Waves

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-etf-focus-rises-as-bitcoin-etf-makes-waves">Ethereum ETF Focus Rises as Bitcoin ETF Makes Waves</a><br></p>
<p style="text-align: justify"> Following the unprecedented launch of spot <a href="https://en.bitcoinhaber.net/bitcoin-climbs-to-new-heights-overtaking-major-companies-in-market-value">Bitcoin</a> ETFs, the financial industry has turned its gaze towards Ethereum-based ETFs. In January, the introduction of Bitcoin ETFs transformed the market, causing price fluctuations that led to record highs. The spotlight is now on the U.S. Securities and Exchange Commission (SEC) to see if they will approve spot <a href="https://en.bitcoinhaber.net/ethereum-searches-for-stable-ground-as-prices-fluctuate">Ethereum</a> ETFs. In a bold move, Fidelity Investments recently submitted an S-1 form to signal their foray into Ethereum ETFs. </p> 
<h2 id="market-reactions-to-fidelity-s-forward-step">Market Reactions to Fidelity’s Forward Step</h2> 
<p style="text-align: justify"> Despite the market uncertainty and the SEC’s stance that Bitcoin ETFs were adequate for now, Fidelity—managing over $4.5 trillion in assets—has filed for an Ethereum ETF with staking features. This step, however, did not significantly affect Ethereum’s value. </p> 
<p style="text-align: justify"> Before this filing, the industry was rife with skepticism, with experts and investors bracing for potential rejection of an Ethereum ETF. Yet some leaders within significant financial institutions maintained an optimistic outlook. </p> 
<h2 id="ethereum-s-price-and-market-reaction">Ethereum’s Price and Market Reaction</h2> 
<p style="text-align: justify"> Amidst these ETF developments, Ethereum’s price remained subdued, continuing its downward trend. Currently trading at $3,524, Ethereum’s market capitalization has dipped to $422 billion, with trading volume seeing a 12% decline to $18.1 billion. </p> 
<p style="text-align: justify"> This lackluster performance could be interpreted in various ways, such as waning interest in the <a href="https://en.bitcoinhaber.net/standard-chartered-joins-chinese-digital-yuan-testing-phase">cryptocurrency</a> or investors’ reluctance to sell at a loss. Despite the market’s hesitancy, the potential for an Ethereum ETF continues to generate interest and speculation among market participants.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-etf-focus-rises-as-bitcoin-etf-makes-waves">Ethereum ETF Focus Rises as Bitcoin ETF Makes Waves</a></h5>

Ethereum ETF Focus Rises as Bitcoin ETF Makes Waves

Table of Contents

BH NEWS

Other articles published on Mar 27, 2024

Lawmakers demand SEC clarity on ETH, pressing for definitive digital asset regulations

Polygon (MATIC) Buyers Turn to This Emerging DeFi Project for 1200x Gains After 12-Hour Polygon N...

Sam Bankman-Fried Faces Impact Statements From FTX Users: Court Filing

KuCoin Fate Similar To FTX? Here’s What CryptoQuant CEO Says

Visa Forced To Lower Fees + Solana vs. Apple Monopoly Heats Up!

Munchables’ former developer behind the hack returns stolen funds

Join our free newsletter for daily crypto updates!