Ethereum

Spot

James

<ul class="news-points">
 <li>Joe Lubin warns of a potential Ether shortage with the launch of the Spot Ether ETF, raising supply concerns.</li>
 <li>Bloomberg analysts increase Ether ETF approval odds to 75%, signaling a significant shift in market sentiment.</li>
 <li>ETH sees a substantial surge, trading at $3,757 with 27% of the supply staked, highlighting growing market interest.</li>
</ul>
Ethereum co-founder Joe Lubin has warned of a <a href="https://www.dlnews.com/articles/markets/ethereum-co-founder-on-why-the-etfs-will-create-a-supply-crunch/" target="_blank" rel="noopener noreferrer nofollow">potential scarcity</a> in the Ether (ETH) supply following the launch of the Spot Ether ETF. While anticipation of the ETF launch grows, Lubin asserted that the “floodgate” of ETH demand might lead to a significant shortage in supply.
Though the community was initially pessimistic about the SEC’s decision on Ether ETFs, <a href="https://www.foxbusiness.com/markets/sec-signals-possible-approval-anticipated-spot-ethereum-etf" target="_blank" rel="noopener noreferrer nofollow">reports suggest</a> a potential approval of nine Ether ETF issuers’ applications this week. Meanwhile, Bloomberg’s ETF analysts Eric Balchunas and James Seyffart <a href="https://coinedition.com/fidelity-amends-ethereum-etf-application-to-address-sec-concerns/" rel="noopener noreferrer nofollow">raised their odds</a> of Ether ETF approval from 25% to 75%.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Update: <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JSeyff</a> and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/crypto-market-eyes-ether-etf-approval-lubin-cautions-on-supply-constraints/" rel="noopener noreferrer nofollow">Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints

Coin Edition

2024년 5월 22일에 게재된 다른 기사

Open Campus (EDU) soars 35% amid Animoca Brands intent to buy more tokens

What to Expect for ETH and Overall Crypto Prices if Ethereum Spot ETFs are Approved? 7 Analysts W...

Former FTX Exec Ryan Salame Faces Up to 7 Years in Prison

Top 3 Best cryptos to invest in for Maximum Profit: Solana, Shiba Inu, and Milei Moneda

Gala Co-Founder Confirms Hack, Says Security Incident Led to Unauthorized Sale of $21,000,000 Wor...

Danger for the dollar! The BRICS confirm the development of a common currency!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!