Although the Securities Exchange Commission (SEC) has approved eight Ethereum ETFs, including BlackRock and Fidelity, unlike Bitcoin ETFs that went live the day after they were approved, these ETFs may still take weeks or months to officially trade.
In this regard, several industry analysts said that the delay in the launch of ETFs may actually be conducive to the rise in the price of Ethereum. Simon Peters, an analyst at eToro, pointed out that savvy cryptocurrency investors can now buy Ethereum first, in the hope of profiting when the ETF is officially traded and billions of dollars of potential inflows. Brian Rudick, an analyst at GSR Research, also believes that the delay in the launch of ETFs is partly good news, because the unexpected approval of the SEC caught most people off guard, and now the delay gives the market time to brew expectations, which will help to increase the inflow of funds in the early stage of the ETF launch, thus driving the ETH price higher.
Analysis: The delay in the launch of the Ethereum ETF may be conducive to the rise in the price of Ethereum
2024-05-24 16:25:11
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
分析：以太坊ETF上线延迟或将利于以太坊价格上涨Next article：
加密货币治理咨询公司MetaLeX完成275万美元融资
