币世界助我财务自由
Following
Followers
Liked
Shared
See original
What will the ETH ETF bring?
What happens if the ETH ETF is approved?
ETH’s ancient giant bull.
Before the BTC ETF was approved, the entire market faced the approval of the ETF for the first time, and there were three scenarios in general:
1. As always in history, the top is when a major event happens (short-term short)
2. Small and slow bull market brought by ETF Inflow (long)
3. ETFs become a blur, providing unprecedented liquidity and delivery opportunities (long-term short) to early whales, especially GBTC
Expectations were wildly inconsistent, bringing a drop of about 20% followed by a bull run that almost doubled from 38,000.
If the ETH ETF is approved, most people will expect it to imitate the BTC ETF, which first fell and then rose. So it is likely to be a front-run of this expectation, that is, it will go up directly.
ETH’s ancient giant bull.
Before the BTC ETF was approved, the entire market faced the approval of the ETF for the first time, and there were three scenarios in general:
1. As always in history, the top is when a major event happens (short-term short)
2. Small and slow bull market brought by ETF Inflow (long)
3. ETFs become a blur, providing unprecedented liquidity and delivery opportunities (long-term short) to early whales, especially GBTC
Expectations were wildly inconsistent, bringing a drop of about 20% followed by a bull run that almost doubled from 38,000.
If the ETH ETF is approved, most people will expect it to imitate the BTC ETF, which first fell and then rose. So it is likely to be a front-run of this expectation, that is, it will go up directly.
See original
The SEC approved 8 spot Ethereum ETFs at one time, including ETFs from BlackRock, Fidelity, and Grayscale. Although the form has been approved.
However, the listing and trading still need to approve the issuer's S-1 form, which is expected to be completed in a few weeks to 3 months.
Unlike the previous prediction, the SEC approved it all at once, instead of just approving one, which means that ETH will still have to experience Grayscale's Ethereum selling pressure this time, which is about 10 billion US dollars.
Grayscale's GBTC selling pressure was 21 billion US dollars at the time, ETHE's holdings were less than 10 billion US dollars, and the inflow of Bitcoin spot ETF on the first day of listing was 300 million US dollars. How much money will the Ethereum spot ETF have inflow? After Grayscale starts redemption, ETH's own buying may not be able to withstand such a large selling pressure.
So I will choose to take profit and switch most of the $ETH positions to BTC, BNB, and SOL before the transaction is officially launched.
However, the listing and trading still need to approve the issuer's S-1 form, which is expected to be completed in a few weeks to 3 months.
Unlike the previous prediction, the SEC approved it all at once, instead of just approving one, which means that ETH will still have to experience Grayscale's Ethereum selling pressure this time, which is about 10 billion US dollars.
Grayscale's GBTC selling pressure was 21 billion US dollars at the time, ETHE's holdings were less than 10 billion US dollars, and the inflow of Bitcoin spot ETF on the first day of listing was 300 million US dollars. How much money will the Ethereum spot ETF have inflow? After Grayscale starts redemption, ETH's own buying may not be able to withstand such a large selling pressure.
So I will choose to take profit and switch most of the $ETH positions to BTC, BNB, and SOL before the transaction is officially launched.
See original
BTC ETF and ETH ETF
Today's focus: 1. The U.S. SEC approved the 19b-4 form of 8 Ethereum spot ETFs including BlackRock 2. The market size of Ethereum spot ETFs is expected to reach 75% of Bitcoin spot ETFs 3. Spot Ethereum ETFs may start trading in July or August 4. 2025 may be a "good year" for cryptocurrency policies. The U.S. SEC approved the 19b-4 form of 8 Ethereum spot ETFs including BlackRock According to The Block, the U.S. Securities and Exchange Commission (SEC) has approved the 19b-4 forms of several Ethereum spot ETFs, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy and Franklin Templeton. Although the form has been approved, it is still necessary to let the S-1 registration statement take effect before trading can begin. The SEC has just begun discussing the S-1 form with issuers. It is not clear how long this process will take, but some analysts speculate that it may take weeks. BlackRock's Ethereum spot ETF has been listed on the DTCC website with the ticker ETHA. According to Watcher.Guru, BlackRock's Ethereum spot ETF has been listed on the DTCC website with the ticker ETHA. Note: DTCC is a US financial market infrastructure company that provides clearing, settlement and trade reporting services to financial market participants. The Ethereum spot ETF market size is expected to reach 75% of the Bitcoin spot ETF. The US Securities and Exchange Commission (SEC) has officially approved the 19b-4 forms of eight spot Ethereum ETFs, with