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The recent approval of ETF Spot Bitcoin has led several enthusiasts and analysts to make predictions about a possible ETF Spot Ethereum.
The approval of Spot Bitcoin ETFs was a important step for the sectoroffering the opportunity for traditional investors to focus on cryptocurrencies, bringing in new capital and improving market stability
Additionally, BTC ETFs provide regulatory clarity and safetymaking BTC investments safer, while increasing the reliability of the asset.
What is an Ethereum ETF?
The ETF Ethereum they allow investors to gain exposure to the value of Ethereum through traditional finance methods.
ETFs provide a regulated way to invest in ETHwithout the need to directly hold the cryptocurrency on a digital wallet or on an exchange.
Grayscale Investments offre il Grayscale Ethereum Trustallowing you to invest in ETH without the complexities of purchasing and storing the digital asset.
The difference between the Grayscale Ethereum Trust and a potential ETF Spot Ethereum lies in their structure and trading method.
The Grayscale Ethereum Trust allows investors to purchase shares representing ownership of Ethereum through private placements and over-the-counter trading.
On the other hand, a ETF Spot Ethereum would be traded on traditional exchanges like other ETFs, providing investors greater liquidity and trading opportunities during market hours.
Will Ethereum ETFs be approved?
According to the co-founder and CEO of CoinFlip, Ben Weissthe approval of Ethereum ETFs is very likelyespecially after the one for Bitcoin ETFs, dating back to last January.
“However, getting to approval it will not be easy, considering that the first Bitcoin ETF was applied for more than 10 years ago. That said, reputable firms such as Blackrock and Grayscale have already applied for Ethereum ETFs and are eagerly awaiting the green light.”
Even second Ryan Leechief analyst at Bitget Research, the chances of approval of Ethereum ETFs are very high.
In the last seven days, Ethereum has recorded a growth of 12%, reaching a value of $2,963.
As happened with Bitcoin, Spot Ethereum ETFs could generate a major rally for the cryptocurrency and further open the digital asset market to traditional finance.
Meanwhile, Ethereum remains the most used blockchain for the creation of new tokens, followed by Solana. Among the new tokens based on Ethereum, we find Scotty The AI.
Scotty The AI
Scotty The AI combines the typical humor of same corner with one utility token which will serve to strengthen the AI services provided by the project. The project features a space-age Scottish Terrier, a symbol of loyalty and security.
At the moment, two different services have been presented on the official website: Scotty Swap e Scotty Chat.
The first is a blockchain analysis tool which uses artificial intelligence to find security holes and allow programmers to intervene.
AI can analyze huge amounts of data, blocks and hashes on the blockchain, to speed up work and make its operation smooth and seamless.
Scotty Chat is an IA chatbot is similar to Google’s ChatGPT or Bardwith an artificial intelligence model capable of giving advice to traders on the cryptocurrency market.
Both services are based on the native SCOTTY token, sold in presale at $0.0053. To purchase and stake it you need to use ETH, USDT or credit card, connecting your digital wallet to the project’s official website.
The presale collected more than $500,000 a few days after launch, reaching the fourth phase. We remind you that the SCOTTY token will increase in value at the end of each pre-sale phase, until the expected listing on DEX and CEX.
*This item has been paid for. Cryptonomist did not write the article or test the platform.
Source: https://cryptonomist.ch/2024/02/20/previsioni-ethereum-approvazione-etf-spot-eth/
