Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Shenyu predicts the timeline and market impact of Ethereum spot ETF: S-1 may be passed in early June, and institutional investors may gradually enter

CointimeCointime2024/05/24 09:22
By:Cointime

Shen Yu expressed on social media that based on the experience and publicly available information of BTC ETF, the timeline for ETH ETF after a false move is as follows:· May 23: ETH 19B-4 unexpectedly passed, and market makers began to buy ETH spot to prepare for liquidity provision.· Early June: S-1 may pass. Referring to BTC ETF, it may take at least 2 weeks at the fastest, but the normal pace may take 3 months.· Mid-June: After S-1 passes, trading may start immediately or within a few days.· June to December: In the early stages of listing, most of the funds may come from retail investors, accounting for 80-90% of the total funds, while institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure, and whether it can withstand such selling pressure remains to be seen.· After December: As time goes by, institutional investors may gradually enter the market."

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval

The U.S. Securities and Exchange Commission approved BlackRock’s proposal to list and trade options for its spot bitcoin ETF.Retail traders typically use options for speculation while larger institutions use options as a hedge.

The Block2024/09/24 20:09

TrustToken, TrueCoin settle with SEC over TUSD allegations

The SEC claims the reserves backing TUSD were being held in a “speculative fund”

Blockworks2024/09/24 19:48

China stimulus boosts stocks, but crypto remains stagnant

China’s stimulus lifted global stock indices but failed to shake the cryptocurrency market out of its current stagnation.Meanwhile, QCP Capital analysts suggest that recent monetary easing in both China and the U.S. could provide near-term support, with market participants expecting an upward move in ether.

The Block2024/09/24 18:55