Eight new Ethereum ETFs are launching on soon, allowing investors to buy Ether like stocks without needing a crypto wallet. These ETFs aim to diversify crypto investments beyond Bitcoin and are expected to attract institutional and retail investors, potentially boosting Ether's price and the broader crypto market.
Just like the BTC ETF that have been previously approved, this is a call for celebration as it edges the world closer to global adoption of cryptocurrency and pretty much most big
players in cryptocurrency should celebrate this.
What do you guys think the ETH ETF will bring? Let me know
I've never appreciated this ETF of a thing like many of you guys do. Crypto has prepared for its way of purchasing, selling, trading, investing etc naturally by itself, so this ETF of a thing is just a copycat of the traditional ways. People forget that stocks and other non-FX assets can't accept funds and pay withdrawals all by themselves but through third parties (brokers and ETFs) that's the difference, they need it. But Bitcoin and other crypto can, which will not make the ETF of a thing make so much difference. Even if people know the difference better, they would prefer handling their funds all by themselves.
However, ETF will still be able to convert some new adopters who are afraid of direct crypto investments but such investors are still unaware because they are investing in the same projects. If anything, they will have to pay more because ETF companies will not serve you for free. Let's see how it goes. Nevertheless, their performance will also follow the hierarchy of the market capitalization of the current crypto standing where Bitcoin will lead, Ethereum will follow and so on. This will continue even if 1000+ cryptos get the approval, ETF can change nothing.