Ethereum’s ETF Launch to Be Overshadowed by Bitcoin ETFs

Investors are about to have even more options when choosing ETFs. The Bitcoin ETFs are already on the market, but when Ethereum ETFs release, they may not make quite the same impact.

These new Ethereum ETFs are expected to make a splash when they hit the market, causing the Ethereum price to shoot up. We saw ETH’s rate climb when spot ether ETFs were approved recently by the US Securities and Exchange Commission. We may see similar action once some of those Ethereum ETFs release.

Already, eight companies have gained SEC approval to launch their ETFs. Bitwise Ethereum ETF and Grayscale Ethereum Trust are on this list, among others. The ETFs will be listed on major exchanges like the Nasdaq, the New York Stock Exchange, and the Chicago Board Options Exchange.  

Many of the funds are already filing S-1 forms so that they can get regulator approval. The approval process could take a while, as much as a few weeks, but many exchanges are expecting to begin trading by the middle of July.

Ethereum Price Expectation

Analysts do expect to see Ethereum benefit from the ETFs to be released. These ETFs will give investors exposure to Ethereum without some of the associated risks.

The expectation is that once they come onto the market, Ethereum could see as much as a 22% increase. That would place Ethereum’s price around $4,700, as it is currently $2,988 (ETH/USD). The coin has stayed flat recently, with just a 0.06% increase today from yesterday. The token is stabilizing after a lengthy fall that took the coin from $3,891 down to $2,832.

The crypto market could be in for another bear run, but investors hope that the imminent release of the Ethereum ETFs will help salvage the situation.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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