issuers including BlackRock, Fidelity and Grayscale. Jeffery Ding, chief analyst at HashKeyGroup, believes that Ethereum is following the successful path of Bitcoin ETF and has broad prospects. More attractive is that the Ethereum spot ETF is expected to join the staking mechanism and become an interest-bearing asset. It is expected that in the medium term, the Ethereum spot ETF market size is expected to reach 75% of the Bitcoin spot ETF. In addition, Jeffery Ding believes that if the 21st Century Financial Innovation and Technology Act (FIT21) is passed, it will transfer the regulatory power of digital currencies from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). Since the CFTC is more friendly to cryptocurrencies, other cryptocurrencies may also apply to become spot ETFs in the future, leading the crypto industry to the mainstream. Spot Ethereum ETFs may start trading in July or August The report released by Galaxy Digital predicts that the spot Ethereum ETF will be listed on the exchange in July or August.These funds took several months from potential approval to official launch, in stark contrast to the relatively quick launch of Bitcoin ETFs. Before spot Ethereum ETF shares change hands, regulators must approve two types of documents: 19b-4s (Proposed Rule Change Form) and S-1s (Registration Statement). After the report was released, the U.S. SEC approved the 19b-4 documents of eight spot Ethereum ETFs at the same time, and trading may begin in a few weeks. Approval of Ethereum spot ETF will increase expectations that Solana will be classified as a commodity. Broker Bernstein said in a research report that if the United States approves spot Ethereum exchange-traded funds, this will be seen as a major regulatory relief for the crypto industry and increase expectations that ETH competitor SOL will be classified as a commodity. The analyst added: "Tactically, the approval of the Ethereum ETF will set a precedent for the first non-Bitcoin blockchain asset to be considered a commodity, raising hopes that Ethereum peers (possibly Solana) will follow the same path." Bitcoin spot ETFs had a total net inflow of $154 million on May 22, and continued net inflows for 8 days. According to SoSoValue data, Bitcoin spot ETFs had a total net inflow of $154 million on May 22. Grayscale GBTC had a net outflow of $16.0914 million in a single day, and GBTC currently has a historical net outflow of $17.628 billion. The Bitcoin spot ETF with the largest single-day net inflow is BlackRock IBIT, with a single-day net inflow of $91.9527 million, and IBIT currently has a total historical net inflow of $16.083 billion. The second is Fidelity FBTC, with a single-day net inflow of $74.572 million. Currently, FBTC's total net inflow has reached $8.651 billion. As of May 23, the total net asset value of Bitcoin spot ETFs was $59.196 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 4.33%, with a historical cumulative net inflow of $13.327 billion. A list of US spot Bitcoin ETF funds on the 23rd According to Farside Investors data, on May 23, FBTC had a net inflow of $19.1 million, ARKB had a net inflow of $2 million, BTCO had a net inflow of $2 million, and HOLD had a net inflow of $9.5 million. It was previously reported that GBTC had a net outflow of $13.7 million and BlackRock IBIT had a net inflow of $100,000. So far, the spot Bitcoin ETF has a net inflow of $18.9 million. The transaction volume of 6 Hong Kong virtual asset ETFs on the 23rd was HK$27.69 million. Hong Kong stock market data showed that as of the close of trading, the transaction volume of 6 Hong Kong virtual asset ETFs on the 23rd was HK$27.69 million, including: Huaxia Bitcoin ETF (3042.HK) had a transaction volume of HK$8.56 million, and Huaxia Ethereum ETF (3046.HK) had a transaction volume of HK$8.05 million; Harvest Bitcoin ETF (3439.HK) had a transaction volume of HK$1.27 million, and Harvest Ethereum ETF (3179.HK) had a transaction volume of HK$5.06 million; Bosera HashKey Bitcoin ETF (3008.HK) had a transaction volume of HK$3.24 million, and Bosera HashKey Ethereum ETF (3009.HK) had a transaction volume of HK$1.51 million. US spot Bitcoin ETF holds 850,000 bitcoins. According to HODL15Capital monitoring, the US spot Bitcoin ETF hit a record high and currently holds 850,000 bitcoins. The global ETF's bitcoin holdings are close to 1 million. Grayscale Ethereum Trust (ETHE)'s trading volume on the 21st hit a new high since May 2021, reaching US$680 million. According to The Blcok data, Grayscale Ethereum Trust (ETHE)'s trading volume on the 21st reached US$687 million, a new high since May 21. The previous high was $842 million on May 19, 2021. Biden's deadline for making a final decision on the resolution to repeal SAB 121 has been extended to June 3. Cody Carbone, chief policy officer of The Digital Chamber, said on the X platform that an update on the SAB 121 (crypto accounting policy) process: We received confirmation that the U.S. Congress did not send the resolution to repeal SAB 121, H.J Res 109, to Biden until last night. This changes the 