BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Ethereum Outperforming Bitcoin by 25% Could Signal the Beginning of Alt Season

by Sham
May 23, 2024
in CRYPTO
Reading Time: 3 mins read
A A
3
SHARES
44
VIEWS
Share on XShare in TelegramShare on Reddit
  • The potential SEC approval of a spot Ethereum ETF recalls the launch of spot Bitcoin ETFs, highlighting the complex path to approval and growing recognition of the maturing cryptocurrency market.
  • While speculation surrounds the possibility of more spot ETFs for other cryptocurrencies like Dogecoin, the SEC is likely to prioritize well-established cryptocurrencies with robust infrastructure and clear use cases beyond speculation.
  • The spot Bitcoin ETF launches and increasingly likely spot Ethereum approvals are positive developments, but they don’t guarantee a flood of spot ETFs for more cryptocurrencies.

The potential approval of an Ethereum exchange-traded fund (ETF) brings back memories of the long road to the first spot bitcoin ETF. While differences exist between the two cases, both highlight the complex path to approval and greater receptivity toward well-structured spot cryptocurrency ETFs.

Ethereum $ETH has outperformed #Bitcoin by 25% over the last week

Alt season incoming? pic.twitter.com/j6Tk8IKRhk

— BlockNews.com (@blocknewsdotcom) May 23, 2024

Initial Caution from the SEC

In both the Bitcoin and Ethereum cases, the Securities and Exchange Commission (SEC) initially exhibited caution toward approving spot ETFs. However, pressure from various stakeholders, including issuers, investors and the maturing crypto market, spurred a potential shift toward approval.

Growing Institutional Interest

The presence of spot bitcoin ETFs and the potential approval of an ether-based ETF suggest the SEC is considering the growing demand from investors for regulated cryptocurrency exposure.

Faster Potential Approval for Ethereum

A key difference between the two cases is that the Ethereum ETF approval process may be faster than bitcoin’s due to the legal precedent set by the August 2023 Grayscale court case. This effectively reversed the SEC’s initial rejection of the asset manager’s spot bitcoin ETF application.

Speculation Over More Cryptocurrency ETFs

The launches of spot bitcoin ETFs and likely spot Ethereum approvals have fueled speculation over more potential cryptocurrency ETFs. However, the SEC will likely continue cautiously, prioritizing established cryptocurrencies with well-structured ETF proposals.

Dogecoin ETF Unlikely Next

While some speculate that a spot ETF for Dogecoin could be next, approval may be more likely for cryptocurrencies with clear use cases, robust infrastructure and widespread acceptance. Dogecoin ranks behind several other major cryptocurrencies in market capitalization and trading volume.

Gradual Evolution Toward Spot Cryptocurrency ETFs

Overall, the spot bitcoin ETF launches and increasingly likely spot Ethereum approvals represent a gradual evolution toward regulated cryptocurrency exposure. But the path to approval remains complex, with the SEC carefully evaluating each proposal.

Tags: Bitcoinethereumsecspot Bitcoin ETF
Tweet1ShareShare
Previous Post

Coinbase Reinstates XRP Trading in New York, But Market Doesn’t Seem to Care?

Next Post

US House Passes Bill Banning the Creation of CBDCs (We are Saved)

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.