
Investors expect Ethereum to surge after ETF launch
12.07.2024
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60Analysts attribute this rise to rumors about the launch of spot funds for this coin
It is expected that their opening will take place very soon - approximately in the middle of July. This period is chosen not by chance, as it is known that on July 8, the U.S. Securities and Exchange Commission plans to update the form S-1. This document contains information about companies and their financial condition, this information is necessary for the launch of the fund
Why is launching an ETF for ETH so important? The fact is that with the help of such funds, more investors will have access to the assets. This, in turn, will raise the value of the cryptocurrency itself and push altcoins to growth
What to expect from the crypto market after the launch of ETF on ETH? Cryptocurrencies differ from the usual securities with a high degree of volatility. This is because the rate of digital assets is influenced by many factors - from the behavior of ordinary and large investors to the political environment
Because of how quickly market conditions change, it can be difficult to say exactly in which direction the assets will move. Specialists do not recommend simply following the general mood of the community. They believe that traders should always do their own research before buying tokens
Even in the case of ETH and the launch of ETF-funds, the situation can hardly be considered unambiguous. Some analysts expect the beginning of a bullrun for Ethereum amid institutional demand. Others believe that the coin will fall or stagnate slightly