How To Trade The Ethereum ETF Approval? 'Lot Of Room To Surprise To The Upside,' Trader Points Out
Portfolio Pulse from Khyathi Dalal
The article discusses the potential approval of an Ethereum (ETH) ETF and its implications. Crypto trader Evanss6 highlights known factors such as the likelihood of approval and Grayscale's significant Ethereum holdings. Unknown factors include the exact timeline for the ETF launch and macroeconomic conditions. The trader draws parallels to the Bitcoin ETF approval process and suggests that conservative expectations for Ethereum ETF inflows could lead to positive surprises.
May 22, 2024 | 2:09 pm
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Grayscale's Ethereum Trust (ETHE) holds close to 3 million ETH, which is 2.5% of the float. The potential approval of an Ethereum ETF could allow trapped investors to exit without a discount to net asset value.
The approval of an Ethereum ETF could provide a new exit strategy for investors in Grayscale's ETHE, potentially leading to a positive impact on its price.
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