Bloomberg ETF analysts discuss the performance of Bitcoin and Ethereum ETFs, highlighting the strong inflows for Bitcoin ETFs and the challenges faced by Ethereum ETFs. They also address the withdrawal of Solana ETF applications and the broader ETF market trends.
The pursuit of Ethereum exchange-traded funds (ETFs) faces ongoing regulatory challenges. Despite the successful launch of Bitcoin ETFs, the Securities and Exchange Commission (SEC) continues to scrutinize prospective Ethereum ETF issuers. Grayscale and BlackRock, prominent players in the digital asset industry, are actively seeking approval but encounter delays. Industry experts express cautious optimism, with some estimating less than a 50% chance of approval by May 2024. The SEC’s detailed review process and the complexities of Ethereum financial products contribute to the prolonged approval timeline. The industry eagerly anticipates discussions about Ethereum ETFs at the upcoming Benzinga’s Future of Digital Assets event.
Standard Chartered analysts have postponed their previous prediction of Ethereum exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission (SEC) from May to an unspecified date. The delay is expected to impact the price of Ethereum, with analysts now forecasting a price of $150,000 for Bitcoin and $10,000 for Ethereum by the end of the year.
