• Rally or dud: What to expect if spot Ether ETFs are approved
• Will Ether ETFs increase ETH’s price?
• Ether ETF approval could mark shift in US regulations
The SEC‘s first deadline for approving a spot Ether ETF is May 23. Approval would have significant implications not just for investors, but potentially for the regulatory landscape as well.
Current Status of Ether ETF Approval
Many in crypto did not expect the SEC to approve a spot Ether ETF. However, recent updates to filings signal the SEC may actually approve an Ether ETF. Approval would be a game-changer for crypto and traditional finance according to some.
Expected Price Impact
There is a widespread belief Ether’s price will surge if ETFs are approved, opening crypto to new investors. The recent 20%+ price jump shows significant money waiting to enter the market.
Some expect a short pullback post-approval before prices rise again. Institutional money may flow slower into an Ether ETF compared to Bitcoin due to perceptions around Ethereum.
Broader Regulatory Implications
Approval could mark a shift in the SEC’s crypto regulation approach. Recent political pressure may influence the SEC to be more crypto-friendly. Approval may also lead to clearer classification of Ether by regulators.
What Comes Next?
With anticipation building ahead of the deadline, the question becomes what happens after approval. Some think there may not be a clear next event for the market.
Others see potential for new products like ETFs for other crypto assets. The floodgates could open for layer 1s, 2s, sidechains, and more speculative altcoins.
