{"id":15465,"date":"2024-07-23T17:33:41","date_gmt":"2024-07-23T14:33:41","guid":{"rendered":"https:\/\/forklog.com\/en\/market-reaction-to-eth-etf-launch-deemed-muted-by-analysts\/"},"modified":"2024-07-23T17:33:41","modified_gmt":"2024-07-23T14:33:41","slug":"market-reaction-to-eth-etf-launch-deemed-muted-by-analysts","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/market-reaction-to-eth-etf-launch-deemed-muted-by-analysts\/","title":{"rendered":"Market Reaction to ETH-ETF Launch Deemed &#8216;Muted&#8217; by Analysts"},"content":{"rendered":"<p>The approval of spot Ethereum-ETFs has had a &#8220;muted&#8221; impact on the market, as investors anticipated a &#8220;buy the rumor, sell the news&#8221; scenario, according to <a href=\"https:\/\/t.me\/QCPbroadcast\/1278\">analysts at QCP Capital<\/a>.<\/p>\n<p>Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later.<\/p>\n<p>QCP Capital highlighted the recent movement of 42,587 BTC (~$2.85 billion) by the Mt.Gox exchange, as well as the transfer of 58.74 BTC (~$3.96 million) to Coinbase Prime from a U.S. government address.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Since spot ETH-ETFs likely did not influence prices from the outset, combined with potential pressure from U.S. authorities and Mt.Gox, quotes may remain low until the election momentum picks up,&#8221; the analysts noted.\u00a0<\/p>\n<\/blockquote>\n<p>While spot prices remain low, the options market presents a different picture. According to QCP Capital, implied volatility on July 26 increased by 8%, while the risk-reward ratio decreased by 3%. This indicates investor caution and a possible correction.<\/p>\n<p>Bloomberg analyst Eric Balchunas stated that Ethereum-ETF will still benefit the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Regardless of your feelings about ether or crypto, this kind of first class TradFi treatment (translating benefits into Boomer-ese and and delivering it in the most preferred inv vehicle on Planet (the ETF) is a major deal. These issuers have over $15T in collective aum. <a href=\"https:\/\/t.co\/uXR1AL1BxX\">pic.twitter.com\/uXR1AL1BxX<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1815526288624681162?ref_src=twsrc%5Etfw\">July 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Regardless of your attitude towards ETH or cryptocurrency, such a first-class approach to <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span>. [\u2026] The issuers [of spot funds based on the second-largest cryptocurrency by market cap] have over $15 trillion in collective assets under management,&#8221; he emphasized.<\/p>\n<\/blockquote>\n<p>Previously, Standard Chartered&#8217;s Head of Research Geoffrey Kendrick <a href=\"https:\/\/u1f987.com\/en\/news\/standard-chartered-identifies-etf-contenders-for-2025\">suggested a new phase for exchange-traded funds in 2025<\/a>. In his view, SOL and XRP are next in line.<\/p>\n<p>On July 8, Cboe BZX filed form 19b-4 for 21Shares Core Solana ETF and VanEck Solana Trust. According to Balchunas, the instrument could appear in mid-March 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The approval of spot Ethereum-ETFs has had a &#8220;muted&#8221; impact on the market, as investors anticipated a &#8220;buy the rumor, sell the news&#8221; scenario, according to analysts at QCP Capital. Experts noted that after the launch of similar Bitcoin-based products, its price fell from $46,000 to $38,000, but reached record highs two months later. QCP [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,46,1145,1326],"class_list":["post-15465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-ethereum","tag-market-analysis","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15465"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15464"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}