When Will an ETH ETF be Approved?
2023 has been a significant year for ETFs, with many companies filing for Bitcoin and Ethereum products. The focus has now shifted to Ethereum, with several companies, including Grayscale, seeking to launch an ETH ETF.
The SEC, however, has been delaying the decision, and most applications are now expected to wait until May. Historically, the Commission has taken years to approve crypto ETFs, but will it be different this time?
Santiment conducted a poll and found that over 52% of respondents believe the US will have a spot Ethereum ETF by the end of this year. Around 10% are even more optimistic, saying it will be approved this month.
The Impact on ETH Price
While Bitcoin experienced a sell-off after its ETF approval, Ethereum’s price has started to increase as investors anticipate an ETH ETF. It will be interesting to see how ETH’s price performs in the months leading up to and following the approval of an ETF.
Hot Take: Will an ETH ETF Boost Ethereum’s Price?
The approval of a spot Bitcoin ETF by the SEC has raised speculation about when an Ethereum ETF will receive the green light. With numerous companies filing for ETH products and a growing optimism among investors, there is hope that an ETH ETF could be approved in 2023. If this happens, it could have a significant impact on Ethereum’s price. However, given the SEC’s history of delaying or rejecting crypto ETFs, nothing is certain. Investors will need to closely monitor any developments and consider how they may affect the value of their ETH holdings.
By
By
By
By
By
By