No one

James

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-ether-etf-and-sparks-market-interest/" data-wpel-link="internal">SEC Approves Ether ETF and Sparks Market Interest</a> 
Bitcoin ETF had initiated a significant surge in the <a href="https://en.coin-turk.com/faruk-fatih-ozer-main-suspect-in-thodex-incident-denies-all-accusations-in-court/" data-wpel-link="internal">crypto market</a>, and now it’s Ethereum (ETH)’s turn. As the end of sales in Germany approaches and the US inflation data is awaited, the first major <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> will be the SEC’s announcement of the listing date. This could break the months-long decline. 
<h2 style="text-align: justify" id="bloomberg-eth-etf-predictions">Bloomberg ETH ETF Predictions</h2> 
SEC approved the Ether ETF after reversing its stance. However, due to a last-minute change, the filings were not completed as quickly as expected. The final listing date will be determined once the revised S-1 Form files, which have been updated several times, are submitted to the SEC. The final versions were submitted to the SEC by the issuers today. 
What is the expected inflow after ETH ETF listings on exchanges? Bloomberg Senior ETF Specialist James Seyffart commented: 
<blockquote> 
 “My estimate is about 20-25% of the net flows seen by bitcoin ETFs. This means a net inflow of 3-4 billion dollars in the first 6 months. These numbers would make ETH one of the most successful launches of all time. Perhaps second only to Bitcoin. What are we talking about here? No one knows the future. It’s all a guess. Of course, it’s an educated guess, but why do you care so much about our predictions regarding the demand for some ETFs? Don’t you have more important things to worry about?” 
</blockquote> 
<h2 style="text-align: justify" id="eth-etf-and-crypto">ETH ETF and Crypto</h2> 
If James’s prediction comes true, a new bullish period could be seen for ETH and altcoins in general. The BTC ETF had triggered significant price increases, pushing the leading cryptocurrency to its all-time high. ETH, on the other hand, has the potential to break BTC’s dominance in the market to some extent, accelerating cash inflows to altcoins. 
We should remember the days when ETHE issued by Grayscale experienced high negative premiums and could face similar mass exits like GBTC. If this happens, ETH could be shaken by strong net outflows in the initial listing period, reinforcing the sell-the-news narrative. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369471 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/ETHUSDT_2024-07-10_17-28-05.png" alt="" width="1814" height="836"> 
Ultimately, while traditional market <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> show intense interest in BTC, a balanced ETH exit environment could create a positive atmosphere in the market. Moreover, the US elections at the end of the year and potential Fed rate cuts could support this bullish narrative. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-approves-ether-etf-and-sparks-market-interest/" data-wpel-link="internal">SEC Approves Ether ETF and Sparks Market Interest</a></h5>

SEC Approves Ether ETF and Sparks Market Interest

목차

COINTURK NEWS

2024년 7월 10일에 게재된 다른 기사

Avalanche Aims Higher As Price Continues To Gain Pace Above $23.50

Bitcoin Transaction Fees Plummet to Four-Year Lows Amidst Miner’s Continue Selling

Early July Bulls Waver: Bitcoin Drops Below $60k, Altcoins Face Negative Funding

XRP News: XRP Analyst Predicts 710X Surge to $305 Amid Bullish Candlestick Patterns

Solana Summer 2.0? Why DeFi Bulls are Placing Huge Bets on This Cryptocurrency

CROSS THE AGES Unveils ReVerse, Integrating Real World Assets with Virtual Gaming

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!