Could Ethereum Benefit from Bitcoin ETF Boost in 2022?

Ethereum secrets
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Bitcoin is a cryptocurrency that started in 2009. Since then, it has exponentially increased in popularity and value. It’s currently the most valuable, traded and stable Crypto in the Crypto markets. Many investors are referring to Bitcoin as the digital Gold.

Bitcoin has ETFs. ETFs are Exchange Traded Funds that track and mimic the prices of Bitcoin in the traditional exchange markets, e.g. New York Stock Exchange. This allows traders and investors to buy and sell bitcoins on the traditional markets exchange platforms. Trailing behind Bitcoin is Ethereum, which is the second most popular and valuable Cryptocurrency.

SEC Allows Bitcoin- Linked ETFs

Many fund managers have been applying to launch Bitcoin EFTs in the Crypto markets, but the Security and Exchange Commission (SEC) has been declining their request. However, in October 2021, the SEC finally allowed listing the bitcoin linked ETFs in the American financial markets. This means that we should be expecting the Bitcoin ETFs to be trading in the New York Exchange Markets this month. Nasdaq has already approved the Bitcoin ETFs in their platform.

This Bitcoin ETFs news caused the prices of bitcoin to soar, moving closer to it’s all time high of $64,895

Ethereum Prices Go Bullish After the Bitcoin ETFs Boost

Ethereum prices have been rising after the Bitcoin ETFs boost as many traders and investors anticipate that the SEC will approve the Ethereum linked ETFs by the end of 2022. At the time of the writing, Ethereum is trading at $4,153.64, a 4.6% rise. This bullish rally began immediately after the confirmation of the Bitcoin ETFs. The prices are expected to triple by the end of 2022 if the SEC allows the Ethereum ETFs to launch.

Ethereum and Bitcoin ETFs

Bitcoin ETFs Boosts the Ethereum ETFs launch in 2022?

Many cryptocurrencies have been showing very great potential and stability. Therefore,

American Regulators are more willing to allow Crypto ETFs and funds into the American financial markets. As Bitcoin linked ETFs, many investors are confident that Ethereum linked ETFs are the next in line. Adam Farthing, a chief risk officer at B2C2, a crypto trading firm said that after the announcement of Bitcoin ETFs, many whales are buying Ethereum in large quantities. This has caused the price of the digital coin to increase. According to Farthing, the prices of Ethereum might move to an all time high of $15000 by the end of 2021 as the anticipation of Ethereum linked ETFs increases.

Future of Bitcoin and Ethereum Linked ETFs

The Bitcoin linked ETFs attracted investments of more than $ 1 billion in the ProShares Bitcoin Strategy fund. Proshare is the company that was tasked to run the Bitcoin Linked ETFs. If SEC makes the same decision about Ethereum, Ethereum will get more investments.

This would allow these Crypto linked ETFs to be in many traditional investments and trading platforms, thus making cryptos widely accepted. ETFs would make people easily access these cryptos using leverage. Also, buying Bitcoin or Ethereum as ETFs would be so easy. You will not need wallets or crypto exchange platforms since the ETFs will trade in major market exchanges like NYSE and Nasdaq.