This is the view from Kaiko Research, the source link will be below.
📌GRAYSCALE
• Will convert the ETHE trust fund into a spot ETF and launch a new mini fund backed by $1 billion from the previous fund.
• Keep ETHE fees higher than competitors, at 2.5%. The 2.5% ETHE fee could lead to capital withdrawals from the fund, similar to GBTC's performance after conversion to a spot BTC ETF.
📌OTHER ETH ETF ISSUERS
• Choose to launch with fee waivers, ranging from no fees for 6 months to a year or until assets reach $500 million to $2.5 billion. This fee war shows the level of competition in the market.
• Ark Invest: Decided to withdraw from the ETH ETF race due to narrow profit margins.
📌IMPLIED VOLATILITY (IV) OF ETH - (IMPLIED VOLATILITY OF ETH)
• ETHE's discount to net asset value has closed over the past few weeks, after widening from February to May as approval hopes dwindled.
• This narrowing gap shows that traders have bought ETHE below nominal value and will convert this stock at NAV price to realize profits.
• ETH's implied volatility (IV) increased sharply over the weekend. The latest contract expiring on July 26 increased from 59% to 67%. IV on contracts expiring in August remained above 65%, while on September 27 it was 70%.
• This again shows little confidence in the ETH ETF launch, as traders are willing to pay higher fees to hedge their bets.
ETH price is trending down after a short-term increase in May upon the approval of rule 19b-4. Previously, ETH price tested levels around $4,000 in March when BTC hit a record high.
You can read more in this article about Ethereum.
🧭 OPPORTUNITIES & RISKS WHEN INVESTING ETHEREUM - UNDER WHICH PRICE SHOULD I BUY ETH?
@TinTucBitcoin #tintucbitcoin #Write2Win #bitcoin #ETHETFsApproved #ETHETFS