10-day deadline. The U.S. President currently has a window until June 3 to decide whether to veto this resolution (10 days in total, excluding Sunday). The FIT21 bill aims to establish legal rules for the broader digital asset industry. After the U.S. House of Representatives passed FIT21, former U.S. House Speaker Nancy Pelosi said that the Republican-led bill, which aims to establish legal rules for the broader digital asset industry, is the first step towards responsible innovation and must be improved. The bill will give the Commodity Futures Trading Commission more power and funding to regulate crypto assets classified as "digital commodities." In a letter released on Wednesday, SEC Chairman Gensler publicly criticized the bill for putting digital asset investors at risk. 2025 could be a "good year" for cryptocurrency policy. On May 23, Bloomberg senior policy analyst Nathan Dean posted on social media that while he personally tried to remain neutral on crypto regulations, he still felt that this week could be a turning point.Bitcoin spot ETFs have been approved, Ethereum spot ETFs have also been approved, and 71 House Democrats have joined the FIT bill (not to mention SAB 121). 2025 may be a good year for cryptocurrency policy. The Hong Kong Securities and Futures Commission has no implementation timetable for approving ETF issuers to provide Ethereum staking. According to Bloomberg, the Hong Kong Securities and Futures Commission is considering providing Ethereum staking options for issuers of spot Ethereum exchange-traded funds (ETFs), which may allow these issuers to hold ETH and earn passive income. People familiar with the matter said that the Hong Kong Securities and Futures Commission has received proposals and discussed them with relevant parties in recent weeks, but it is still in the discussion stage and there is no specific implementation timetable. HashKey Exchange CEO Weng Xiaoqi (Livio) previously said that if the on-chain staking problem of custodial Ethereum tokens can be solved, it will attract more large institutional investors to choose this "interest-bearing asset", which may be more attractive than Bitcoin spot ETFs. 18 million Americans used or owned cryptocurrencies last year. In the latest annual household survey of the Federal Reserve, the number of American adults who reported owning or using cryptocurrencies last year fell to about 18 million. According to the Household Economic and Decision Making Survey (SHED) released by the Federal Reserve on May 21, 7% of American adults surveyed said they had used cryptocurrency in the 12 months ending October last year, down from 10% in 2022 and 12% in 2021. Only 1% of adults said they used cryptocurrency as a payment method or remittance, down by half from 2022, while 7% of adults bought or held cryptocurrency as an investment. Boyaa Interactive holds 1,956 Bitcoins and 15,222 Ethereums Boyaa Interactive released its first quarter 2024 financial report, which disclosed that it holds 1,956 Bitcoins, with an average cost of approximately $50,805; 15,222 Ethereums, with an average cost of approximately $2,756. In addition, its revenue in the first quarter of 2024 reached 185 million yuan, a year-on-year increase of 14%. Southwest Tianfu Digital Reminder: The information in this account is all from the Internet, for learning and communication only, and does not constitute any investment advice or suggestion. If there is any infringement, please contact to delete. Welcome to follow and get more valuable information in time.
See original
Approval of Ethereum spot ETF will raise expectations of Solana being classified as a commodityBroker Bernstein said in a research report that if the United States approves a spot Ethereum exchange-traded fund, it will be seen as a major regulatory relief for the crypto industry and raises expectations that ETH competitor SOL will be classified as a commodity. The analyst added: "Tactically, the approval of the Ethereum ETF will set a precedent for the first non-Bitcoin blockchain asset to be considered a commodity, thereby raising hopes that Ethereum peers (possibly Solana) will follow the same path."Bitcoin spot ETFs had a total net inflow of $154 million on May 22, and continued to have net inflows for 8 daysAccording to SoSoValue data, Bitcoin spot ETFs had a total net inflow of $154 million on May 22. Grayscale GBTC had a single-day net outflow of $16.0914 million, and the current historical net outflow of GBTC is $17.628 billion. The Bitcoin spot ETF with the largest daily net inflow is BlackRock IBIT, with a daily net inflow of $91.9527 million. Currently, IBIT's total historical net inflow has reached $16.083 billion. The second largest is Fidelity FBTC, with a daily net inflow of $74.5720 million. Currently, FBTC's total historical net inflow has reached $8.651 billion. As of May 23, the total net asset value of Bitcoin spot ETFs was $59.196 billion, and the ETF net asset ratio (market value to Bitcoin's total market value) reached 4.33%, with a historical cumulative net inflow of $13.327 billion.
