Ethereum

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spotlight-on-ethereum-etfs-following-bitcoin-etf-developments/" data-wpel-link="internal">Spotlight on Ethereum ETFs Following Bitcoin ETF Developments</a><br></p>
<p style="text-align: justify">After significant developments in spot <a href="https://coin-turk.com/bitcoin-fiyati-halving-ile-bu-seviyeye-gelebilir" data-wpel-link="internal">Bitcoin</a> <strong>ETFs</strong>, attention has shifted to <a href="https://coin-turk.com/teknik-analiz-bitcoin-ve-ethereumda-kritik-seviyeler-dikkat" data-wpel-link="internal">Ethereum</a> ETFs. Following their approval in January, spot <a href="https://en.coin-turk.com/bitcoin-holding-becomes-profitable-for-80-of-investors/" data-wpel-link="internal">Bitcoin</a> ETFs, dubbed the largest ETF launch in history, changed all market dynamics. The price initially plummeted, then soared to historic highs, refreshing its all-time high (ATH) for consecutive days. Subsequently, everyone turned their eyes to the <a href="https://en.coin-turk.com/what-is-tron-trx/" data-wpel-link="internal">SEC</a> for spot <a href="https://en.coin-turk.com/ethereum-eth-price-forecast-and-market-excitement/" data-wpel-link="internal">Ethereum</a> ETFs. Just moments ago, Fidelity took a new step by filling out the S-1 form.</p> 
<h2 style="text-align: justify" id="fidelity-s-etf-move-and-current-status">Fidelity’s ETF Move and Current Status</h2> 
<p style="text-align: justify">Statements emerging in recent months had cast a shadow of pessimism over investors expecting a spot Ethereum ETF following the spot Bitcoin ETF. Leading figures in the market had been making statements suggesting to be prepared for a possible rejection.</p> 
<p style="text-align: justify"><strong>Eleanor Terret</strong> and top ETF experts in the market had been making increasingly downbeat statements one after another. Despite this, some executives of major institutions continued to hold high expectations.</p> 
<p style="text-align: justify">On the other hand, news from the SEC that spot Bitcoin ETFs were sufficient cast a shadow over the expectations of hopeful investors.</p> 
<p style="text-align: justify">Ignoring all this, Fidelity, a $4.5 trillion asset management company, recently filled out the S-1 form that includes staking, taking a bold new step. However, this move had little impact on the price of Ethereum.</p> 
<h2 style="text-align: justify" id="current-situation-with-ethereum">Current Situation with Ethereum</h2> 
<p style="text-align: justify">While all this was happening, eyes were also on the price of Ethereum. Ethereum’s price did not show a strong performance following the news and continued its decline.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-334070" src="https://coin-turk.com/wp-content/uploads/2024/03/ethereum-fiyat-grafik-coin-turk-com.png" alt="" width="1835" height="857"></p> 
<p style="text-align: justify">At the time of writing, Ethereum is trading at $3,524. This price movement can be interpreted as Ethereum not displaying a strong outlook despite the existing market hesitation.</p> 
<p style="text-align: justify">Ethereum’s (ETH) market cap has fallen to $422 billion, while the 24-hour trading volume is at $18.1 billion, indicating a 12% decrease.</p> 
<p style="text-align: justify">Generally, such declines can be interpreted in different ways. Sometimes they are seen as a decrease in interest in cryptocurrency, while in other cases, they may be viewed as investors not wanting to execute trades to avoid selling their Ethereum investments at a loss.</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/spotlight-on-ethereum-etfs-following-bitcoin-etf-developments/" data-wpel-link="internal">Spotlight on Ethereum ETFs Following Bitcoin ETF Developments</a></h5>

Spotlight on Ethereum ETFs Following Bitcoin ETF Developments

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