F2Pool, the founder of Bitcoin mining pool, Discus Fish, stated that based on the timeline of previous Bitcoin ETF approvals and the current market information, the Ethereum ETF may start trading as early as mid-June, and institutional funds are expected to gradually enter the market next year.
Index:
Discus Fish Predicts Timeline for Ethereum ETF
Bloomberg Analyst: Mid-June is Possible
Standard Chartered: Ethereum May Break $8,000 by Year-end
Yesterday (24th), the cryptocurrency market received another major news. The U.S. Securities and Exchange Commission (SEC) formally approved the 19b-4 filings submitted by eight Ethereum ETF issuers, bringing us one step closer to the launch of the first Ethereum ETF.
However, it should be noted that after the approval of the 19b-4 filings, issuers still need to wait for the SEC’s approval of their S-1 registration statements before they can officially begin trading. The SEC has just started discussions with issuers regarding their S-1 filings in the past few days. It is currently unclear how long this process will take, but some analysts speculate that it may take several weeks.
Discus Fish’s Prediction for Ethereum ETF Timeline
In response to this background, Discus Fish, the founder of F2Pool and digital asset custody solution provider Cobo, made a post on the social platform X yesterday, predicting the possible timeline for the listing of the Ethereum ETF based on the timeline of the Bitcoin ETF approval and the current public information in the market. The timeline is as follows:
Bloomberg Analyst: Mid-June is Possible
Discus Fish’s view is similar to that of Bloomberg analyst James Seyffar, who also stated in a post yesterday:
However, Eric Balchunas, another Bloomberg analyst, is even more convinced that there will be results by mid-June:
Standard Chartered: Ethereum May Break $8,000 by Year-end
In addition to predicting the official listing time of the Ethereum ETF, analysts have also made bold predictions about the price of ETH. For example, Geoff Kendrick, Head of Foreign Exchange Research and Digital Asset Research at Standard Chartered Bank, predicted the potential fund flow that the approval of the Ethereum ETF could bring:
Kendrick also expects that by 2024, the price ratio of Ether to Bitcoin will remain at 5.4%. If BTC reaches $150,000 by the end of the year, the price of Ether may reach $8,000.
Further Reading:
Strong! Ethereum at $3,700, Institutions and Analysts Predict ETH’s Future Market?
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