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TL;DR
our lord and savior Cathie Wooden is now seeking to create a spot ETF for Ethereum.
An approval for a spot Ethereum ETF may take some time – the primary spot Bitcoin ETF was filed for again in 2016 and nonetheless hasn’t been accepted…
There’re two massive variations in terms of ETH: The through-line? Each of those features improve shortage.
And shortage + rising demand (which an ETF would seemingly generate) = upward worth motion (that is the speculation at the very least).
Full Story
that spot Bitcoin Trade Traded Fund (ETF) that everybody is predicting will appeal to billions of {dollars} to Bitcoin?
(Of us purchase shares of the fund → the fund makes use of that cash to purchase Bitcoin, permitting merchants to purchase BTC with out having to fret about any authorized implications).
Yeah. Nicely, our lord and savior Cathie Wooden is now seeking to do the identical factor for Ethereum.
Now. An approval for a spot Ethereum ETF may take some time – the primary spot Bitcoin ETF was filed for again in 2016 and nonetheless hasn’t been accepted…
BUT! There’re nonetheless just a few issues price getting enthusiastic about in terms of an ETH ETF, as a result of Ethereum has some key attributes that make it a unique financial beast, in comparison with Bitcoin.
So let’s overlook in regards to the regulatory minefield set out in entrance of us for only a second, and dose ourselves with hopium.
There’re two massive variations in terms of ETH:
It may be staked (aka locked up in a excessive curiosity ‘crypto financial savings account’). The extra ETH is staked → the much less is accessible on the open markets.
Each time an ETH transaction is made, a part of the transaction payment is burned. The extra transactions are made → the extra ETH is burned → the much less is accessible on the open markets.
The through-line? Each of those features improve shortage.
And shortage + rising demand (which an ETF would seemingly generate) = upward worth motion (that is the speculation at the very least).
Watch this (painfully gradual shifting) house.
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