[Nansen Analyst: Trump’s victory may quickly promote the first pledged Ether ETF]
The U.S. presidential election ends on November 5, and Trump’s victory may promote cryptocurrency regulation and diversification of financial products, especially Ethereum. Nansen analyst Edward Wilson said that the Trump administration may support more crypto innovations, including the launch of the first staked Ether ETF, which will help Ether become the focus again.
If the Ethereum ETF is approved, it could push its price past its all-time high of $4,800, reviving its 2021 boom. By comparison, when the Bitcoin ETF went public, its ETF inflows accounted for 75% of new investments.
Charles d’Haussy, CEO of the dYdX Foundation, revealed that the European market may be the first to launch an Ethereum pledge-related ETF. He pointed out that this will be an important milestone in the industry, and may be first introduced by markets such as Europe to promote the development of the Ethereum ecosystem.
However, the U.S. Spot Ethereum ETF underperformed, with cumulative net outflows exceeding $489 million. Eric Balchunas, senior analyst at Bloomberg ETFs, believes that the Ethereum ETF may only play a "supporting role" in terms of capital inflows to the Bitcoin ETF.
