$Bitcoin (BTC.CC)$After six months of the launch of the spot ETF, the second largest cryptocurrency after bitcoin.$Ethereum (ETH.CC)$Also ushered in a spot ETF.

According to reports, the U.S. Securities and Exchange Commission has notified eight companies that have applied for the first batch of ETFs linked to ether prices, and their products will start trading on Tuesday. This means that the U.S. regulatory agency has finally approved ether spot ETFs, allowing Americans to trade ether through ETF tools.

The first batch of ETF issuers that directly invest in ether includes: 21Shares, Bitwise Asset Management, BlackRock, Franklin Templeton, Fidelity Investments, VanEck, and Invesco. Currently, the ether ETF products of these eight companies will begin trading on three different exchanges on Tuesday morning US Eastern Time.

Looking back at the beginning of this year, bitcoin spot ETFs were approved, coupled with expectations of interest rate cuts and halving events, and Bitcoin has ushered in a strong rally. Since the approval of bitcoin spot ETFs, the highest increase of Bitcoin has exceeded 56%, and at the same time, Ether has also followed suit, with a cumulative increase of up to 54%.

Currently, with the official approval of Ethereum Spot ETF, many investors are looking forward to the arrival of the second wave of bull market in the cryptocurrency world.

What is the price trend of Ether?

The approval and release of the Ether spot ETF heralds the arrival of the era in which cryptocurrencies are integrated into the mainstream.

Market observations believe that the approval of the Ether ETF will obviously bring a large amount of new funds inflow into the Ether market.

In January this year, the spot Bitcoin ETF was approved and started trading. In terms of the speed of capital inflow, it was the most successful ETF product in history: it attracted tens of billions of dollars of capital inflows in just two months and pushed the price of this largest cryptocurrency to a new historical high.

Some analysts predict that although the fund capital inflow of the Ether spot ETF may not be as high as that of the Bitcoin ETF, it may still push the price of Ether up to $6,500.

Research company Steno Research predicts that the newly launched ETF may have a capital inflow of $15 to $20 billion in the first year, which is roughly the same as the inflow scale of the Bitcoin spot ETF in the first 7 months after its launch. The company's report states that...

However, according to The Block report, derivatives market participants expect that the volatility of Ether will be high this week, as the spot Ether ETF will begin trading on Tuesday. An analyst predicts that on the day of the launch of the Ether spot ETF, Ether may face selling pressure and then gradually rise in price.

According to Deribit's data, the implied volatility of Ether options has risen from 56% to 70% in the past week, and the ratio of put options to call options has soared to 1.45. This indicates that compared to call options, there are more put options, implying that traders expect an immediate decline, or they are seeking to hedge against the risk of price decline.

In the long run, Fournier predicted that due to the growing demand for spot exchange-traded funds, the price of Ether will fall to between $2,800 and $3,100, and then rebound to around $4,000.

Market awaits Trump's speech at cryptocurrency conference

New data from CoinShares shows that with the rise in cryptocurrency prices to the highest level in more than a month, funds continue to flow into the field. The data also shows that overall cryptocurrency investment products received capital inflows for the third consecutive week, of which Ether products received capital inflows of $45 million last week, and capital inflows of $72 million the previous week.

Recently, the biggest contributor behind the big rebound in the cryptocurrency market is -- Trump. The market is very optimistic about Trump's potential election victory and believes that he will create a more favourable regulatory environment for cryptocurrencies.

Looking ahead to this week, on Sunday, July 28, at 3:00 am Beijing time, Trump will deliver a 30-minute speech at the 2024 Bitcoin Conference. The conference is the world's largest Bitcoin conference. Some media reports suggest that Trump may propose to make Bitcoin a strategic reserve asset at this week's Bitcoin conference.

According to the ZeroCap cryptocurrency market report, it is expected that Bitcoin will benefit from the 'Trump transaction' in the next 105 days before the November election, and this digital asset and some stocks may be boosted by the expectation of Trump's victory.

According to the ZeroCap Cryptocurrency Market report, it is expected that bitcoin will benefit from the 'Trump trade' in the next 105 days before the November election. These digital assets and some stocks may be boosted by expectations of Trump's victory.

However, the virtual currency market is highly risky and occasionally experiences volatile fluctuations. Investment needs to be cautious.

Mooers,

Do you bullish on the future development of cryptocurrencies?

Feel free to leave your thoughts in the comments section~

Editor/Somer