Analyst: Ethereum ETF launch delay may be conducive to ETH price increase

2024-05-25 00:17

BlockBeats news, on May 25, although the U.S. Securities and Exchange Commission (SEC) has approved 8 Ethereum ETFs including BlackRock and Fidelity, unlike the Bitcoin ETF, which was launched on the day of approval, these Ethereum ETFs may take weeks or months to officially trade. In this regard, many industry analysts said that the delay in the launch of ETFs may be conducive to the rise in Ethereum prices. Simon Peters, an analyst at eToro, pointed out that savvy cryptocurrency investors can now buy Ethereum in advance in order to profit when the ETF is officially traded and billions of dollars of funds potentially flow in. Brian Rudick, an analyst at GSR Research, also believes that the delay in the launch of the ETF is good news to a certain extent, because the previous unexpected approval by the SEC caught most people off guard, and the current delay gives the market time to brew expectations, which will help increase the inflow of funds in the early stage of the ETF launch, thereby driving up the price of ETH.

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