After years of regulatory pushback and countless amended registration filings, spot Ether Exchange Traded Funds (ETFs) are finally hitting the market.
The anticipated listings are a defining moment for cryptocurrency markets.
Spot ETH ETF launch could cause rally in Altcoins due to their high correlation with Ethereum.
Rising Ethereum price could boost other Altcoins, differentiating this situation from the Bitcoin ETF launch, which saw Altcoins struggle.
The anticipated listings are a defining moment for cryptocurrency markets.
Spot ETH ETF launch could cause rally in Altcoins due to their high correlation with Ethereum.
Rising Ethereum price could boost other Altcoins, differentiating this situation from the Bitcoin ETF launch, which saw Altcoins struggle.
I wouldn't get my hopes too high. Especially when the crypto market is struggling to get back on its feet. The spot ETFs for ETH were approved, but there hasn't been any price action yet. It will take quite some time before ETH experiences a huge "pump". I'm pretty sure altcoins will follow.
If ETH spot ETFs become a success, there's a high chance prominent altcoins will get their own ETFs too. Solana is next in line to have one. There are also talks about a possible Litecoin ETF. This will result in higher market prices over the long term. It would be "dumb" enough not to buy and "hodl" ETH before the next bull market. Everybody wants to make money, right?
