Ethereum

Bitcoin ETF

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-etf-applications-take-center-stage-following-bitcoin-etf-approval/" data-wpel-link="internal">Ethereum ETF Applications Take Center Stage Following Bitcoin ETF Approval</a><br></p>
<p style="text-align: justify">Spot <a href="https://en.coin-turk.com/bitcoin-price-climbs-as-investors-queue-for-potential-spot-bitcoin-etf/" data-wpel-link="internal">Bitcoin</a> ETF approval has everyone looking forward to the next big announcement. Profit-taking has tempered the excitement. However, as the final decision dates for Ethereum ETF applications approach in the coming months, they will become a much more central focus for investors.</p> 
<h2 style="text-align: justify" id="spot-eth-etf">Spot ETH ETF</h2> 
<p style="text-align: justify">High optimism for the ETH price is due to reasons such as its growing ecosystem, staking income, and the advantage of negative inflation gained with the transition to Proof of Stake (PoS). This will also enable qualified investors to access a different crypto product than BTC with a potential ETF approval. While BTC remains limited as a store of value, Ethereum embodies the narrative of next-generation <a href="https://newslinker.co/category/technology/" data-wpel-link="exclude">technology</a> finance.</p> 
<p style="text-align: justify">There are several reasons to be optimistic about the near-future approval of spot Ether exchange-traded funds (ETFs). The first reason is, of course, the Bitcoin ETF approvals. The SEC has not explicitly legitimized it but has given approval, suggesting the same could be done for ETH.</p> 
<p style="text-align: justify">Secondly, Ether must be seen as a commodity by the SEC. <strong>Gensler</strong> repeatedly states that most altcoins are securities. His admission that even a small portion are commodities is significant because ETH is very different in structure from other cryptocurrencies and is completely decentralized.</p> 
<p style="text-align: justify"><strong>Ether</strong> has received assurances from many individuals/institutions, including the US Commodity Futures Trading Commission, the UK’s Financial Conduct Authority, and Bloomberg’s ETF analysts, that it is a commodity.</p> 
<h2 style="text-align: justify" id="after-the-spot-bitcoin-etf">After the Spot Bitcoin ETF</h2> 
<p style="text-align: justify">According to a recent survey by Bitwise Asset Management, 98% of clients with crypto investments aim to increase their crypto investment in 2024 and support ETH. Fidelity’s research director Chris Kuiper recently explained at length why Ether is a better option for institutional investors than Bitcoin.</p> 
<figure id="attachment_310540" aria-describedby="caption-attachment-310540" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="wp-image-310540 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/ETH-ETF-Son-Tarihler.png" alt="" width="821" height="291">
 <figcaption id="caption-attachment-310540" class="wp-caption-text">
  ETH ETF final decision dates are in March-May
 </figcaption>
</figure> 
<p style="text-align: justify">Applications awaiting SEC approval, such as the Fidelity Ethereum Fund, WisdomTree Ethereum Trust, and BlackRock’s iShares Ethereum Trust, will reach their final decision dates by mid-year, and these financial giants will strive to attract investors to this more appetizing Ether narrative.</p> 
<p style="text-align: justify">Under these conditions, Ether, with a market value smaller than Bitcoin’s, is expected to gain value much more rapidly and may even reach five-figure sums.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-etf-applications-take-center-stage-following-bitcoin-etf-approval/" data-wpel-link="internal">Ethereum ETF Applications Take Center Stage Following Bitcoin ETF Approval</a></h5>

Ethereum ETF Applications Take Center Stage Following Bitcoin ETF Approval

Table of Contents

COINTURK NEWS

Other articles published on Feb 2, 2024

Three Arrows Capital Linked Exchange OPNX Declares Shutdown

Bull Token Price Prediction: BULL Soars 99% As This New GameFi Star Rockets Past $8 Million

Chainlink (LINK) Gains Traction Amid Real-World Asset Interest

Machine learning algorithm predicts Ethereum price for February 29, 2024

Shiba Inu Burn Rate Spikes 600% With 115 Mln Tokens Up In Flames

Market Dynamics and Predictions for Solana (SOL) as It Dips Below $100

Join our free newsletter for daily crypto updates!