Traditional financial instruments have long had an impact on the bitcoin market. The recent buzz revolves on (ETH) and the possibility of numerous futures exchange traded funds (ETFs) being listed in the United States. This development has the potential to be a big stimulus for price, sending it to new all-time highs. According to a recent …
Traditional financial instruments have long had an impact on the bitcoin market. The recent buzz revolves on (ETH) and the possibility of numerous futures exchange traded funds (ETFs) being listed in the United States. This development has the potential to be a big stimulus for price, sending it to new all-time highs.
According to a recent Wall Street Journal (WSJ) report, the Securities and Exchange Commission (SEC) is considering permitting numerous Ethereum futures ETFs to be listed at the same time. This would be a big step forward for the cryptocurrency industry, as it would be the first time that -based ETFs would be available to US investors.
Notably, Volatility Shares has announced that an Ethereum futures ETF will be launched on October 12. What’s more, the SEC hasn’t asked the firm to withdraw its application since it was filed in July, indicating a positive outlook.
The launch of Ethereum futures ETFs in the US market may result in an influx of institutional capital. In the past, the launch of Bitcoin futures in December 2017 was followed by a big price increase, and a similar trend might be expected ahead.
A quick peek at Ethereum’s recent price performance reveals that it is currently trading at around $1,668.03. While this is still lower than its all-time high, the optimistic news about probable ETF listings could serve as a powerful bullish impetus. The expectation of growing institutional interest and the institutionalization of Ethereum as an investment vehicle via ETFs might generate significant demand, pushing prices higher.
However, while the news is encouraging, the real impact on Ethereum’s price will be determined by a variety of circumstances, including broader market mood, regulatory developments, and the actual launch of the ETFs. Before making any investing selections, investors should exercise caution and undertake extensive study.
Risk disclaimer:
Please note that this article does not offer any instructions or suggestions regarding investment decisions. It is important for you to conduct your own research or seek professional advice from a qualified professional before conducting an investment decision.
