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팀 세력, SEPOWER
Ethereum ETF Approval Forecast and Expected Effects Analysis Report [100x Increase Cryptocurrency Investment Bitcoin/NFT/Airdrop]
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Summarized by durumis AI
- The approval of Ethereum ETFs is expected to have a positive impact on the cryptocurrency market, particularly energizing the altcoin market.
- According to Galaxy Research, Ethereum ETFs are expected to see about $5 billion in net inflows in the first five months, similar to Bitcoin ETFs, which is about 30% of the net inflows of Bitcoin ETFs.
- Ethereum ETFs are expected to attract more funds by providing wider accessibility to institutions and investors, and supporting diverse investment strategies that include Ethereum in their portfolios.
Hello, SEPOWER!
Bitcoin has been falling steadily, and altcoins have been underground for a long time, continuously digging deeper into the basement.
Three months have passed since the halving. Considering that the previous cycle saw a downward trend for about 5-6 months after the halving, it seems like we still need some more time.
The approval of the Bitcoin ETF brought in a lot of capital. With the halving leading to a shortage of supply and a price increase, forming a bubble, this halving could be the biggest one yet!
If you are an investor who understands the value of Bitcoin and doesn't mind short-term adverse events or price volatility, it's best to wait patiently until the end of the year.
This seems like a time when we need the courage to recognize the value and invest when everyone else says no.
The altcoin situation is not looking good, so I would like to introduce a report related to the Ethereum ETF approval, which could turn things around!
Recently, news has come out that an Ethereum ETF is about to be approved. This report is written by Galaxy Research, and compares the market reaction to the Bitcoin ETF approval to predict the impact of the Ethereum ETF.
1) Background
For months, observers and analysts have been skeptical about the US Securities and Exchange Commission's (SEC) potential approval of a spot-based Ethereum exchange-traded product (ETP).
However, the recent SEC approval of Ethereum ETF applications has changed the situation. The Galaxy report predicts the demand for the Ethereum ETF based on the Bitcoin ETF.
On May 20, 2024, Bloomberg analysts raised the probability of the SEC approving the Ethereum ETF to 75%. Currently, nine issuers are competing to launch ten Ethereum spot ETFs in the United States. The SEC approved all 19b-4 applications on May 23, and Ethereum spot ETFs are expected to begin trading in July 2024.
2) Inflow of Capital to Bitcoin ETF
Bitcoin ETF has recorded a net inflow of approximately $15.1 billion since its launch on January 11, 2024, until June 15, 2024.
The Ethereum ETF is expected to receive 20% to 50% of the capital inflow of the Bitcoin ETF during its first five months. The target is 30%, which means a net inflow of $1 billion per month.
3) Estimated Inflow of Capital to Ethereum ETF
Similar to the Bitcoin ETF, the Ethereum ETF will likely have investment advisors, banks, or investors affiliated with brokers/dealers as its main investors.
A net inflow of approximately $5 billion is expected during the first five months, which is about 30% of the Bitcoin ETF's net inflow.
Additionally, Ethereum is expected to be more susceptible to ETF capital inflows due to the significant amount of locked-up assets in staking, bridges, and smart contracts, and the relatively low amount held on centralized exchanges (CEX).
4) Future Outlook
The launch of the Ethereum ETF is expected to have a positive impact on the Ethereum and cryptocurrency markets, particularly for altcoins. ETFs provide wider accessibility for both institutions and retail investors, supporting diverse investment strategies that include Ethereum in their portfolios, leading to greater capital inflows.
Looking back at last year's end, when Bitcoin's ETF sparked a significant price surge, we can expect a positive impact on not only Ethereum but the entire altcoin market as well.
Today, we have examined the changes that may occur after the Ethereum ETF approval.
Similar to Bitcoin, we can expect continuous capital inflows. As cryptocurrencies enter the mainstream, we anticipate the approval of ETFs for other coins, which makes us look forward to the future direction.
Cryptocurrency investors, who are investing amidst historical moments, I believe you are all doing well. I hope you can overcome these difficult times.
I hope my daily posts will be helpful to my neighbors' investments.
I will strive to find and share more helpful articles in the future.
Thank you for visiting today.
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