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
It will bring nothing but more speculation. There is nothing special in ETF other than the attraction it brings from the institutional investors, it brings their attention to crypto but the money doesn't comes to crypto, it's stays in heir ETF trading place where there buy and sell doesn't affect the price of crypto, in short they all followed crypto and behave like crypto but they are not crypto but just people that want crypto but doesn't want to buy real crypto.
The ETFs will only makes coins concentrated to a single people as usual. Look at Blackrock for instance, people are buying ETFs and they are the ones keeping the equivalent number of Bitcoin been bought and it doesn't differentiate it from the centralized exchanges where users keep their coins on their exchanges. I just think the ETF are given publicity to crypto that's all unless because there is no way the demand of institutional will be bigger than that of real crypto users that used the main network.