After the Ethereum ETF was approved, industry leader Shenyu made a prediction:
May 23: ETH 19B4 was unexpectedly approved, and market makers began to buy ETH spot to prepare for providing liquidity.
Early June: S1 may be approved. Referring to BTC ETF, it takes 2 weeks at the fastest, but the normal rhythm may take 3 months.
Mid-June: After S1 is approved, trading may start immediately or within a few days.
June to December: The main capital inflow in the early stage of listing may come from retail investors, accounting for 80-90% of the total funds, and institutional users participate less. Considering that ETHE is similar to GBTC, the market may face some arbitrage and selling pressure. Whether it can withstand this selling pressure remains to be seen.
After December: Over time, institutional investors may gradually enter the market.
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