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After The SEC's Approval Of, 11 Spot Bitcoin ETF's. Analysts Have Pegged A 70% Chance, Of An Ethereum ETF Approval, By May... 🎯 🎯 Crypto market watchers and analysts, have predicted that, it’s likely that a spot Ethereum ETF could be approved this year, and possiblyby May. Comments come as on Wednesday, the US based securities regulator, the Securities and Exchange Commission, Chair, Gary Gensler. Begrudgingly approved 11 Spot Bitcoin Exchange-Traded Funds, or otherwise known as ETF's, sparking a new era for digital assets. Now, the question on everybody's minds, is whether or not, Ethereum ETFs are actually, far behind. If you ask online bettors, ETF pundits, and crypto market analysts, they all agree: Ethereum ETF's, are absolutely next in line! #WillAnEthereumETFBeNext... 🤷 🤷 Its argued, there is a 74% chance that an Ethereum ETF will be approved by May 31st, according to online bettors on the prediction market, Polymarket. Bloomberg Intelligence analyst and crypto’s go-to ETF pundit, Eric Balchunas, has similarly put the odds of the SEC giving Ethereum funds a thumbs up by May at 70%. Arguing, the SEC has to decide on several Ethereum ETF applications by May 23. Financial powerhouses BlackRock, Fidelity, and Ark Invest are already among the institutions that have applied for Spot Ethereum ETFs. Which has accordingly, led to market analysts also expecting, that a Spot Ethereum ETF may actually, also be in the works. Gautam Chhugani, MD at investment advisory firm, Bernstein, wrote in a research report on Thursday "with Ethereum futures ETF already live and Ethereum futures trading on CME, the same rationale for ETF Spot approval should apply”. Also this week, Standard Chartered analysts wrote in a research report, "the SEC is ultimately likely to allow Spot ETH ETFs”, as Gensler has not previously listed Ethereum among the coins and tokens the agency deem, securities. The analysts also hinted how they thought the price of Bitcoin and Ethereum may change in the lead-up to a potential approval, looking at how the price of gold and silver changed when their respective exchange-traded products, were launched in 2004 and 2006. They analysts argued, “gold outperformed after its ETP was introduced in the US, presumably on actual inflows, whereas silver outperformed in the lead-up to its ETP (presumably on anticipated flows into the relatively less liquid silver market)”. Additionally that, “silver then gave back its relative performance after its ETP was officially introduced.” That said, some have remained on the more cautious side, like, Leah Wald, CEO of alternative asset management firm Valkyrie, who argued. "It's taken a very long time to get the SEC comfortable with Bitcoin ETFs...we have a lot of work to do to get the agency comfortable about Ethereum". #ISanETHEREUMETFreallyNEXTontheSECsAGENDA... 📌📌 #LFGoooETHEREUM... 🚀🚀

ETF has similarities to bonds, shares, and options in being financial instruments traded on an exchange. Disadvantages : Performance disconnect: ETF performance may not perfectly mirror the underlying asset, due to factors like tracking errors and fees. Holding Btc directly ensures complete exposure to its price movements. Counterparty risk: Holding an ETF exposes you to the risk of the ETF issuer, whereas owning Bitcoin directly eliminates this risk. Limited control: ETF investors hold shares representing Bitcoin, not the actual Bitcoin itself. This means they lack direct control over their digital assets and may face restrictions on transferring or using them. Potential limitations of Bitcoin ETFs compared to holding Bitcoin: Exposure to traditional financial markets: ETF prices are influenced by traditional financial markets and may not fully reflect the intrinsic value of BTC. Potential manipulation: ETFs can be susceptible to manipulation by large investors, potentially impacting their price movements. Loss of some key benefits of Bitcoin: Owning Bitcoin directly allows you to take advantage of its censorship resistance, decentralization, and potential as a store of value, which may be less applicable to ETF holdings.

