{"id":15372,"date":"2024-07-19T19:46:55","date_gmt":"2024-07-19T16:46:55","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-etf-could-boost-altcoins-says-expert\/"},"modified":"2024-07-19T19:46:55","modified_gmt":"2024-07-19T16:46:55","slug":"ethereum-etf-could-boost-altcoins-says-expert","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-etf-could-boost-altcoins-says-expert\/","title":{"rendered":"Ethereum ETF Could Boost Altcoins, Says Expert"},"content":{"rendered":"<p>The launch of an ETF based on the spot price of Ethereum may potentially have a positive impact on altcoins. This view was expressed by Darius Tabai, CEO of DEX Vertex Protocol, in a conversation with <a href=\"https:\/\/www.theblock.co\/post\/306303\/vertex-ceo-says-altcoins-could-benefit-from-spot-ethereum-etfs-going-live\">The Block<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Given the commotion and lack of clarity surrounding the launch of spot exchange-traded funds based on Ethereum, it seems the market is not fully appreciating the impact of the ETF, and we could easily see a rise of more than 25%,&#8221; the expert suggested.<\/p>\n<\/blockquote>\n<p>He anticipates a potential effect on altcoins if the upward movement of the second-largest cryptocurrency by market capitalization proves sustainable. In his view, the situation will contrast with the <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">launch of spot Bitcoin ETFs<\/a>.<\/p>\n<p>On July 18, the U.S. Securities and Exchange Commission approved applications for the launch of a mini-ETF based on Ethereum from Grayscale and a spot exchange-traded fund from ProShares. Trading of these instruments is expected to begin on July 23, by which date other issuers of spot ETH-ETFs will have fully complied with regulatory requirements.<\/p>\n<p>Earlier, QCP Capital predicted that ether could rise to $4800 following the approval of ETH-ETFs. Experts believe that demand amounting to 10-20% of the inflow into Bitcoin funds will trigger positive movement.<\/p>\n<p>In July, Binance CEO Richard Teng stated that the products will ensure a stable and significant capital inflow, but only over time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The launch of an ETF based on the spot price of Ethereum may potentially have a positive impact on altcoins. This view was expressed by Darius Tabai, CEO of DEX Vertex Protocol, in a conversation with The Block. &#8220;Given the commotion and lack of clarity surrounding the launch of spot exchange-traded funds based on Ethereum, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,46,1138],"class_list":["post-15372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-ethereum","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15372"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15371"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}