See original
$ETH BlackRock Ethereum Spot ETF has been listed on the DTCC website with the ticker ETHA According to Watcher.Guru, BlackRock's Ethereum Spot ETF has been listed on the DTCC website with the ticker ETHA. Note: DTCC is a US financial market infrastructure company that provides clearing, settlement and trade reporting services to financial market participants. The Ethereum Spot ETF market size is expected to reach 75% of the Bitcoin Spot ETF. The US Securities and Exchange Commission (SEC) has officially approved the 19b-4 forms of eight spot Ethereum ETFs, with issuers including BlackRock, Fidelity and Grayscale. Jeffery Ding, chief analyst at HashKeyGroup, believes that Ethereum is following the successful path of Bitcoin ETF and has broad prospects. More attractive is that the Ethereum Spot ETF is expected to join the staking mechanism and become an interest-bearing asset. It is expected that in the medium term, the Ethereum Spot ETF market size is expected to reach 75% of the Bitcoin Spot ETF. In addition, Jeffery Ding believes that if the 21st Century Financial Innovation and Technology Act (FIT21) is passed, it will transfer the regulatory power of digital currencies from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). Since the CFTC is more friendly to cryptocurrencies, other cryptocurrencies may also apply to become spot ETFs in the future, leading the crypto industry to the mainstream. Spot Ethereum ETFs may start trading in July or August. The report released by Galaxy Digital predicts that spot Ethereum ETFs will be listed on exchanges in July or August. These funds have been separated by several months from potential approval to official launch, which is in stark contrast to the relatively fast listing of Bitcoin ETFs. Before the stock of spot Ethereum ETFs changes hands, regulators must approve two types of documents: 19b-4s (proposed rule change form) and S-1s (registration statement). After the report was released, the US SEC approved the 19b-4 documents of eight spot Ethereum ETFs at the same time, and trading may start in a few weeks.
See original
$ETH Today's focus: 1. The U.S. SEC approved the 19b-4 form of 8 Ethereum spot ETFs including BlackRock 2. The market size of Ethereum spot ETFs is expected to reach 75% of Bitcoin spot ETFs 3. Spot Ethereum ETFs may start trading in July or August 4. 2025 may be a "good year" for cryptocurrency policies The U.S. SEC approved the 19b-4 form of 8 Ethereum spot ETFs including BlackRock According to The Block, the U.S. Securities and Exchange Commission (SEC) has approved the 19b-4 forms of several Ethereum spot ETFs, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy and Franklin Templeton. Although the form has been approved, it is still necessary to let the S-1 registration statement take effect before trading can begin. The SEC has just begun discussing the S-1 form with issuers. It is not clear how long this process will take, but some analysts speculate that it may take weeks.
See original
I am an old hand in the cryptocurrency circle. I have lost all my money playing contracts. After three bull and bear markets, I have concluded that contracts are a great test of skills and human nature, so small investors should still play spot. Of course, if you have great skills and a good mentality, just ignore what I said!
Catching up with the market in this circle is really like picking up money. In fact, it is not a bad thing to think of yourself as a pig standing at the outlet of the wind. I will share a few currencies that I personally think are excellent and hope to bring wealth to everyone!
BNB
This is a bit of a cliché. As the leading platform, Binance has long been empowering the currency. In addition, long-term deflation has led to basically no selling pressure. It is the first choice for long-term holding. I personally think it is 1,800 dollars.
APT, SUI. DOT
Three L1 projects, with low risks and large room for growth. The ability to double the project is still relatively good, but it depends on the later development. The overall holding rate is about 20%.
STX. Op. Arb
Three L2 projects, STX as the second layer of Bitcoin follows the Bitcoin market and exceeds the increase of Bitcoin. OP and ARB as the second layer of Ethereum networks are also at a low level. In the future, Ethereum ETH will surely promote a wave of market. The overall holding rate is about 20%.
I personally think that large funds still have to play BTC. ETH. BNB holds 50%, leaving 10% to play small cottages and Moyin.
My personal opinion, I wish everyone here to achieve financial freedom as soon as possible😊
Catching up with the market in this circle is really like picking up money. In fact, it is not a bad thing to think of yourself as a pig standing at the outlet of the wind. I will share a few currencies that I personally think are excellent and hope to bring wealth to everyone!
BNB
This is a bit of a cliché. As the leading platform, Binance has long been empowering the currency. In addition, long-term deflation has led to basically no selling pressure. It is the first choice for long-term holding. I personally think it is 1,800 dollars.
APT, SUI. DOT
Three L1 projects, with low risks and large room for growth. The ability to double the project is still relatively good, but it depends on the later development. The overall holding rate is about 20%.
