HomeEthereum UpdatesEthereum ETFs Could Lead to a New All-Time High in the Near...

Ethereum ETFs Could Lead to a New All-Time High in the Near Future

Published on


Traders Optimistic About Ethereum ETF Launch Next Week: Predictions and Analysis

The anticipation is building as Ethereum’s ETF trading launch is set to come next week, with traders voicing optimistic predictions for inflows and the price of ETH. Crypto analyst Lark Davis believes that the ETFs could lead to a new all-time high very soon, citing the success of Bitcoin ETFs which caused a new all-time high only 64 days after their launch.

Ethereum’s market capitalization is currently 32% of Bitcoin’s and is seen as “more deflationary” according to the analyst. He advises traders to “front-run before the ETFs launch next week.” However, crypto trader Jacob Canfield sees Ethereum ETFs as less bullish than expected for the first few months, predicting a wave of outflows similar to the Bitcoin ETFs.

The BlackRock and VanEck ETFs will feature fees of 0.25%, while the Grayscale Ethereum Trust will remain at a 2.5% fee. The debate between outflows and inflows will be a crucial metric to watch, with some predicting outflows dominating in the first 1-2 months.

Bloomberg ETF analysts announced that next week ten Ethereum ETFs will launch, including the Franklin Ethereum ETF, VanEck Ethereum ETF, and Bitwise Ethereum ETF. Traders like Income Sharks and Daan Crypto Trades are optimistic about Ethereum’s future, with technical indicators pointing towards a bullish trend and a potential breakout surrounding the ETF launch.

The influence of Ethereum as an institutional asset class will be further explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Stay tuned for more updates on Ethereum’s ETF trading launch and its impact on the market.

Latest articles

Judge upholds SEC decision on XRP in Binance case

Cryptocurrency Industry Celebrates Victory as Judge Upholds Decision on XRP and Binance vs....

BlockDAG’s Enhanced Dashboard Drives Presale to $54.5 Million; Dogecoin Payments on X & Chainlink Price Forecasts Cause Market Turbulence

Emerging Trends in Cryptocurrency: BlockDAG, Dogecoin, and Chainlink Updates The cryptocurrency world is abuzz...

July 2024’s Most Significant Crypto Forecasts

Major Developments Impacting the Crypto Market in July: Bitcoin, Ethereum ETFs, and NFTs In...

Potential Increase in Net Flows to $15 Billion Expected After Launch – Crypto News BTC

Spot Ethereum ETFs Forecasted to Launch on July 2nd, 2024: $15 Billion Internet...

More like this

Judge upholds SEC decision on XRP in Binance case

Cryptocurrency Industry Celebrates Victory as Judge Upholds Decision on XRP and Binance vs....

BlockDAG’s Enhanced Dashboard Drives Presale to $54.5 Million; Dogecoin Payments on X & Chainlink Price Forecasts Cause Market Turbulence

Emerging Trends in Cryptocurrency: BlockDAG, Dogecoin, and Chainlink Updates The cryptocurrency world is abuzz...

July 2024’s Most Significant Crypto Forecasts

Major Developments Impacting the Crypto Market in July: Bitcoin, Ethereum ETFs, and NFTs In...
bitcoin
Bitcoin (BTC) $ 97,676.17
ethereum
Ethereum (ETH) $ 2,705.41
xrp
XRP (XRP) $ 2.76
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 665.89
solana
Solana (SOL) $ 194.92
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.274722
cardano
Cardano (ADA) $ 0.789417
staked-ether
Lido Staked Ether (STETH) $ 2,704.28