ETH ETF Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/eth-etf/ The Latest UK Bitcoin and Crypto News Wed, 31 Jan 2024 11:59:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.bitcointimes.co.uk/wp-content/uploads/2023/02/cropped-Bitcoin-Fav-Logo-32x32.png ETH ETF Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/eth-etf/ 32 32 Impact of Expected Ether ETF Approval on UK Crypto Market https://www.bitcointimes.co.uk/news/business/impact-of-expected-ether-etf-approval-on-uk-crypto-market/ https://www.bitcointimes.co.uk/news/business/impact-of-expected-ether-etf-approval-on-uk-crypto-market/#respond Wed, 31 Jan 2024 11:59:25 +0000 https://www.bitcointimes.co.uk/uncategorized/impact-of-expected-ether-etf-approval-on-uk-crypto-market/ The UK crypto market is set for a potential shake-up as U.S. regulators approach the likely approval of Ethereum (ETH) exchange-traded funds (ETFs). Standard Chartered Bank predicts a near 70% rise in ETH prices to $4,000 by May, and expects the UK market to be impacted by this significant development. ETH vs. BTC in UK [...]

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]]> The UK crypto market is set for a potential shake-up as U.S. regulators approach the likely approval of Ethereum (ETH) exchange-traded funds (ETFs). Standard Chartered Bank predicts a near 70% rise in ETH prices to $4,000 by May, and expects the UK market to be impacted by this significant development.


ETH vs. BTC in UK Crypto Portfolios

The report emphasizes the anticipated regulatory approval as a turning point that could position ETH to outperform Bitcoin (BTC) in the lead-up to May 23. Market observers point to potential selling pressure on Bitcoin following ETF approval, making it crucial for UK investors to monitor the impact on their crypto portfolios.


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UK market expects potential impact from the approval of Ethereum exchange-traded funds.
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New Opportunities in UK Crypto Market

Furthermore, the report suggests that the UK crypto market may experience a shift in investor sentiment, as the approval of ETH-based ETFs could open up new opportunities and reshape the composition of crypto holdings in investment portfolios.


Read more here at https://www.coindesk.com/markets/2024/01/30/ether-could-hit-4000-with-likely-spot-eth-etf-approval-in-may-standard-chartered/

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