STX. Op. Arb
Three L2 projects, STX as the second layer of Bitcoin follows the Bitcoin market and exceeds the increase of Bitcoin. OP and ARB as the second layer of Ethereum networks are also at a low level. In the future, Ethereum ETH will surely promote a wave of market. The overall holding rate is about 20%.
I personally think that large funds still have to play BTC. ETH. BNB holds 50%, leaving 10% to play small cottages and Moyin.
My personal opinion, I wish everyone here to achieve financial freedom as soon as possible😊
See original
1. Market dynamics
1. Market dynamics: The market is showing a downward trend, and altcoins are generally declining. Bloomberg predicts that the size of the Ethereum ETF can only reach 10% of the Bitcoin ETF.
2. The US stock market has a correction, and the minutes of the Federal Reserve System meeting suggest that there will be no immediate interest rate cuts. Nvidia's performance exceeded expectations and set a new high.
2. Market focus
1. The prices of PEOPLE, MAGA, WIF and BOME in the Meme series have soared. Both US presidential candidates have expressed support for Meme coins, among which PEOPLE and MAGA are related to the theme of the US election.
2. BAKE, BNX and HOOK have risen in price. The largest increase in this round is BN, one of the Bn series, which has increased nearly tenfold.
3. BTC rune DOG, RUNECOINS have seen a significant increase in price. Kraken and Bn have recently released research reports on runes.
4. The cross-chain bridge STG has risen in price after launching version v2.
5. ETH's zk L2 project Taiko airdrops 5% of tokens to Taiko users and loopring community members. L2 project zksnyc hinted at an indiscriminate airdrop campaign.
1. Market dynamics: The market is showing a downward trend, and altcoins are generally declining. Bloomberg predicts that the size of the Ethereum ETF can only reach 10% of the Bitcoin ETF.
2. The US stock market has a correction, and the minutes of the Federal Reserve System meeting suggest that there will be no immediate interest rate cuts. Nvidia's performance exceeded expectations and set a new high.
2. Market focus
1. The prices of PEOPLE, MAGA, WIF and BOME in the Meme series have soared. Both US presidential candidates have expressed support for Meme coins, among which PEOPLE and MAGA are related to the theme of the US election.
2. BAKE, BNX and HOOK have risen in price. The largest increase in this round is BN, one of the Bn series, which has increased nearly tenfold.
3. BTC rune DOG, RUNECOINS have seen a significant increase in price. Kraken and Bn have recently released research reports on runes.
4. The cross-chain bridge STG has risen in price after launching version v2.
5. ETH's zk L2 project Taiko airdrops 5% of tokens to Taiko users and loopring community members. L2 project zksnyc hinted at an indiscriminate airdrop campaign.
See original
Bitcoin has broken through $71,000, and some people have begun to predict the future of Bitcoin. In fact, for these predictions, BitMEX founder predicts: US-Japan currency swap may trigger a surge in cryptocurrencies, and Bitcoin is expected to hit $1 million. Arthur Hayes, founder of BitMEX, pointed out in his latest article that in order to curb the depreciation of the yen, the Federal Reserve may reach an unlimited dollar-yen swap agreement with the Bank of Japan. Hayes believes that this move is equivalent to the Federal Reserve implementing yield curve control, which will cause a sharp depreciation of the US dollar. The depreciation of the US dollar means a sharp increase in global US dollar liquidity. This will be good for the cryptocurrency market led by Bitcoin. If the US and Japanese central banks really adopt a "simple and crude" currency swap policy, it will trigger a new round of cryptocurrency price increases. At that time, the price of Bitcoin is expected to hit the $1 million mark, or even set a record high. Hayes recommends that cryptocurrency traders pay close attention to the future changes in the US dollar-yen exchange rate, and at the same time, they can appropriately increase their cryptocurrency allocation. Once the market finds that the US and Japan are conducting large-scale currency swaps and the scale of swaps continues to expand, it is likely to mean that a cryptocurrency bull market is coming.
See original
According to a recent report from Citi, the bank believes that Ethereum appears to be less likely to "buy the news and sell the fact" than Bitcoin. Because the probability of the spot Ethereum ETF being approved is relatively small in comparison, the market positioning is not so extreme.
Citi data shows that Ethereum open interest and financing rates have declined compared to previous months. However, open interest has begun to rise, indicating that the market's expectations that the ETF may be approved are getting higher and higher.
