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#CryptoNews #Update Why crypto traders are bullish on the delay before Ethereum ETFs go live
by Tim Copeland
Quick Take
While Bitcoin ETFs went live a day after approval, Ethereum ETFs face a wait of weeks or months before they will start trading.
Traders say this might allow the market to build momentum ahead of potential inflows
Ethereum  ETH +0.37%
ETFs have now been approved and unlike the Bitcoin ETFs, which started trading the day after approval, these will likely go live in a few weeks or months.
The delay is because even though the U.S. Securities and Exchange Commission has approved the 19b-4 forms, the ETFs need to see their S-1 registration statements go effective before trading can begin. This is in the early stages and the timings will depend on how quickly the agency can provide feedback to issuers. But even though this feels anticlimactic after the last-minute turn of events, traders argue that it’s a good thing.
“Everyone was anticipating the ETF would not get approved,” said Split Capital co-founder Zaheer Ebtikar. “Then very quickly we went back into a market where everyone was caught offside.”
Ebtikar explained that if the products started trading immediately, there would have been much more violent price action. Instead, the delay allows market participants time to front-run potential inflows to the ETFs. He noted that even if they see conservative estimates of 15% of the size of the Bitcoin ETF inflows, this would still be a substantial amount of value.
This matched the view by eToro analyst Simon Peters, who said, “With the 19b-4s out of the way, it could be an opportunity now for savvy crypto investors to buy Ethereum in anticipation of the S-1s being approved, front-running the ETFs going live and the billions of dollars potentially flowing into these.”
Peters added that the price of bitcoin reached an all-time high after its ETFs went live, begging the question of whether that would happen to ether. He noted that ether is currently around 35% away from its all-time high.
by Tim Copeland
Quick Take
While Bitcoin ETFs went live a day after approval, Ethereum ETFs face a wait of weeks or months before they will start trading.
Traders say this might allow the market to build momentum ahead of potential inflows
Ethereum  ETH +0.37%
ETFs have now been approved and unlike the Bitcoin ETFs, which started trading the day after approval, these will likely go live in a few weeks or months.
The delay is because even though the U.S. Securities and Exchange Commission has approved the 19b-4 forms, the ETFs need to see their S-1 registration statements go effective before trading can begin. This is in the early stages and the timings will depend on how quickly the agency can provide feedback to issuers. But even though this feels anticlimactic after the last-minute turn of events, traders argue that it’s a good thing.
“Everyone was anticipating the ETF would not get approved,” said Split Capital co-founder Zaheer Ebtikar. “Then very quickly we went back into a market where everyone was caught offside.”
Ebtikar explained that if the products started trading immediately, there would have been much more violent price action. Instead, the delay allows market participants time to front-run potential inflows to the ETFs. He noted that even if they see conservative estimates of 15% of the size of the Bitcoin ETF inflows, this would still be a substantial amount of value.
This matched the view by eToro analyst Simon Peters, who said, “With the 19b-4s out of the way, it could be an opportunity now for savvy crypto investors to buy Ethereum in anticipation of the S-1s being approved, front-running the ETFs going live and the billions of dollars potentially flowing into these.”
Peters added that the price of bitcoin reached an all-time high after its ETFs went live, begging the question of whether that would happen to ether. He noted that ether is currently around 35% away from its all-time high.
#Update
Bitcoin has established itself as a serious competitor to gold. Bitcoin’s market capitalization is currently at 8.4%, quickly approaching 10% of gold as institutional interest soars. Bitcoin is currently valued at $1.4tr compared to gold’s $16tr market cap.
A key distinction between Bitcoin and gold is their supply dynamics:
💥Bitcoin’s supply is fixed, with 94% of its total 21m coins already mined, translating to a circulating supply of 19.7m.
💥In contrast, gold’s supply continues to grow steadily and is projected to reach 250,000 tonnes by 2030,.
$BTC
Bitcoin has established itself as a serious competitor to gold. Bitcoin’s market capitalization is currently at 8.4%, quickly approaching 10% of gold as institutional interest soars. Bitcoin is currently valued at $1.4tr compared to gold’s $16tr market cap.
A key distinction between Bitcoin and gold is their supply dynamics:
💥Bitcoin’s supply is fixed, with 94% of its total 21m coins already mined, translating to a circulating supply of 19.7m.
💥In contrast, gold’s supply continues to grow steadily and is projected to reach 250,000 tonnes by 2030,.
$BTC
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✅ Target achieved: 1st, 2nd, 3rd
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Period: 20 hours.
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#CORE Update
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As predicted, giving straight +15% in spot so far.
We gave the exact bottom for buying.
Have you bought with us?
Send your feedbacks here.
@Contact_ACS
Follow us for more alpha signals like this.🔥
#core #COREUSDT #charts #ChartWhisperer
#Update
‼️ Customer funds from Genesis Block were processed and received through Alameda - Cryptoslate
It keeps getting worse...
#News #ProCryptoTech
‼️ Customer funds from Genesis Block were processed and received through Alameda - Cryptoslate
It keeps getting worse...
#News #ProCryptoTech
Some people telling me that you said in your post that Bitcoin won't go above 51k but it has gone up to 52k.
So what I want to say to those people is that the update I gave you regarding Bitcoin was on February 13th and on February 14th I told you that my February 13th update was correct.
Look, I'm not saying that my updates are 100% correct, I'm not rooting for them, I'm just saying that I'm going to give you the best update I can.
So if you don't follow me then follow me so you can get every bitcoin update from time to time.
#BTC #SquareBinance #Update
So what I want to say to those people is that the update I gave you regarding Bitcoin was on February 13th and on February 14th I told you that my February 13th update was correct.
Look, I'm not saying that my updates are 100% correct, I'm not rooting for them, I'm just saying that I'm going to give you the best update I can.
So if you don't follow me then follow me so you can get every bitcoin update from time to time.
#BTC #SquareBinance #Update
