Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » Ethereum ETF on the Horizon: A Closer Look at Approval Chances for May

Ethereum ETF on the Horizon: A Closer Look at Approval Chances for May

Hania by Hania
March 12, 2024
in Ethereum News
Reading Time: 2 mins read
A A
0
Ethereum ETF on the Horizon: A Closer Look at Approval Chances for May
Share on FacebookShare on Twitter
ADVERTISEMENT

Market sentiment surrounding the potential approval of a spot Ethereum ETF remains tepid, unlike the fervour witnessed with Bitcoin ETFs. Key players like BlackRock and Fidelity have been actively pushing for a spot in Ether ETF, but overall optimism appears to be on the decline.

Roadblocks on the Path to Approval: Unraveling Ethereum’s PoS Mechanism and Regulatory Concerns

Blofin Analysis has shed light on significant hurdles impeding the approval of spot ETH ETFs. Concerns primarily revolve around Ethereum’s Proof of Stake (PoS) mechanism, risks related to price manipulation, and regulatory apprehensions regarding securitization.

According to Blofin’s analysis, the concentration of control among major ETH holders, who possess considerable voting rights under PoS, poses a substantial risk. With approximately 55% of ETH supply held by just 1,041 addresses, the potential for influence over network upgrades is significant. The SEC has echoed these concerns, citing unique vulnerabilities to fraud and manipulation within Ethereum’s ecosystem.

In contrast, the distribution of Bitcoin holders is more balanced, with whales owning around 40% of BTC supply, thereby mitigating the risk of price manipulation compared to Ethereum.

You May AlsoLike

Michigan Pension Fund

Michigan Pension Fund Expands Crypto Holdings with Ether ETFs

November 4, 2024
Ethereum Price Crash: Will ETH Plummet to $2,000 Amid 2024’s First Death Cross?

Ethereum Price Crash: Will ETH Plummet to $2,000 Amid 2024’s First Death Cross?

September 3, 2024

This #Ethereum ETF cycle feels like the opposite of #Bitcoin ETF approval odds at the moment. The more we see/hear (and don't see/hear) the less optimistic I become.

We're ~73 days from the deadline and there really seems to be little to no movement https://t.co/N6OpM870XF

— James Seyffart (@JSeyff) March 11, 2024

Ethereum Options Market: Gauging Market Sentiment and Potential Impacts

Ethereum ETF on the Horizon: A Closer Look at Approval Chances for May

While the announcement of spot BTC ETFs prompted significant activity in both BTC and ETH options markets, the response to spot ETH ETFs has been subdued. Despite a surge in far-month option skewness in February, attributed to liquidity return rather than ETF news, options traders remain cautious ahead of the Ethereum ETF approval decision.

However, analysts suggest that the final verdict on spot ETH ETFs approval is unlikely to hinder Ethereum’s price trajectory significantly, regardless of the outcome.

In a noteworthy development, BlackRock’s appointment of Matt Kunke as their Digital Assets Product Strategist underscores efforts to bolster cryptocurrency ETF offerings, signalling growing institutional interest in the crypto space.

As Ethereum’s price surpasses the crucial $4,000 milestone once again, the community eagerly anticipates further gains in the lead-up to the Dencun upgrade.

Tags: ETF NewsEthereum
Share76Tweet48
ADVERTISEMENT
Previous Post

Thailand SEC Opens Gates to US Spot Bitcoin ETFs for Accredited Investors

Next Post

Coinbase Ventures into $1B Bond Sale, Inspired by Saylor’s Bitcoin Strategy

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Michigan Pension Fund
Ethereum News

Michigan Pension Fund Expands Crypto Holdings with Ether ETFs

November 4, 2024
Ethereum Price Crash: Will ETH Plummet to $2,000 Amid 2024’s First Death Cross?
Ethereum News

Ethereum Price Crash: Will ETH Plummet to $2,000 Amid 2024’s First Death Cross?

September 3, 2024
How to Develop Smart Contracts on Ethereum: Step-by-Step Guide
Beginner Guides

How to Develop Smart Contracts on Ethereum: Step-by-Step Guide

August 29, 2024
US SEC Introduces New Reporting Rules for ETFs: Impact on Bitcoin and Ethereum Explored
Bitcoin News

US SEC Introduces New Reporting Rules for ETFs: Impact on Bitcoin and Ethereum Explored

August 29, 2024
Top Crypto ETFs of 2024: Best Investment Opportunities for Smart Investors
Bitcoin News

Top Crypto ETFs of 2024: Best Investment Opportunities for Smart Investors

August 22, 2024
MetaMask Debit Card Now Available: Spend Crypto Like Cash
Crypto Wallets

MetaMask Debit Card Now Available: Spend Crypto Like Cash

August 14, 2024
Next Post
Coinbase Ventures into $1B Bond Sale, Inspired by Saylor’s Bitcoin Strategy

Coinbase Ventures into $1B Bond Sale, Inspired by Saylor's Bitcoin Strategy

Discussion about this post

Live Prices

You have not selected any currency to display

Stay Connected

You May Also Like

  • Bitcoin Halving Update: Bitwise CEO's $100k Price Projection Sparks Excitement

    Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    239 shares
    Share 96 Tweet 60
  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    197 shares
    Share 79 Tweet 49
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    196 shares
    Share 78 Tweet 49
  • OKB Price Prediction 2023 – 2030: Will OKB reach $200?

    201 shares
    Share 80 Tweet 50
  • November’s Bitcoin Price Forecast: A Bullish Odyssey

    196 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.