- Grayscale’s latest report suggested U.S voters are more likely to buy ETH after ETF approval
- While ETH’s value surged on the charts, its network growth fell
The recent market drawdown has affected a host of cryptocurrencies over the last few days. Needless to say, Ethereum [ETH] was no exception, with its price struggling to break past the $3,000-level, at the time of writing.
Will Ethereum finally see green?
However, there may be some hope for Ethereum maximalists, despite the altcoin’s falling prices. A new survey by Grayscale has painted a bullish picture for Ethereum’s future.
According to the same, when the long-awaited Spot Ethereum ETF goes live, nearly a quarter of potential U.S voters would be more likely to invest in the altcoin. This surge in interest would be in line with the broader trend of crypto adoption too.
The survey also found that nearly half of all voters, 47% to be precise, now expect to include cryptocurrencies in their investment portfolios – A significant hike from 40% just six months ago. The large scale interest from people in adding crypto to their portfolios could further help ETH in the long run.
Similar to Bitcoin’s ETF launch, an Ethereum ETF would provide a familiar, regulated way for new investors to enter the market. This influx of capital, particularly from institutions, could drive up Ethereum’s price due to increased demand. This was seen with Bitcoin, where the ETF approval coincided with a significant price rally.
A U.S-approved Ethereum ETF would be a major vote of confidence from regulators, potentially easing institutional concerns about the cryptocurrency’s legitimacy.
How is ETH doing?
At press time, ETH was trading at $2,987.46 following a 4.19% hike over the last 24 hours. The network growth for ETH declined materially over the period. This indicated that despite low prices, most new investors have been unwilling to buy ETH.
Additionally, the velocity around the token also fell, implying reduced frequency of trading for ETH.
Read Ethereum’s [ETH] Price Prediction 2024-2025
Hence, it’s worth anticipating what the final launch of Spot Ethereum ETFs will mean for the altcoin’s price in the future.
Source: Santiment
On the other side of the world, it would seem that Hong Kong might soon welcome Ethereum staking ETFs, and within just 6 months too. This, according to Hashkey Capital’s Vivien Wong. In fact, Wong also claimed that local regulators are now talking to industry insiders over the said proposal.
- Grayscale’s latest report suggested U.S voters are more likely to buy ETH after ETF approval
- While ETH’s value surged on the charts, its network growth fell
The recent market drawdown has affected a host of cryptocurrencies over the last few days. Needless to say, Ethereum [ETH] was no exception, with its price struggling to break past the $3,000-level, at the time of writing.
Will Ethereum finally see green?
However, there may be some hope for Ethereum maximalists, despite the altcoin’s falling prices. A new survey by Grayscale has painted a bullish picture for Ethereum’s future.
According to the same, when the long-awaited Spot Ethereum ETF goes live, nearly a quarter of potential U.S voters would be more likely to invest in the altcoin. This surge in interest would be in line with the broader trend of crypto adoption too.
The survey also found that nearly half of all voters, 47% to be precise, now expect to include cryptocurrencies in their investment portfolios – A significant hike from 40% just six months ago. The large scale interest from people in adding crypto to their portfolios could further help ETH in the long run.
Similar to Bitcoin’s ETF launch, an Ethereum ETF would provide a familiar, regulated way for new investors to enter the market. This influx of capital, particularly from institutions, could drive up Ethereum’s price due to increased demand. This was seen with Bitcoin, where the ETF approval coincided with a significant price rally.
A U.S-approved Ethereum ETF would be a major vote of confidence from regulators, potentially easing institutional concerns about the cryptocurrency’s legitimacy.
How is ETH doing?
At press time, ETH was trading at $2,987.46 following a 4.19% hike over the last 24 hours. The network growth for ETH declined materially over the period. This indicated that despite low prices, most new investors have been unwilling to buy ETH.
Additionally, the velocity around the token also fell, implying reduced frequency of trading for ETH.
Read Ethereum’s [ETH] Price Prediction 2024-2025
Hence, it’s worth anticipating what the final launch of Spot Ethereum ETFs will mean for the altcoin’s price in the future.
Source: Santiment
On the other side of the world, it would seem that Hong Kong might soon welcome Ethereum staking ETFs, and within just 6 months too. This, according to Hashkey Capital’s Vivien Wong. In fact, Wong also claimed that local regulators are now talking to industry insiders over the said proposal.
generic clomiphene tablets how to buy cheap clomid no prescription can i order cheap clomiphene online order cheap clomid without dr prescription how can i get generic clomiphene where to get cheap clomiphene no prescription can i buy generic clomid price
Thanks on putting this up. It’s understandably done.
I am in point of fact thrilled to gleam at this blog posts which consists of tons of profitable facts, thanks for providing such data.
zithromax price – sumycin 250mg oral order flagyl 200mg without prescription
semaglutide without prescription – buy semaglutide 14mg generic order periactin without prescription
order motilium online – sumycin 500mg ca order generic cyclobenzaprine 15mg
oral amoxicillin – amoxicillin sale buy combivent 100mcg pills
brand zithromax 250mg – order nebivolol 20mg online cheap nebivolol 5mg
amoxiclav us – atbioinfo cost acillin
order nexium 40mg sale – https://anexamate.com/ nexium where to buy
warfarin without prescription – anticoagulant buy losartan 50mg without prescription
buy meloxicam 15mg pill – https://moboxsin.com/ meloxicam 7.5mg uk
purchase deltasone generic – https://apreplson.com/ buy generic deltasone 10mg
online ed medications – fastedtotake buy generic ed pills for sale
buy amoxicillin without a prescription – purchase amoxicillin for sale amoxicillin cost
fluconazole 200mg brand – site buy diflucan
order escitalopram pill – order lexapro 10mg online buy escitalopram generic
buy cenforce pill – https://cenforcers.com/# order cenforce without prescription
what to do when cialis stops working – cialis 100mg from china vidalista tadalafil reviews
cialis from canada – on this site cialis once a day
order ranitidine without prescription – online order generic ranitidine
cheap legal viagra – https://strongvpls.com/ viagra for men for sale
I’ll certainly carry back to review more. fildena 100 comprar
The thoroughness in this section is noteworthy. prednisone copd
Thanks for putting this up. It’s okay done. https://ursxdol.com/furosemide-diuretic/
Thanks for sharing. It’s top quality. https://prohnrg.com/product/priligy-dapoxetine-pills/
More posts like this would make the blogosphere more useful. https://aranitidine.com/fr/ivermectine-en-france/
More articles like this would frame the blogosphere richer. https://ondactone.com/spironolactone/
The thoroughness in this draft is noteworthy.
propranolol price
More posts like this would create the online elbow-room more useful. https://www.forum-joyingauto.com/member.php?action=profile&uid=48101
order forxiga 10 mg – this dapagliflozin 10mg canada
buy xenical no prescription – xenical pills buy cheap orlistat
More articles like this would frame the blogosphere richer. https://experthax.com/forum/member.php?action=profile&uid=124825