The sideways movement of BTC price in an uptrend will be an opportunity for many altcoins to grow.

The same thing can happen with spot ETH ETF. It is still just an investment product with returns based on the ETH price in the market. Investors can continue to trust BTC or sell spot BTC ETF to buy spot ETH ETF to get double the profit in altseason. I believe that market sentiment is reflected in all assets, including spot ETFs, so at some point, spot ETH ETF will explode along with the price increase of ETH and many other top coins in the market.

[Lucius]

@KryptoBull, these are all expectations and speculations, and only time will tell if altcoins can follow BTC as it was the case in the past. Of course, when it comes to profit, investors want to make a lot out of a little money, but for many, "betting" on altcoins often did not pay off, and I believe that they have become quite careful about what they do with their money.

In any case, we will not have to wait for years to find out the answer to these questions, because if the bull run happens, then it will be in the next 12 to a maximum of 15 months. Money will be earned, money will be lost - but the game will never end.

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