Ether News

Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.

It was about one year ago when regulators first approved a leveraged bitcoin ETF.

Standard Chartered analyst Geoffrey Kendric said that those exchange-traded funds (ETFs) could be on the horizon in 2025.

The protocol now has $5.4 billion in total value locked (TVL).

One trader said ether’s sell-off on positive news is typical “buy the rumors, sell the facts” behavior.

The Commission on Thursday approved 19b-4 forms filed by national securities exchanges.

Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.

SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be.

Traders will not want to be short ETH while going through an ETF approval, one observer said.

Some traders expect ether prices to reach as high as $4,000 in the coming days, with odds of an ether ETF approval raised to 75%.