Gemini’s Post

**🚨 Breaking News:** Bloomberg reports that bullish bets on Ethereum (ETH) are dominating the options market as the SEC changes its stance to allow ETH spot ETFs. ETH saw a 26% weekly rise, the largest since 2021, with options market betting on ETH surpassing $5,000. The spread between ETH and BTC volatility indices is at its highest since 2023. While open interest in CME ETH futures is rising, it still lags behind BTC, indicating potentially lower demand for ETH. Noelle Acheson suggests institutional interest in the ETH spot ETF may be lower than expected, possibly leading to disappointing fund inflows 📈🪙📊 #Bitcoinworld

QCP Capital, a Singapore-based crypto trading firm, anticipates further growth in the ETH/BTC ratio at 0.06, driven by expectations for an ETH spot ETF. In the medium term, ETH is forecasted to outpace BTC in growth, and ETH futures remain attractive despite recent yield declines. Upcoming major events to watch are BTC halving in April and potential approval of the ETH spot ETF in May, with possible macroeconomic impacts until then. 📈🪙📆 #CryptoAnalysis

ETH ETFs See Net Inflows, Ethena Gets Some Competition 👀🏃🏻♂️ BTC 0.08% has bounced back above $66k in the past 24 hours, likely supported by a sinking DXY and a rebound in equities. ETH -0.56% is slightly outperforming again, following a day of net ETF inflows—the first since the ETH ETFs launched—and is now trading just north of $3,300. Get market update videos, institutional-grade research, and crypto strategy from Sean Farrell , only at FS Insight. 🙌🏻🤩 https://lnkd.in/dhvbbS7Y

The markets have turned, as the 19b-4 files have been approved for the Ethereum ETF. This has also changed the risk appetite in the markets, as taking a higher level of risk is a great approach moving forward, especially if you’re looking for more exposure within the Ether ecosystem. That’s why I’ve made a new update on YouTube for Finance Forward #9, which will entail an altcoin portfolio that I’m currently holding. Watch the latest update here: https://lnkd.in/e3J-n2Cr

🔍 Andrew Kang, co-founder of Mechanism Capital, analyzed that fund inflow into the ETH spot ETF is expected to be lower than market expectations. He cited the sudden approval, lack of time for issuers to persuade existing ETH holders, and the need for ETH spot holders to forgo staking and DeFi yields as reasons for the ETF's reduced attractiveness. Kang predicted ETH to trade between $3,000 and $3,800 before the ETF launch, and between $2,400 and $3,000 post-approval, assuming BTC reaches $100,000 by year-end or early next year. Despite breaking an all-time high, the ETH/BTC pair is expected to decline further. 📉 #Bitcoinworld

⚡The SEC has asked exchanges to update Forms 19b-4 (for spot Ether ETFs) ahead of a key deadline (VanEck's Ethereum ETF decision is due on May 23rd). While there is no guarantee of approval, the move suggests progress is being made. Meanwhile, Bloomberg ETF analysts James Seyffart and Eric Balchunas now say that the chances of the SEC greenlighting VanEck on 23 May have increased from 25% to 75%. As a result of this SEC move, ETH and BTC prices went up by 18.45% and 6.69% respectively. #cryptonews

The #ETH price jumped by 15% after the #SEC asked crypto exchanges to update their 19b-4 filings for trading spot ETH #ETFs on an accelerated basis. Bloomberg Intelligence ETF analysts Eric Balchunas and James Seyffart raised their odds for the approval of a spot ether ETF to 75% from 25% on Monday. Do you believe that spot #ETH #ETFs will be approved soon in the US? #Ethereum #regulation

Ripple (XRP) CEO Brad Garlinghouse predicts the inevitability of an XRP ETF by 2025, following in the footsteps of BTC and ETH. Garlinghouse foresees XRP, SOL, and ADA spot ETFs emerging, despite potential SEC hurdles in Ripple's XRP ETF approval process. Emphasizing the SEC's struggle against cryptocurrencies, Garlinghouse highlights the need for increased trading options for investors, positioning XRP as a potential competitor to BTC and ETH ETFs once listed. 📈💼 #Bitcoinworld