Ethereum ETFs have now been approved and unlike the Bitcoin ETFs, which started trading the day after approval, these will likely go live in a few weeks or months.
“Everyone was anticipating the ETF would not get approved,” said Split Capital co-founder Zaheer Ebtikar. “Then very quickly we went back into a market where everyone was caught offside.” This matched the view by eToro analyst Simon Peters, who said, “With the 19b-4s out of the way, it could be an opportunity now for savvy crypto investors to buy Ethereum in anticipation of the S-1s being approved, front-running the ETFs going live and the billions of dollars potentially flowing into these.”
“While not too impactful, the delay is a marginal positive, as the 19b-4 approvals caught most by surprise and the delay therefore should enable anticipation and publicity to build into the launch,” concurred GSR Research Analyst Brian Rudick. “All else equal, this should help early inflows into the products, which would help ETH’s price.”