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One of the recently expected problems of the Crypto currency market is to allow the current Ethereum Spot ETF to be allowed. Companies have begun applying at the US Securities and Stock Exchange Commission (SEC). Now, the SEC decision is expected.
If the SEC, as the market is expected, allows the Ethereum Spot ETF to be used in ETF, passive income can be obtained by ETH assets in ETFs. This will also transform the ETF into the ETH price as well as the funds that provide a refund. Launching approval is expected to make Ethereum ETF more attractive for large corporate investors such as pension funds and asset management companies.
Current data shows that stinging in Ethereum provides 3 to 5 percent of the annual withdrawal based on ETH. If it is taken into account that the current spot ETF has a $ 10 billion ETH presence, and all assets have been decorated, it means that an inactive return of $ 300 to 500 million annually Is
For this reason, it is thought that the demand for sting in the ETF will increase demand and pave the way for further investment. It is expected to withdraw the ETH price. Another advantage of allowing stinging is the reduction in the number of ETHS which will be locked up.
For a stinging permit, only CBOE Exchange applied for 21 shares Ethereum ETF. Giants such as Blackrock and Loyalty have not yet been activated. If they come to the game, expectations will be strengthened.
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