US Spot Ethereum ETF To Record $500M Influx Post SEC Approval

Rupam Roy
May 23, 2024 Updated August 11, 2025
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Highlights

  • Institutional investors are poised to inject $500 million into Ethereum ETFs after SEC approval.
  • OKX emphasizes the significance of Ethereum trading under a traditional framework to attract institutions.
  • Analysts predict Ethereum's price could surge to $6,600 following ETF approval.

The anticipation surrounding the potential approval of a Spot Ethereum ETF by the U.S. SEC has taken the crypto market by storm in recent daysNotably, Ethereum’s price has surged past $3,900, reflecting the market’s optimism. Amid this, market experts predict a massive influx of institutional investments into Ethereum ETFs, potentially reaching $500 million in the first week post-approval.

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Institutional Investment To Put $500M Into Ethereum ETFs

Institutional investors are reportedly ready to inject $500 million into US Spot Ethereum ETFs upon SEC approval. According to a report from DL News, this prediction comes from OKX, a leading crypto exchange, which highlighted the importance of this potential approval. 

The report said that Lennix Lai, OKX’s global chief commercial officer, emphasized the significance of Ethereum trading under a traditional framework. Considering that, he believes that it could trigger the next wave of institutional demand.

Meanwhile, the SEC’s recent moves suggest a softening stance towards Ethereum ETFs, raising hopes for approval. Ethereum has seen significant gains this week, with major financial institutions like BlackRock, Invesco Galaxy, Fidelity, and Franklin Templeton eagerly awaiting the SEC’s decision. Notably, VanEck, positioned first in line, anticipates a fair decision process, expecting any approval to extend to other applicants to maintain regulatory neutrality.

Also Read: Coinbase Unveil New Cryptos On Perpetual Market, Price Rally Ahead?

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What’s Next?

The approval of U.S. Bitcoin ETFs in January sparked a massive rally in the crypto market, with trading volumes exceeding $1.5 billion. Analysts expect a similar response for Ethereum ETFs. Bernstein analysts predict that Ether’s price could surge to $6,600 following ETF approval. 

On the other hand, Jean-Baptiste Graftieaux, CEO of Bitstamp, noted that an Ethereum ETF would be a significant milestone. In addition, it would make it easy and cheaper for retail traders to gain exposure to Ethereum, as compared to Bitcoin ETFs.

Meanwhile, amid this, QCP Capital, in a recent report, echoed the bullish sentiment, predicting that Ethereum’s price could exceed $6,000 post-ETF approval. Meanwhile, according to a recent report, the SEC has initiated discussions over the S-1 Registration filings from key ETF issuers, indicating progress toward a decision.

As of writing, the Ethereum price was up 5.41% and exchanged hands at $3,882.80, after touching a 24-hour high of $3,943.55 recently. The second-largest crypto by market cap added over 20% over the last 30 days while noting a weekly gain of nearly 30%.

Also Read: Toncoin Price Soars 3% Amid Telegram’s New Currency Announcement, Here’s All

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.