In addition, Citi's historical data shows that net inflows into spot Bitcoin ETFs have a significant impact on the returns of cryptocurrencies. For example, as of May 20, the total net inflow of spot Bitcoin ETFs was $12.9 billion, which means that every $1 billion in inflow will push Bitcoin up by about 6%. Assuming that Ethereum has a similar pattern, it is estimated that the inflow may be between $3.8 billion and $4.5 billion, which may drive Ethereum prices up by 23-28%
Citi data shows that Ethereum open interest and financing rates have declined compared to previous months. However, open interest has begun to rise, indicating that the market's expectations that the ETF may be approved are getting higher and higher.
In addition, Citi's historical data shows that net inflows into spot Bitcoin ETFs have a significant impact on the returns of cryptocurrencies. For example, as of May 20, the total net inflow of spot Bitcoin ETFs was $12.9 billion, which means that every $1 billion in inflow will push Bitcoin up by about 6%. Assuming that Ethereum has a similar pattern, it is estimated that the inflow may be between $3.8 billion and $4.5 billion, which may drive Ethereum prices up by 23-28%
See original
While retail investors are the main buyers of Bitcoin, the latest 13F reports show that hedge funds, pension funds and banks are also investing in spot Bitcoin ETFs. The most well-known buyers are hedge funds such as Millennium Management, as well as Steven Cohen's Point72 Asset Management and Elliott Investment Management. Millennium Management even holds at least four spot Bitcoin ETFs, with a total value of about $2 billion.
Ethereum prices have risen by about 20% in the past three days as people are increasingly optimistic that the U.S. Securities and Exchange Commission will approve at least one spot Ethereum ETFTF before the deadline.
However, staking has always been a hot issue for Ethereum because it allows holders to continuously obtain returns, which raises questions: Should the token be considered a security within the purview of the SEC? Some market participants believe that if ETFs do not stake the Ethereum they hold, then these funds will be less attractive to investors than buying Ethereum directly in the cryptocurrency market.
Brian Rudick, senior strategist at digital asset firm GSR, said, "Holding Ethereum through an ETF will immediately incur an opportunity cost by giving up staking rewards."
At the same time, however, many industry advocates believe that eliminating staking plans by ETF issuers is actually a good thing for the industry because the industry's goal is to build a decentralized financial system rather than relying on a few intermediaries.
Leo Mizuhara, founder of Hashnote, an asset management company for decentralized financial institutions, said, "Staking Ethereum as part of the ETF may become a huge centralizing force. For example, due to the spot Bitcoin ETF, Coinbase currently has a very large amount of Bitcoin in custody, and something similar may happen to Ethereum staking."
However, some people expect ETF issuers to eventually get regulatory clarity to stake Ethereum. Ryan Watkins, co-founder of Syncracy Capital, said:
"I don't think this will last forever. As regulation becomes clearer in the next few years, these ETFs will eventually feature staking because the incentives are too tempting."
Beware of buying news and selling facts?Citi: Don’t panic!
Ethereum prices have risen by about 20% in the past three days as people are increasingly optimistic that the U.S. Securities and Exchange Commission will approve at least one spot Ethereum ETFTF before the deadline.
However, staking has always been a hot issue for Ethereum because it allows holders to continuously obtain returns, which raises questions: Should the token be considered a security within the purview of the SEC? Some market participants believe that if ETFs do not stake the Ethereum they hold, then these funds will be less attractive to investors than buying Ethereum directly in the cryptocurrency market.
Brian Rudick, senior strategist at digital asset firm GSR, said, "Holding Ethereum through an ETF will immediately incur an opportunity cost by giving up staking rewards."
At the same time, however, many industry advocates believe that eliminating staking plans by ETF issuers is actually a good thing for the industry because the industry's goal is to build a decentralized financial system rather than relying on a few intermediaries.
Leo Mizuhara, founder of Hashnote, an asset management company for decentralized financial institutions, said, "Staking Ethereum as part of the ETF may become a huge centralizing force. For example, due to the spot Bitcoin ETF, Coinbase currently has a very large amount of Bitcoin in custody, and something similar may happen to Ethereum staking."
However, some people expect ETF issuers to eventually get regulatory clarity to stake Ethereum. Ryan Watkins, co-founder of Syncracy Capital, said:
"I don't think this will last forever. As regulation becomes clearer in the next few years, these ETFs will eventually feature staking because the incentives are too tempting."
Beware of buying news and selling facts?Citi: Don’t panic!
See original
The launch of spot Bitcoin ETFs is considered a huge success based on key trading metrics such as flow and volume. The price of Bitcoin has soared to its highest point in more than two years. The top of the list is BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Smart Origin Bitcoin Fund (FBTC), which have both broken the $1 billion threshold in less than five days and are the only two funds in the ETF space to attract more than $3 billion in the first 20 days of trading.
