JUST IN - $Ethereum Foundation Sells another 200 $ETH
♾️ The $Ethereum Foundation just offloaded 200 $ETH for 527,989 DAI in two transactions, bringing their September total to 1,150 $ETH ($2.8M) sold.
♾️ $Ethereum spot ETFs also saw inflows of $1.5M yesterday. Bitwise ETHW led the inflows with $5.2M followed by BlackRock ETHA with $3.7M.
♾️ $Ethereum ETFs recorded net outflows of $20.1M, with Grayscale ETHE leading the outflows.
♾️ $Ethereum hits $2,600 📊
♻️ Meanwhile, Coinbase launches wrapped $Bitcoin (cbBTC) on $Ethereum and $Base. This follows controversy over BitGo’s WBTC custodial changes.
➖️ This is good news for $ETH 🔹
➖️ We're watching closely and will keep you updated.
#Ethereum #Ethereum_ETFs_Expected_Date #Ethereum(ETH) #EthereumETF #Ethereum✅️

Introduction
L'adoption des crypto-monnaies s'accélère à mesure que de nouveaux véhicules d'investissement émergent. Parmi eux, les fonds négociés en bourse (ETF) Bitcoin et Ethereum jouent un rôle crucial en facilitant l'accès des investisseurs traditionnels à ces actifs numériques.
Qu'est-ce qu'un ETF ?
Un ETF est un fonds d'investissement dont les parts se négocient en bourse, permettant aux investisseurs d'acheter une exposition à un actif ou à un indice sans avoir à posséder les actifs eux-mêmes. Les ETF Bitcoin et Ethereum offrent une manière simplifiée d'investir dans ces crypto-monnaies, tout en bénéficiant de la réglementation des marchés financiers.
L'impact des ETF sur l'adoption
1. Accessibilité : Les ETF rendent les crypto-monnaies plus accessibles aux investisseurs institutionnels et particuliers qui peuvent être réticents à acheter directement des crypto-monnaies. Cela ouvre la voie à une adoption plus large.
2. Légitimité : L'approbation des ETF par les régulateurs renforce la légitimité des crypto-monnaies. Lorsque des institutions financières proposent des produits basés sur Bitcoin et Ethereum, cela envoie un signal positif au marché et attire davantage d'investisseurs.
3. Liquidité : Les ETF augmentent la liquidité des marchés de crypto-monnaies. En permettant aux investisseurs d'acheter et de vendre facilement des actions de ces fonds, ils réduisent la volatilité et facilitent une meilleure formation des prix.
La montée des ETF Bitcoin et Ethereum
Depuis l'approbation des premiers ETF Bitcoin aux États-Unis, l'intérêt pour ces produits a explosé. Les ETF Ethereum ont également gagné en popularité, permettant aux investisseurs de s'exposer à la deuxième plus grande crypto-monnaie par capitalisation boursière. Ces produits ont contribué à une augmentation significative des volumes d'échanges et à une meilleure reconnaissance des crypto-monnaies sur les marchés traditionnels.
Défis et considérations
Malgré leurs avantages, les ETF ne sont pas exempts de défis. Les préoccupations concernant la sécurité, la réglementation et la gestion des actifs sous-jacents demeurent. Les investisseurs doivent être conscients des risques associés aux investissements dans des produits liés aux crypto-monnaies.
Conclusion
Les ETF $BTC et $ETH représentent une étape importante vers l'adoption généralisée des crypto-monnaies. En rendant ces actifs plus accessibles et légitimes, ils ouvrent la voie à une nouvelle ère d'investissement. À mesure que le marché continue d'évoluer, il sera essentiel de suivre les développements réglementaires et technologiques qui pourraient influencer l'avenir de ces produits et de la crypto-monnaie dans son ensemble

According to GSR, a crypto market maker, the chance of a spot Ethereum ETF getting approval in May has dropped to 20%.
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Analyst Brian Rudick stated in a note on Wednesday that they now believe there’s only a 20% likelihood of the SEC approving such an ETF next month.

Drop in Likelihood of Spot Ether ETF Approval
GSR’s previous estimate in January put the likelihood of a spot Ether ETF approval in May at 75%. However, this estimate has now plummeted to just 20%. The significant decrease in probability indicates a shift in expectations regarding the approval of such an ETF by the SEC.
The optimistic outlook in January was attributed to various factors, including Grayscale’s Court of Appeals victory and the approval of Ethereum Futures ETFs in October. These developments contributed to a favorable perception of the regulatory environment surrounding Ethereum-based ETFs.

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Analysts also noted similarities between the conditions leading up to the potential approval of a spot ether ETF and those preceding the approval of spot bitcoin ETFs. These similarities, such as the existence of futures-based ETFs and significant correlation between spot and futures markets, bolstered confidence in the possibility of SEC approval. However, recent developments and changing market dynamics have led to a revision of these expectations.
Revised Outlook on Spot Ether ETF Approvals
The GSR analyst has shifted to a more cautious stance regarding the potential approval of spot ether ETFs. Citing minimal engagement from the SEC and reported political pressure against approving additional digital asset ETFs, the analyst believes that approval odds have significantly decreased. Additionally, the SEC’s purported investigation into whether ether qualifies as a security further diminishes the likelihood of approval.

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Speculating on the SEC’s approach, the analyst suggests that the regulatory body may aim to avoid turning the approval process into a highly publicized event. This cautious approach could prolong the approval process for spot ether ETFs.
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As a result of these factors, the GSR analyst now predicts that the approval process for spot ether ETFs could be considerably delayed. The analyst estimates that approval may not occur until 2025-2026, with the process potentially involving litigation and other legal challenges.
Implications of Ether Staking in ETF Applications

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Rudick also highlighted recent developments where ETF issuers have modified their applications to incorporate ether staking. While adding staking yield to an ETF may enhance its appeal, Rudick questioned the rationale behind such amendments, especially given the already uncertain approval prospects.
Speculating on the motives behind these changes, Rudick suggested two possibilities. Firstly, issuers may be attempting to provoke a response from the SEC amid its apparent reluctance to engage with ETF applications. Alternatively, they might be preemptively preparing for a potential rejection in May and laying the groundwork for future staking initiatives.
Regardless of the reasons, Rudick believes that these amendments could further diminish the likelihood of approval in May, adding to the overall uncertainty surrounding the approval process.

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Revised Estimates for Spot Ether ETF Approval
Earlier this month, Bloomberg ETF analysts adjusted their outlook on the likelihood of a spot ether ETF being approved in May, lowering their estimate to 30%. This revision marks a significant decrease from their previous estimates. In January, Eric Balchunas projected a 70% chance of approval by May, while his colleague James Seyffart provided a slightly lower estimate of 60-65%.
Seyffart expressed growing pessimism regarding the approval prospects, noting a lack of progress as the deadline approaches. He emphasized the contrasting dynamics between the current situation and the optimism surrounding Bitcoin ETF approval. As the deadline draws nearer, Seyffart highlighted minimal developments, contributing to a diminishing sense of optimism among analysts and market participants alike.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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