After The SEC's Approval Of, 11 Spot Bitcoin ETF's. Analysts Have Pegged A 70% Chance, Of An Ethereum ETF Approval, By May... 🎯 🎯 Crypto market watchers and analysts, have predicted that, it’s likely that a spot Ethereum ETF could be approved this year, and possiblyby May. Comments come as on Wednesday, the US based securities regulator, the Securities and Exchange Commission, Chair, Gary Gensler. Begrudgingly approved 11 Spot Bitcoin Exchange-Traded Funds, or otherwise known as ETF's, sparking a new era for digital assets. Now, the question on everybody's minds, is whether or not, Ethereum ETFs are actually, far behind. If you ask online bettors, ETF pundits, and crypto market analysts, they all agree: Ethereum ETF's, are absolutely next in line! #WillAnEthereumETFBeNext... 🤷 🤷 Its argued, there is a 74% chance that an Ethereum ETF will be approved by May 31st, according to online bettors on the prediction market, Polymarket. Bloomberg Intelligence analyst and crypto’s go-to ETF pundit, Eric Balchunas, has similarly put the odds of the SEC giving Ethereum funds a thumbs up by May at 70%. Arguing, the SEC has to decide on several Ethereum ETF applications by May 23. Financial powerhouses BlackRock, Fidelity, and Ark Invest are already among the institutions that have applied for Spot Ethereum ETFs. Which has accordingly, led to market analysts also expecting, that a Spot Ethereum ETF may actually, also be in the works. Gautam Chhugani, MD at investment advisory firm, Bernstein, wrote in a research report on Thursday "with Ethereum futures ETF already live and Ethereum futures trading on CME, the same rationale for ETF Spot approval should apply”. Also this week, Standard Chartered analysts wrote in a research report, "the SEC is ultimately likely to allow Spot ETH ETFs”, as Gensler has not previously listed Ethereum among the coins and tokens the agency deem, securities. The analysts also hinted how they thought the price of Bitcoin and Ethereum may change in the lead-up to a potential approval, looking at how the price of gold and silver changed when their respective exchange-traded products, were launched in 2004 and 2006. They analysts argued, “gold outperformed after its ETP was introduced in the US, presumably on actual inflows, whereas silver outperformed in the lead-up to its ETP (presumably on anticipated flows into the relatively less liquid silver market)”. Additionally that, “silver then gave back its relative performance after its ETP was officially introduced.” That said, some have remained on the more cautious side, like, Leah Wald, CEO of alternative asset management firm Valkyrie, who argued. "It's taken a very long time to get the SEC comfortable with Bitcoin ETFs...we have a lot of work to do to get the agency comfortable about Ethereum". #ISanETHEREUMETFreallyNEXTontheSECsAGENDA... 📌📌 #LFGoooETHEREUM... 🚀🚀

Check out the latest news on the launch of spot Bitcoin ETFs! Trading volumes have already surged to almost $4.6 billion on day one, with BlackRock's fund alone reaching over $1 billion. Meanwhile, the Ethereum community is buzzing with excitement as the chances of spot Ether ETFs gaining SEC approval are at a promising 70% by May, according to Bloomberg analyst Eric Balchunas. The price of Ether has already seen a sharp 8% jump in just two days, with a 20% climb over the past week. Stay tuned for more updates on this exciting development! #etheretf #bitcoinetf #blackrock #blockbase

🌟 Exciting Update! 🌟 A reliable source suggests that the SEC could approve a spot Ethereum ETF by July 4th! 🚀 Could this be the game-changer for Ethereum's market? Swipe up to read more about what this could mean for investors and the broader crypto landscape! 🔗 https://lnkd.in/eRc5Aq3C #Ethereum #CryptoNews #ETFApproval #InvestInCrypto #CryptoUpdate #July4th

U.S. Securities and Exchange Commission to approve Spot Bitcoin ETF by January 10th, 2024 The clock is ticking and world's largest asset management companies are preparing for the launch. 🚀 SEC signaled imminent approval and set the deadline for spot BTC ETF updates to December 29th. We can expect the first batch of approvals in early January 2024. BlackRock communicated seeding spot BTC ETF, called IBIT, with $10mil on January 3rd, 2024 - just days before the SEC is expected to approve. Massive crypto bull market is about to start soon and billions of $ of liquidity 💦 will come into the crypto industry. #bitcoin #spot #etf #sec #blackrock Follow me 👉 & hit the 🔔 on my LinkedIn to receive all content. 📲 Share with your network. ✍️ Provide feedback in comments. 📩 DM me if you want to speak more.

The ETH ETF has been approved in the U.S. and Swarm co-founder Philipp Pieper spoke to Samuel Haig at The Defiant about what this means for capital inflows into the asset. Pieper expects an underwhelming initial market response to the funds launching. “For an indication of what this will do in the short term, we can look to the experience of the #bitcoin ETF earlier in the year,” Pieper said. “On this basis, we’d imagine the reaction to the market will be muted initially, even with some selling pressure.” However, Pieper anticipates a “major capital reallocation” into #ETH over the medium term, likely driving upward price pressure for #Ethereum. 👉 Read more here https://lnkd.in/emhFu32G

Coinbase's David Duong, CFA and David H. highlight the success of the spot Bitcoin ETFs which received net inflows of $3.3B in one month, noting according to Bloomberg, BlackRock’s IBIT and Fidelity’s FBTC are “among the top 0.1% when it comes to new ETF launches out of the about 5,500 that took place over the past 30 years.” Michael Saylor, on CNBC recently said “There’s ten times as much demand for bitcoin coming into these ETFs as there is supply coming from the natural sellers who are the miners”. This is alongside the anticipation of an #Ether spot ETF as Franklin Templeton became the eight applicant for such a product, joining the likes of BlackRock, Fidelity and VanEck. The digital asset market seems poised to have an impressive 2024! #digitalassets #btc #bitcoin #etf #ethereum #eth

It is a crucial week for Bitcoin investors as the SEC is poised to deliver its verdict on several spot Bitcoin ETF applications. The possible outcomes range from full approval to outright rejection or a selective approach, leaving nothing certain.

Hong Kong is going to allow in-kind creations and redemptions for spot bitcoin ETFs in 2Q. This has the potential to change the global ETF paradigm as it will have an entirely different relationship between supply and demand compared to US competitors. #bitcoin