For spot Ethereum ETFs, there is good reason to believe that they will be popular with retail investors. Nearly a dozen spot Bitcoin ETFs launched by companies such as Fidelity Investments and BlackRock have attracted nearly $13 billion in net inflows since their launch.
While retail investors are the main buyers of Bitcoin, the latest 13F reports show that hedge funds, pension funds and banks are also investing in spot Bitcoin ETFs. The most well-known buyers are hedge funds such as Millennium Management, as well as Steven Cohen's Point72 Asset Management and Elliott Investment Management. Millennium Management even holds at least four spot Bitcoin ETFs, with a total value of about $2 billion.
Ethereum prices have risen by about 20% in the past three days as optimism grows that the U.S. Securities and Exchange Commission will approve at least one spot Ethereum ETFTF before the deadline.
For spot Ethereum ETFs, there is good reason to believe that they will be popular with retail investors. Nearly a dozen spot Bitcoin ETFs launched by companies such as Fidelity Investments and BlackRock have attracted nearly $13 billion in net inflows since their launch.
While retail investors are the main buyers of Bitcoin, the latest 13F reports show that hedge funds, pension funds and banks are also investing in spot Bitcoin ETFs. The most well-known buyers are hedge funds such as Millennium Management, as well as Steven Cohen's Point72 Asset Management and Elliott Investment Management. Millennium Management even holds at least four spot Bitcoin ETFs, with a total value of about $2 billion.
Ethereum prices have risen by about 20% in the past three days as optimism grows that the U.S. Securities and Exchange Commission will approve at least one spot Ethereum ETFTF before the deadline.
See original
A report on May 21 said that SEC officials unexpectedly asked Nasdaq and the Chicago Board Options Exchange (CBOE) on Monday to quickly update and revise their spot Ethereum ETF listing application documents, which is usually a pre-approval request, suggesting that the agency may be ready to approve the two companies' applications.
At present, issuers such as VanEck have updated their 19b-4 documents, and most issuers have removed the relevant pledge clauses. Staking has always been a sensitive issue for Ethereum because it enables holders to earn returns, which raises questions about whether the token should be considered a security regulated by the SEC.
The SEC is about to make a blockbuster decision!
The SEC must decide by this week whether to approve the spot Ethereum ETF listing applications submitted by VanEck and ARK Investments and 21Shares submitted by CBOE. The exchanges need the SEC to approve their revised rules before they can list the products, while the issuers still need the SEC to approve the ETF registration statement before they can start trading.
Unlike the documents submitted by the exchanges, the SEC has no fixed decision time frame, which means that it may take several months for the spot Ethereum ETF to start trading. There is also speculation that the SEC's simultaneous filing requests to all issuers may mean that several spot Ethereum ETFs are expected to be approved at the same time.
But the approval of these applications does not automatically open the door to new spot funds. People familiar with the matter said that this is by no means a guarantee of a green light.
After delaying its decision on these fund applications in the past few months, the SEC will approve or reject VanEck's application by a May 23 deadline. VanEck is one of the issuers that submitted applications to the SEC.
It is reported that there have been conversations between SEC staff and spot Ethereum ETF issuers about S-1 documents. At present, they have concluded that there is still "some work to be done" on these issues.
There is a key question
The advent of spot Bitcoin ETFs in January this year was considered a breakthrough because they actually hold Bitcoin and have been widely welcomed by investors. Previously, investors could only invest in Bitcoin futures, a derivative contract to buy or sell an asset at a specific price in the future.
At present, issuers such as VanEck have updated their 19b-4 documents, and most issuers have removed the relevant pledge clauses. Staking has always been a sensitive issue for Ethereum because it enables holders to earn returns, which raises questions about whether the token should be considered a security regulated by the SEC.
The SEC is about to make a blockbuster decision!
The SEC must decide by this week whether to approve the spot Ethereum ETF listing applications submitted by VanEck and ARK Investments and 21Shares submitted by CBOE. The exchanges need the SEC to approve their revised rules before they can list the products, while the issuers still need the SEC to approve the ETF registration statement before they can start trading.
Unlike the documents submitted by the exchanges, the SEC has no fixed decision time frame, which means that it may take several months for the spot Ethereum ETF to start trading. There is also speculation that the SEC's simultaneous filing requests to all issuers may mean that several spot Ethereum ETFs are expected to be approved at the same time.
But the approval of these applications does not automatically open the door to new spot funds. People familiar with the matter said that this is by no means a guarantee of a green light.
After delaying its decision on these fund applications in the past few months, the SEC will approve or reject VanEck's application by a May 23 deadline. VanEck is one of the issuers that submitted applications to the SEC.
