There have been many discussions and opinions about how much ethereum Spot ETF will affect the price of eth. Cryptocurrency analyst and trader Raman also joined the conversation and revealed how these funds provide ethereum/ethereum-price-headed-to-4000/#:~:text=crypto%20analyst%20Linda%20has%20made,to%20such%20a%20price%20surge.” rel=”nofollow noopener” target=”_blank”>bullish catalysts for ethereum.
How ethereum Spot ETFs Offer a Bullish Setup for eth Price
Alluding to ethereum Spot ETFs, Raman stated on an x (formerly twitter) x.com/VivekVentures/status/1815018045942702304″ rel=”nofollow” target=”_blank”>mail that the second half of this year will be the “most obvious bullish setup for the ethereum Ecosystem in recent history.” First, he claimed that ethereum ETFs will unlock new capital in the ethereum ecosystem.
The analyst believes that this new money will greatly revalue the eth Priceespecially when you consider that ethereum hasn’t witnessed such massive inflows in quite some time. He noted that the money that has moved into the ethereum ecosystem over the past two years has simply been the capital rotation of traders who have continued to divest their money between various crypto assets.
Raman also belongs to the school that believes ethereum/bitwise-cio-bullish-on-spot-ethereum-etfs-envisions-15-billion-inflows/” rel=”nofollow noopener” target=”_blank”>billions of dollars will flow into the ethereum ecosystem through ethereum Spot ETFs. The analyst alluded to how the bitcoin Spot ETF have witnessed over $17 billion in net inflows and claimed that ethereum's turn is next. Bitwise Chief Investment Officer (CIO) Matt Hougan ethereum/bitwise-cio-bullish-on-spot-ethereum-etfs-envisions-15-billion-inflows/” rel=”nofollow noopener” target=”_blank”>Previously predicted that ethereum Spot ETFs will attract $15 billion in their eighteen months of trading.
Other headwinds that will become tailwinds
Raman also highlighted two other headwinds that will become tailwinds for ethereum thanks to the ethereum Spot ETFThe analyst claimed that the “regulatory witch hunt against eth is ending.” He claimed that ethereum has been under investigation since The fusionsomething he said made the crypto token “radioactive to institutions.”
However, Raman noted that the “era of regulatory purgatory” has ended with the approval of ethereum Spot ETFs. crypto/sec-announcement-crypto/#:~:text=What%20The%20SEC’s%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.” rel=”nofollow noopener” target=”_blank”>Securities and Exchange Commission The (SEC) approval of these funds has practically confirmed that the crypto asset is now considered as a commoditynot a security. Raman added that this has cleared the way for new applications and innovations to flourish on ethereum.
Lastly, Raman mentioned that the macroeconomic outlook is poised to favor riskier assets like ethereum. He noted that these risk assets had been sidelined so far as capital that could have flooded into cryptocurrencies was diverted into traditional assets. However, as Raman stated, that is about to change as the largest capital markets Cryptocurrencies are finally being adopted around the world.
He added that new institutional and retail capital will flow into ethereum (and bitcoin) as Spot ETFs are the “safest on-ramps” into the crypto space. In line with this, Raman believes ethereum is ripe for “prime-time adoption.”
Featured image created with Dall.E, chart from Tradingview.com
