ANALYSIS: Delay in Ether ETF Launch May Favor Ether Price Rise

Although the U.S. Securities and Exchange Commission (SEC) has approved eight ETFs for ethereum, including BlackRock and Fidelity, it could be weeks or months before these ethereum ETFs are officially traded, unlike bitcoin ETFs, which go live on the day of approval. In response, several industry analysts have suggested that the delay in launching the ETFs could be beneficial to the price of ethereum instead. eToro analyst Simon Peters noted that savvy cryptocurrency investors can now get a head start on buying ethereum to take advantage of the potential influx of billions of dollars in ETFs as they become officially traded. GSR Research analyst Brian Rudick agrees that the delay in the launch of the ETF is somewhat good news, as the surprise SEC approval caught most people off guard, and the delay now gives the market time to build up anticipation, which will help boost inflows in the early days of the ETF's launch, and thus drive ETH prices higher.