BLK - What Would Ethereum ETF Approval Mean For The Price Of ETH? | Benzinga
As the financial world closely watches the developments around the Ethereum (CRYPTO: ETH) Exchange-Traded Fund (ETF), market participants are gearing up for significant price movements.
What Happened: According to QCP Asia’s report on May 23, the impending ETH ETF decision has created a buzz, with implied volatility for Friday exceeding 100%, indicating that the market is bracing for substantial fluctuations.
Key players such as BlackRock Inc. (NYSE:BLK) and five other issuers have recently amended their ETF filings with the Securities and Exchange Commission (SEC), and VanEck's ETF has already been listed by the Depository Trust & Clearing Corporation (DTCC).
This has led analysts to believe that an approval is highly likely, with trading expected to commence as early as next week.
Marko Jurina, CEO of Jumper.Exchange, said, "If the BTC ETF approval was any indication, we could see a similar 60% rally from here."
QCP Asia’s trade idea further supports this optimistic outlook.
The likelihood of ETH ETF approval under SEC Chair Gary Gensler‘s tenure appears strong.
Both Jurina and James Davies, co-founder and CPO at Crypto Valley Exchange, note that recent regulatory developments, such as minor requested changes to 19b-4 ...