HomeEthereumOne in Four US Voters Considering Investing in Ethereum ETFs

One in Four US Voters Considering Investing in Ethereum ETFs

-


Survey Indicates SEC Approval of Ethereum ETF Would Boost American Investment

The potential approval of a spot Ethereum (ETH) exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) could have a significant impact on American investment in the digital asset, according to a recent survey conducted by Grayscale and The Harris Poll.

The survey indicates that nearly one in four likely voters would consider investing in Ethereum if an ETF-based product were approved. This approval would not only increase their interest in Ethereum but also in other crypto assets beyond Bitcoin.

Experts in the market are also optimistic about the potential success of Ethereum ETFs. Quinn Thompson, founder of Leker Capital, highlighted that the ETH ETF could serve as a proxy for traditional investors looking to gain exposure to blockchain and crypto beyond digital gold.

Market analysts anticipate significant investment inflows once trading begins, with estimates ranging from $1 billion to $15 billion in monthly inflows within the first 18 months. However, despite the potential for high success, 25% of respondents in the Grayscale survey stated that ETF approval would not influence their investment interest.

The survey also revealed that a considerable portion of the population remains unfamiliar with spot Ethereum ETFs, with around 43% of US voters unaware of them. Nevertheless, crypto has become an increasingly important subject for American voters, with a third of likely voters becoming more open to crypto since the beginning of the year.

Overall, the potential approval of an Ethereum ETF could drive mainstream adoption of crypto assets in the US and lead to significant investment inflows in the market.

LATEST POSTS

Bitwave Successfully Integrates with Stellar Blockchain, Enhancing Accounting Efficiency and Streamlining Finance Reporting for Businesses

Bitwave Integration with Stellar Blockchain: Fulfillment of Activation Award Grant Requirements Bitwave Completes Integration with Stellar Blockchain, Fulfilling Grant Requirements SAN FRANCISCO, June 20, 2024 (GLOBE...

Bitcoin price could see a rebound within the next 10 days due to increased Fed liquidity

Bitcoin Price Upside Expected in 10 Days Based on U.S. Macro Conditions Bitcoin may be on the verge of a price surge in the coming...

Why Ethereum (ETH) price is not rallying despite positive news – Find out the reasons

Ethereum Price Analysis: Lack of Institutional Demand and Regulatory Uncertainty Keep ETH Below $3,600 Ether (ETH) Struggles to Regain Momentum Despite Positive Developments Ether (ETH) has...

Kraken Crypto Exchange Suffers $3 Million Theft Due to Zero-Day Flaw Exploitation

Kraken Crypto Exchange Hit by $3 Million Zero-Day Flaw Exploitation Kraken, a popular crypto exchange, recently fell victim to a cyber attack that saw an...

Most Popular