Jim Cramer Predicts Ethereum ETFs Expected to Grow

Image Credit: The Street Feb 29, 2024 By: Bhumi Shrivastava

Jim Cramer's Optimism

[{"selector":"#anim-df385d85-bb52-4f90-90bf-45055a1d8b68","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ddfbb31-fd86-4358-b66d-fceb47ce569b","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4c3d35f-1296-43bb-8914-48bb7424aada","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93077980-8eb4-4d51-a437-9976d4ae26b4","keyframes":{"transform":["translate3d(0px, 89.39187%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Jim Cramer is optimistic about the future of Ethereum exchange- traded funds (ETFs). Image Credit: Money

Coinbase's Initiative

[{"selector":"#anim-93a765e9-4559-481e-ba51-7c6d94241f86","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8bece0ad-1a24-4299-8627-ab50d5d2fd75","keyframes":{"transform":["translate3d(0px, 89.85127%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86612a4e-a121-4ebe-99fe-0dcd8a3a5fce","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bee3afb1-132f-465e-ae85-4be063daff7b","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Coinbase has taken proactive steps by formally requesting approval from the Securities and Exchange Commission (SEC) to list and trade the Grayscale. Image Credit: Coinbase

Industry Momentum

[{"selector":"#anim-aefa6068-f136-4cf4-b7c6-7e9a6a201aca","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e687bfa-5c89-4e11-89de-00e8dfb03d19","keyframes":{"transform":["translate3d(0px, 89.85127%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0869dff-7be3-432e-b5d3-0f5fd12a0783","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-11c91f7c-f9d6-4142-ae4f-9962990920dd","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Major financial institutions such as Fidelity and BlackRock are actively involved in advocating for the establishment of Ethereum ETFs. Image Credit: Crypto News

Price Predictions

[{"selector":"#anim-b709feb9-f3d2-4d5e-8727-edcd31eca95d","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b31edd0-1e6c-41e2-a249-ad38fdbba5d3","keyframes":{"transform":["translate3d(0px, 89.85127%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98c1833d-baf4-4fbe-a87c-6fb0b18a038d","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-033ebf12-3e0e-4931-b4b2-da9352d36bf2","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] A prominent financial institution, has forecasted a significant surge in Ethereum's price, potentially reaching $4,000. Image Credit: Altcoin Buzz

May Approval Timeline

[{"selector":"#anim-396ed76e-fc83-4a1e-a579-41424525d1ed","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd465eef-5700-4f2c-b498-300e3515e47d","keyframes":{"transform":["translate3d(0px, 88.84079%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cea236ec-01db-40e3-96fb-f523d82c8648","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f8d7bf96-372e-494b-8564-49434142378a","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Market observers anticipate a decision from the SEC regarding Ethereum ETFs in May. Image Credit: IQ.wiki

Expert Consensus

[{"selector":"#anim-81f4020a-e88f-49d6-a285-ce8467f2465d","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42c075fd-916f-4176-a78b-4c9c349b85b7","keyframes":{"transform":["translate3d(0px, 89.85127%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6519f909-7494-4704-b869-265247fdea90","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fce57a20-e612-4fec-b10e-9fd881f1a649","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Industry leaders like Grayscale's Sonneshein and ETF expert James Seyffart express confidence in the inevitability of Ethereum ETFs being approved in 2024. Image Credit: Block Journal

Cryptocurrency Goes Mainstream

[{"selector":"#anim-86cb62e9-09bb-46eb-b946-b8f91fbae17a","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9923af3-c674-4fbc-9e43-919e41bb85c8","keyframes":{"transform":["translate3d(0px, 88.84079%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5c15a60-cecb-43e0-8d13-eac3063216f2","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef8239db-ef31-4b7a-b566-b7e1eeb81b13","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Growing consensus among experts signals cryptocurrency's acceptance in mainstream investing. Image Credit: Cointelegraph

[{"selector":"#anim-110dd2c6-5928-4b62-9314-29d60ab7efed","keyframes":[{"offset":0,"transform":"translate3d(0, -1082.22183%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -304.32077859599997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -103.460406948%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -38.851763697%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -16.882660547999997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Next: 7 Reasons Why You Should Invest In MemeCoins See More