It is reported that there have been conversations between SEC staff and spot Ethereum ETF issuers about S-1 documents. At present, they have concluded that there is still "some work to be done" on these issues.
There is a key question
The advent of spot Bitcoin ETFs in January this year was considered a breakthrough because they actually hold Bitcoin and have been widely welcomed by investors. Previously, investors could only invest in Bitcoin futures, a derivative contract to buy or sell an asset at a specific price in the future.
See original
I am an old hand in the cryptocurrency circle. I have lost all my money playing contracts. After three bull and bear markets, I have concluded that contracts are a great test of skills and human nature, so small investors should still play spot. Of course, if you have great skills and a good mentality, just ignore what I said!
Catching up with the market in this circle is really like picking up money. In fact, it is not a bad thing to think of yourself as a pig standing at the outlet of the wind. I will share a few currencies that I personally think are excellent and hope to bring wealth to everyone!
BNB
This is a bit of a cliché. As the leading platform, Binance has long been empowering the currency. In addition, long-term deflation has led to basically no selling pressure. It is the first choice for long-term holding. I personally think it is 1,800 dollars.
APT, SUI. DOT
Three L1 projects, with low risks and large room for growth. The ability to double the project is still relatively good, but it depends on the later development. The overall holding rate is about 20%.
STX. Op. Arb
Three L2 projects, STX as the second layer of Bitcoin follows the Bitcoin market and exceeds the increase of Bitcoin. OP and ARB as the second layer of Ethereum networks are also at a low level. In the future, Ethereum ETH will surely promote a wave of market. The overall holding rate is about 20%.
I personally think that large funds still have to play BTC. ETH. BNB holds 50%, leaving 10% to play small cottages and Moyin.
My personal opinion, I wish everyone here to achieve financial freedom as soon as possible😊
Catching up with the market in this circle is really like picking up money. In fact, it is not a bad thing to think of yourself as a pig standing at the outlet of the wind. I will share a few currencies that I personally think are excellent and hope to bring wealth to everyone!
BNB
This is a bit of a cliché. As the leading platform, Binance has long been empowering the currency. In addition, long-term deflation has led to basically no selling pressure. It is the first choice for long-term holding. I personally think it is 1,800 dollars.
APT, SUI. DOT
Three L1 projects, with low risks and large room for growth. The ability to double the project is still relatively good, but it depends on the later development. The overall holding rate is about 20%.
STX. Op. Arb
Three L2 projects, STX as the second layer of Bitcoin follows the Bitcoin market and exceeds the increase of Bitcoin. OP and ARB as the second layer of Ethereum networks are also at a low level. In the future, Ethereum ETH will surely promote a wave of market. The overall holding rate is about 20%.
I personally think that large funds still have to play BTC. ETH. BNB holds 50%, leaving 10% to play small cottages and Moyin.
My personal opinion, I wish everyone here to achieve financial freedom as soon as possible😊
See original
Idle ETH is greater than 0.25? Don't let it sit idle, come do this! Both OK and Binance have invested, and their strength is endorsed.
Direct link: https://carnival.stakestone.io/r?code=A1048
Link wallet, follow Twitter, retweet, verify and change Twitter name,
Deposit ETH and convert it into STONE, pledge it until the end of May, and deposit 200,000 stones! If ETH stops, the income will not stop.#Meme#BTC #SHIB
Direct link: https://carnival.stakestone.io/r?code=A1048
Link wallet, follow Twitter, retweet, verify and change Twitter name,
Deposit ETH and convert it into STONE, pledge it until the end of May, and deposit 200,000 stones! If ETH stops, the income will not stop.#Meme#BTC #SHIB
See original
Guess
飛言走幣 Koinfly
--
Bullish
Binance’s BTC predictions take money activity
Someone takes 0.05 BTC every day, nearly 3500 U
I wonder if anyone on Binance Square has guessed it?
Because now it has been rolled to two decimal places😅
The last week of the event is left. I don’t ask for much, just win once.
-
I'll put the portal here. Let's go and play!
https://www.binance.com/zh-TC/futures-activity/futures-challenge
-
#合约终极挑战赛 #热门话题 #BTC $BTC
Someone takes 0.05 BTC every day, nearly 3500 U
I wonder if anyone on Binance Square has guessed it?
Because now it has been rolled to two decimal places😅
The last week of the event is left. I don’t ask for much, just win once.
-
I'll put the portal here. Let's go and play!
https://www.binance.com/zh-TC/futures-activity/futures-challenge
-
#合约终极挑战赛 #热门话题 #BTC $BTC