The delay in the launch of the Ethereum spot ETF is actually a positive thing, which can delay the landing of the positive things! Continue to hype the launch expectations.
Analyst: The delay in the launch of the Ethereum ETF may be conducive to the rise of ETH prices
On May 25, although the U.S. Securities and Exchange Commission (SEC) has approved 8 Ethereum ETFs, including BlackRock and Fidelity, unlike the Bitcoin ETF, which was launched on the day of approval, these Ethereum ETFs may still take weeks or months to officially trade. In this regard, many industry analysts said that the delay in the launch of the ETF may be conducive to the rise of Ethereum prices. Simon Peters, an analyst at eToro, pointed out that savvy cryptocurrency investors can now buy Ethereum in advance in order to profit when the ETF is officially traded and billions of dollars of funds potentially flow in. Brian Rudick, an analyst at GSR Research, also believes that the delay in the launch of the ETF is good news to a certain extent, because the previous unexpected approval of the SEC caught most people off guard, and the current delay gives the market time to brew expectations, which will help increase the inflow of funds in the early stage of the ETF launch, thereby driving up the price of ETH.