Ethereum

Bitcoin

Spot

Trillion

<div class="watcher-guru">
 <p>The anticipation of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval in the U.S. is one of the drivers of the recent crypto market surge. However, analysts expect a spot Ethereum (ETH) ETF to follow closely behind a spot Bitcoin (BTC) ETF.</p>
 <p>According to Raoul Pal, the spot Bitcoin and Ethereum ETFs are some of the most significant developments in the industry. The macro economy expert anticipates the spot BTC and ETH ETF to behave like a halving event. The expert does not expect a price surge instantly but in a gradual manner.</p>
 <p><strong>Also Read: Over $4.5B Worth of Bitcoin and Ethereum Options Set to Expire</strong></p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <p>According to Pal, <strong>“The ETH spot ETF will happen as well; of course, it’ll be later; as soon as the Bitcoin one is done, they’ll front run it by going to the ETH one because they know that’s the next one.”</strong></p>
 <p>Pal further added, <strong>“The Bitcoin ETF, I don’t think of the as a one-off event. People think of it as this liquidity injection into the crypto economy, and I’m saying it’s a trade agreement.”&nbsp;</strong></p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <h3 class="wp-block-heading" id="h-why-will-a-spot-bitcoin-and-ethereum-etf-boost-the-crypto-market">Why will a spot Bitcoin and Ethereum ETF boost the crypto market?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp" alt="Ethereum Whales Selling Like There is No Tomorrow: Report" class="wp-image-115668" srcset="https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 1024w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 300w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 768w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 380w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 550w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 800w, https://cdn.thebittimes.com/images/2023/10/31/cd81e3d24715aa8e1d264902ca1f8966.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Bitcoinist
  </figcaption>
 </figure>
 <p>According to Pal, one of the biggest hurdles for institutions entering the crypto industry is the lack of proper regulations. However, the introduction of a spot ETF may bring in more protection for institutions. Moreover, a spot Bitcoin (BTC) and Ethereum (ETH) ETF will bring significant institutional money into the sector. The inflow of institutional funds will most likely lead to a surge in the price of both assets.</p>
 <p><strong>Also Read: $15 Trillion Could Enter the Markets for Bitcoin Upon Spot-Based ETF</strong></p>
 <p>Moreover, Pal anticipates other institutions, such as&nbsp;pension funds and asset managers, to step into the crypto space over time. The new players will further boost the market’s liquidity and growth.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>ethereum</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/spot-ethereum-etf-to-follow-spot-bitcoin-etf-says-analyst-tbt68419.html">https://thebittimes.com/spot-ethereum-etf-to-follow-spot-bitcoin-etf-says-analyst-tbt68419.html</a></p>

Spot Ethereum ETF To Follow Spot Bitcoin ETF: Says Analyst

Inhoudsopgave

TheBitTimes

Andere artikelen gepubliceerd op 30 okt 2023

Uphold Bets Big on XRP: $1.28B Investment Signals Bullish Outlook

Bitcoin Enters Bull Market: Analyst Predicts $50,000 Price

‘Be greedy, not fearful:’ crypto influencer’s bullish Bitcoin outlook

Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler

Web3 Education Platform Rise In Acquires BlockBeam to Train the Next Generation of Web3 Developer...

Hong Kong Monetary Authority drops major hints on CBDC potential — What you need to know now

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!