Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Ethereum ETF Could Soon Follow Spot Bitcoin Fund Approval
TRADING NEWS

Ethereum ETF Could Soon Follow Spot Bitcoin Fund Approval

By Crypto FlexsJanuary 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum ETF Could Soon Follow Spot Bitcoin Fund Approval
Share
Facebook Twitter LinkedIn Pinterest Email

With spot Bitcoin exchange-traded funds currently dominating the cryptocurrency narrative and market sentiment, Ethereum is lagging behind. However, if BTC funds are approved, these stories could soon turn into the world’s second largest digital asset.

The cryptocurrency market hit a 21-month high with a total market capitalization of $1.8 trillion, driven by spot Bitcoin ETF hype. As expected, Bitcoin is leading, with some altcoins hitting double digits, but not Ethereum.

Ethereum is vastly undervalued

January 9 Cryptocurrency investor ‘DC Investor’ said His 235,000 X followers said Ethereum “will perform better and retain more value than most assets after this cycle.”

“IMO it’s massively undervalued right now.”

This argument stems from the premise that Ethereum will be the next logical asset for spot ETPs after the Bitcoin ETF is approved and attracts billions of dollars in inflows.

that Added Ethereum already has a futures-based ETF, so spot funds will likely be approved in the US next.

“It (ETH) becomes the ‘silver to Bitcoin gold’, stronger and faster moving in a cryptocurrency bull market.”

Read more: How to Buy Ethereum (ETH) and Everything You Need to Know

Cryptocurrency YouTuber ‘Crypto Rover’ echoed How he feels about his 635,000 “The Ethereum spot ETF is going to be the next big story,” he added.

“Once the Bitcoin spot ETF is approved, things will stabilize and the next hype will shift to ETH.”

The analyst said there is currently little interest in Ethereum due to the Solana pump. SOL price is up 360% over the past 90 days, while underperforming ETH has only managed 48% over the same period.

Cryptocurrency trader ‘Ramenpanda’ also said the same thing and said that funds would soon flow into the Ethereum ecosystem. The Ethereum ETF will come after the Bitcoin ETF is approved. Added.

Last week, Bloomberg ETF analyst James Seyffart said the SEC approved Ethereum futures and the CFTC classified ETH as a commodity. “I think a potential Ethereum ETF could be approved this year as well,” the analyst said.

ETH price outlook

Ethereum price rose 3.6% on the day, trading just above $2,300 at the time of writing.

However, the asset has been stuck in a range since early December, hovering between $2,150 and $2,400.

ETH/USD 1 month. Source: BeInCrypto

Meanwhile, alternative layer 1 tokens like SOL and AVAX pumped 13% and 11% respectively on the day.

Other altcoins outperforming ETH today include Cardano (ADA), Polkadot (DOT), Polygon (MATIC), and Internet Computer (ICP).

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How Algorand is quietly building the future of finance around the world

June 5, 2025

Lightchain AI rises to leading picks, and Litecoin is interested in legacy as interest is reduced.

June 5, 2025

Ripple Stablecoin RLUSD gets a green line to use in Dubai Difc.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025
Most Popular

What other cryptocurrency companies could list this year?

January 13, 2024

ZKCANDY SUPERCHARGES Web3 Mobile Game L2 Mainnet Launched

April 8, 2025

Changelog: Version 1.90 – Bitfinex Blog

February 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.