{"id":25076,"date":"2024-07-15T18:00:58","date_gmt":"2024-07-15T15:00:58","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25076"},"modified":"2024-07-15T12:58:45","modified_gmt":"2024-07-15T09:58:45","slug":"ether-rallies-ahead-of-potential-spot-etf-launch-reaches-3331","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ether-rallies-ahead-of-potential-spot-etf-launch-reaches-3331\/","title":{"rendered":"Ether Rallies Ahead of Potential Spot ETF Launch, Reaches $3,331"},"content":{"rendered":"<p>Expectations that <strong>spot Ether exchange-traded funds (ETFs)<\/strong> might be authorized and introduced as early as the end of this week have sent Ether&#8217;s price upwards beyond $3,300. TradingView data shows that ether is trading at $3,331, a 16% rise from $2,909 in the last week.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ether-rallies-ahead-of-potential-spot-etf-launch-reaches-3331\/#Looking_forward_ETF_approval\" title=\"Looking forward ETF approval\">Looking forward ETF approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ether-rallies-ahead-of-potential-spot-etf-launch-reaches-3331\/#Possible_Effects_on_Ethers_Value\" title=\"Possible Effects on Ether&#8217;s Value\">Possible Effects on Ether&#8217;s Value<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Looking_forward_ETF_approval\"><\/span>Looking forward ETF approval<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Nate Geraci<\/strong>, president of The ETF Store and ETF expert, visited X (previously Twitter) to foretell the eight spot ETH ETFs&#8217; impending approval. Welcome to ETH ETF approval week. Not knowing anything particular, simply can&#8217;t come up [with] reasonable cause for any further delay at this moment, Geraci tweeted on July 14.<\/p>\n<p><a href=\"https:\/\/x.com\/NateGeraci\/status\/1812593361267876057\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25077\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/nate-geraci.png\" alt=\"nate geraci\" width=\"652\" height=\"293\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/nate-geraci.png 652w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/nate-geraci-300x135.png 300w\" sizes=\"auto, (max-width: 652px) 100vw, 652px\" \/><\/a><\/p>\n<p>Hoping to get the SEC&#8217;s final clearance to start listing their <strong>spot Ether ETFs<\/strong>, many ETF issuers, including VanEck and 21Shares, have submitted revised registrations in recent weeks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Possible_Effects_on_Ethers_Value\"><\/span>Possible Effects on Ether&#8217;s Value<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most analysts see the possible introduction of these ETFs as a major factor influencing Ether&#8217;s price in next months. Managing partner of MV Global, a cryptocurrency investment company, Tom Dunleavy anticipates the ETFs to draw in much to $10 billion in fresh inflows in the next months after their introduction. By the end of the year, he expects this flood of Ethers will push prices to fresh all-time highs.<\/p>\n<p>Dunleavy also pointed out that Wall Street might find Ether ETFs more palable than Bitcoin ETFs. &#8220;This is a lot easier sell for financial advisers than &#8216;digital gold,&#8217; he said.&#8221; Dunleavy thinks that once the money is released, Ether&#8217;s price\u2014which has trailed behind Bitcoin for the last 18 months\u2014will bounce quickly.<\/p>\n<p>The expectation around the possible approval of spot Ether ETFs has caused the crypto community to be somewhat optimistic. Investors and analysts are eagerly watching the SEC&#8217;s next actions as the acceptance of these ETFs might establish a standard for next digital asset investments and perhaps result in more general acceptance.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expectations that spot Ether exchange-traded funds (ETFs) might be authorized and introduced as early as the end of this week have sent Ether&#8217;s price upwards beyond $3,300. TradingView data shows that ether is trading at $3,331, a 16% rise from $2,909 in the last week. Looking forward ETF approval Nate Geraci, president of The ETF<\/p>\n","protected":false},"author":6,"featured_media":25079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[105,1000],"class_list":["post-25076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-ethereum","tag-ethereum-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ether Rallies Ahead of Potential Spot ETF Launch, Reaches $3,331 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ether-rallies-ahead-of-potential-spot-etf-launch-reaches-3331\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ether Rallies Ahead of Potential Spot ETF Launch, Reaches $3,331 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Expectations that spot Ether exchange-traded funds (ETFs) might be authorized and introduced as early as the end of this week have sent Ether&#8217;s price upwards beyond $3,300. 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