On July 4, while many markets, investors, institutions and companies were waiting for #Ethereum✅ ETF approval, news of the postponement came. While the news of the postponement shook the market deeply, Bitcoin sales caused Ethereum to fall even further. But something we never expected could happen. Ethereum may start experiencing its own bull.
Highlights
Grayscale's latest survey on cryptocurrency and elections reveals how Spot Ethereum ETF approval could change the investment dynamics of US voters.
It was revealed that 1 in 4 of the survey participants stated that they would be more interested in $ETH investments after the highly anticipated ETF approval.
The survey also revealed how cryptocurrencies are causing turmoil in the political arena.
#grayscale A recent poll conducted by Harris Poll on behalf of Shadows light on the potential impact of Spot Ethereum ETF approval on the interest of American voters. Moreover, the survey highlights US voters' potential investment in Ethereum (ETH) and other crypto assets. This survey collected data between April 30 and May 2, 2024. It reveals significant shifts in attitudes towards crypto investing during the upcoming 2024 US Presidential elections.
According to the Grayscale survey, approximately 25% of respondents responded positively to the S-1 approval of Spot Ethereum ETFs. #ETF your approval will send them to Ethereum and #Bitcoin $BTC They stated that it would make them more interested in investing in other crypto assets other than ) Moreover, this demonstrates a significant potential increase in interest reflecting the growing awareness and acceptance of Ethereum as a viable investment option.
On the other hand, 25% said such approval would have no impact on their investment interest. This shows a balanced perspective among voters. However, the survey also revealed that a significant portion of the population is unfamiliar with the concept of Spot Ethereum ETF. About 43% of US voters surveyed said they were unfamiliar with it.
Therefore, it underscores the need to increase education and awareness efforts to fully leverage the potential investor base. Meanwhile, the findings of the Grayscale survey also examine the broader context of crypto investing, with a particular focus on Bitcoin. Almost two-thirds of likely voters who own Bitcoin see it as an investment in the future of #Blockchain technology.
As a result, Ethereum ETF approval will enable more users to invest in Ethereum. In this context, a new rally can be expected for Ethereum. In particular, Ethereum's separation from Bitcoin and experiencing its own bull will also be reflected in altcoins.