2024-08-01 09:00:08
Markets
Finance
Stocks

The Impact of Ethereum ETFs on Crypto Markets

The recent approval of Ethereum ETFs by the SEC has sparked significant interest in the crypto market. Analysts predict that these ETFs will attract billions in inflows and may even accelerate the growth of Bitcoin ETFs.

The success of these new products will be closely monitored, with trading volumes in the first few weeks seen as an indicator of real demand. Key players such as Grayscale, BlackRock, and Fidelity are expected to be involved in the Ethereum ETF space.

Despite initial outflows, there are expectations that Ethereum will rally similar to Bitcoin after its ETF launch. Sygnum Bank even forecasts that Ethereum ETFs could reach $10 billion in assets under management within the first year.

However, the sluggish price performance of Ethereum, influenced by external factors like elections and Mt. Gox selloffs, has dampened sentiment. Overall, the approval of Ethereum ETFs is seen as a step in the right direction for traditional finance, but concerns about self-custody and risks remain.

Additionally, there is growing interest in other cryptocurrencies, such as Solana, for potential ETF offerings. Moreover, the involvement of top U.S. hedge funds in crypto, including investments in Bitcoin and Bitcoin ETFs, reflects the increasing confidence in cryptocurrencies as an inflation hedge.

The Street
31. Juli 2024 um 12:46

The most important thing to watch when Ethereum ETFs start trading

Finance
Cryptocurrencies & blockchain
Ethereum ETFs approved by SEC, set to begin trading; analysts predict billions in inflows; Bitwise CIO Matt Hougan believes ETH ETFs will not cannibalize Bitcoin ETFs, may accelerate their growth; Bloomberg analyst James Seyffart to watch trading volumes over first weeks as indicator of real demand; Grayscale, BlackRock, Fidelity among key players; Bitcoin ETFs attracted $15 billion in 5 months; Seyffart estimates Ethereum ETFs may attract one-fifth of that.
The Street
8. August 2024 um 12:56

Ethereum ETFs attract $33.6 million in fresh capital

Finance
Ethereum ETFs gained $33.6M; 9 ETFs saw $563.22M in volumes; Grayscale Ethereum Trust had outflows; BlackRock, Fidelity, Grayscale funds saw inflows; Ethereum ETFs had $1.1B in trades on debut, nearly 25% of Bitcoin's $4.6B on Jan 11; ETFs debuting in summer months; ETFs face competition, with one winner emerging.
The Street
6. August 2024 um 21:45

Why Ethereum could finally be setting up to rally off new ETF launches

Finance
Cryptocurrencies & blockchain
New Ethereum ETFs saw $340M outflows, but analyst expects Ethereum to rally like Bitcoin did after its ETF launch, as Grayscale's Ethereum Trust (ETHE) outflows slow. Fundstrat's $7,000 price target for Ethereum on a multi-week time frame. Bitcoin ETF launch and Grayscale's Bitcoin Trust (GBTC) outflows also discussed. Upcoming Fed policy meeting and potential rate cuts mentioned. Analyst comments from Coinage interview.
The Defiant
1. August 2024 um 07:29

ETH Bounces Back Amid ETF Inflows

Finance
Cryptocurrencies & blockchain
Ether is showing its first signs of relative strength since spot Ethereum ETFs launched on July 23.The ETH/BTC ratio is up 5% off the lows set on July 27 after the Ethereum ETFs recorded their first net inflows on July 30. Blackrock’s ETHA led the pack and was responsible for $118 million of the $141.6 million total inflows. Meanwhile, Grayscale’s ETHE offloaded another $120.3 million.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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