ETH ETF : Ethereum ETF Date Released?

Rumors are taking over the crypto community for the Ethereum ETF release date. It’s speculated that Ethereum ETF approval might happen in March. ETH ETF has become the next target of investors all because of Bitcoin ETF’s success, and people can’t wait to see the same success for ETH ETF.

Bitcoin ETF had a positive price prediction and gained $10 Billion in AUM (Assets Under Management) within a month. It’s exciting to see how Ethereum ETF will perform. So, what’s the expected Ethereum ETF date? Let’s find that out in this blog.

What’s Ethereum ETF?

Ethereum ETF is a product created to track the Ethereum price , facilitating the buying and selling of Ethereum on various exchanges. It is a convenient way to become a part of the crypto market without directly managing the assets.

ETH ETF mirrors the behavior of Ethereum in the market and offers exposure to its value without complexities. It is operated under the regulatory framework of the crypto market, allowing the regulated and secure channel for investors to invest in crypto. Ethereum ETF has regulatory advantages and offers security and liquidity, perfect for beginners or people who don’t want to manage digital assets.

In general, an ETF is a large pool of money replicating the price growth of the assets it is tracking. There are 1000s of these ETFs that come from different companies, but most are chasing to replicate the price growth of the same thing. You give up your assets and get protection, efficiency, and simplicity.

Ethereum ETF Might Happen In March?

With the increased hopes from Ethereum ETF, everyone is presenting their views for a possible date. Some have predicted that it might get approved by March, and some have expected the May month. There’s still no certainty when it might happen because it took 10 ten years for the Bitcoin ETF to get approved.

The delays seem to be because of the SEC’s uncertain take on Ethereum being a commodity or Security. ETH ETF approval chances are comparatively lower than Bitcoin ETF.

The SEC has stated multiple times that Bitcoin is a commodity, not a security. This kind of clarification never came forward in the case of Ethereum. The SEC Chair, Gary Gensler, has given vague answers on Ethereum’s status as Security.

What’s certain is that Ethereum ETF will happen, probably after a few months. World leaders like Ben Weiss, CEO of CoinFlip, and  Ryan Lee, the chief analyst of Bitgetrt Research, have speculated the spot ETH ETFs are high.

Companies like Blackrock and Grayscale have already applied for Spot ETH ETF. Blackrock, the asset management company, has applied for Spot Ethereum ETF together with the Bitcoin ETF. They officially filed with Nasdaq to get their ETH spot ETF.

Blackrock’s SEC ETF history reveals that the SEC has approved the majority of its filled Spot ETFs. The company’s approval record is 575-1. It is one of the factors the Ethereum community is considering in ETH ETF approval.

Despite Ethereum ETF being on hold, the price of Ethereum is rising. Ethereum is continuously bullish through this month and is currently trading at $2932.55 with a trading volume of $15,638,161,033.

Conclusion

Bitcoin ETF’s successful launch has increased the expectations for the ETH ETF, and people are patiently waiting for the SEC’s approval. The Ethereum ETF date is not out but it might happen in May. In addition, the majority of investors and analysts have indicated that this will happen before 2024 ends.