Analyst: Ethereum ETF launch delay may help Ethereum price rise

Although the U.S. Securities and Exchange Commission (SEC) has approved eight Ethereum ETFs, including BlackRock and Fidelity, these Ethereum ETFs may take weeks or months to officially trade, unlike Bitcoin ETFs, which were launched on the day of approval. In this regard, several industry analysts said that the delay in the launch of ETFs may actually be conducive to the rise in Ethereum prices. Simon Peters, an analyst at eToro, pointed out that savvy cryptocurrency investors can now buy Ethereum in advance in order to profit when the ETF is officially traded and billions of dollars of funds potentially flow in. Brian Rudick, an analyst at GSR Research, also believes that the delay in the launch of ETFs is good news to a certain extent, because the previous unexpected approval by the SEC caught most people off guard, and the current delay gives the market time to brew expectations, which will help increase the inflow of funds in the early stage of the ETF launch, thereby driving up ETH prices. (TheBlock)