FX168 Financial News (Asia Pacific) News The US Securities Regulatory Commission made a second landmark decision this year, approving the launch of an Ether spot ETF. It may take weeks or months for the ETF to be listed on the exchange because the filer has yet to receive S-1 registration from the US Securities Regulatory Commission, but the passage of the 19B-4 document has set off a favorable market. Wall Street institutions forecast that Ether will rise to 14,000 US dollars in 2025, which is 275% higher than the current peak of 4,000 US dollars.

The US Securities Regulatory Commission approved the 19B-4 documents of BlackRock (BlackRock), Fidelity (Fidelity), Grayscale (Grayscale), Franklin Templeton (Franklin Templeton), VanEck, ARK 21Shares, Invesco Galaxy, and Bitwise, and approved rule changes that allow spot Ether ETFs to be listed and traded on their respective exchanges.

The difference is that the Bitcoin spot ETF was approved by a five-member committee including US Securities Regulatory Commission Chairman Gary Gensler (Gary Gensler), and the Ether spot ETF has been approved by the US Securities Regulatory Commission's trading and marketing department. #现货比特币ETF #

Another major difference in the approval process for these two cryptocurrency spot ETFs is that all 10 Bitcoin spot ETFs began trading the day after approval because they also received Form S-1 approval.

CoinTelegraph reported on Monday (May 27) that it may take weeks or months for an Ether spot ETF to be listed on an exchange because the ETF filer has not yet received an S-1 registration document from the US Securities Regulatory Commission.

Well-known financial blogger ZeroHedge wrote, “As early as the end of March, when the general consensus was that the US Securities Regulatory Commission would not approve an Ether spot ETF, and there was a huge difference between its price and the price of Bitcoin, we had the opposite view.”

“Why? There are a few reasons. Let's first recall that in recent years, due to Ethereum's smart contract characteristics and flexible architecture, Wall Street has traditionally rated Ethereum far higher than the relatively uninteresting Bitcoin. The only role of Bitcoin is to become digital gold.”

“When Goldman Sachs began reporting on the cryptocurrency sector three years ago, it is ironic that Bitcoin is a great asset, and ironically, it will be used as a scarce resource to enable proof-of-of-stake (PoS) systems to replace natural resources. Although Bitcoin may eventually become a novelty, new blockchain platforms like Ethereum will be the foundation for a large trusted information market, just like Amazon today's consumer goods.”

(Source: ZeroHedge)

Not only Goldman Sachs, BlackRock's head Larry Fink (Larry Fink) said he supported an Ether spot ETF soon after the US Securities Regulatory Commission approved Bitcoin. Specifically, he mentioned, “I think having an Ether spot ETF is valuable; these are just a stepping stone towards tokenization; I really believe this is the path we are going to take.”

Standard Chartered Bank analyst Geoffrey Kendrick correctly predicted that the Ether price target for Ether would reach $4,000 in May, and now the target has been reached in March. Just as he sees that Bitcoin has a lot of room to rise, he also sees that Ethereum has even greater potential gains.

According to Kendrick, approval for an Ether spot ETF will always arrive, and the US Securities Regulatory Commission will approve it on May 23. This is the deadline for the first batch of ETFs being considered, which is in line with the US Securities Regulatory Commission's schedule for approving Bitcoin spot ETFs in January 2024: “Although I have noticed that this is now a non-consensus view, I think the process should be the same as the Bitcoin spot ETF, and I don't understand why the US Securities Regulatory Commission is not approving it.”

Two months later, Kendrick's prediction proved true once again, and the US Securities Regulatory Commission unexpectedly acted according to his wishes and approved an Ether spot ETF on May 23.

Kendrick later wrote that for him, the US Securities Regulatory Commission had many key effects on this rapid transformation. Ether is not a security; nor are other Ethereum-like altcoins. In some cases, the core technology is very similar to Ether, and given the status of Ether, it is difficult for the SEC to claim that they are securities, and the cryptocurrency industry now seems to have bipartisan political support.

The next almost immediate impact will be the inflow of Ether Spot ETFs. Starting sometime in June, Kendrick here reiterated his first opinion in March. The inflow for the first 12 months was $15-45 billion, and the value of Ether will reach $8,000 by the end of the year.

(Source: ZeroHedge)

He believes that recent improvements will continue, and he wrote, “Portfolios that include Bitcoin and Ether spot ETFs may be attractive, and the US Securities Regulatory Commission's decision on Ether further confirms the industry. Therefore, both ships should rise, and Bitcoin will reach $150,000 by the end of the year.”

Kendrick finally predicts that by 2025, as actual use cases of Ethereum begin to take shape, the Ethereum/Bitcoin cross exchange rate will rise back to 7%.

He believes that “by the end of 2025, Ether will reach $14,000, and there may be more revenue.”