Ether ETF – Nansen Analyst Can Fast Track Trump’s Win
Donald Trump's victory in the US presidential election on November 5 could pave the way for a variety of cryptocurrency financial products – especially for the world's second largest cryptocurrency, Ether.
Trump won the presidential election on November 5, which is seen as a net positive for crypto regulations over the next four years.
According to Nansen analyst Edward Wilson, the Trump administration is likely to welcome more innovation in the crypto industry.
The analyst told Cointelegraph:
“With the regulatory environment likely to be pro-crypto, we could see an ETH ETF approved at the start of this new administration, which fully utilizes the benefits of ETH as an asset. If that happens, ETH will be an interesting asset to watch. Put differently, ETH is good again.”
More Ether-based ETFs could help Ether's price rise above its previous high of $4,800, set on November 16, 2021, three years ago.
ETH/USD, all time chart. Source: Cointelegraph
When the price rises above $50,000 in February 2024, a month after it starts trading in the United States, it accounts for 75 percent of the ETF's revenue for Bitcoin (BTC) in the world's first kriptovalyutnogo.
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Europe may first lead the US on ether-staking-related ETFs.
The European market may be the first to see the introduction of an Ether staking-linked ETF.
Speaking exclusively to Cointelegraph at EthCC, dYdX Foundation CEO Charles D. House said the Ether staking ETF would be a major industry milestone. And so he said.
“The United States may not be ready for that, but the European market or some nearby market will give us a way to invest in Ethereum ETFs.”
D'Haussy said he is bullish on the next Ether ETF, which could be an Ether staking ETF or a staked Ether ETF, which could have different implications. He explained.
Charles d'Haussy, dYdX CEO, interview with Zoltan Varday. Source: Cointelegraph
However, some investors were disappointed with the performance of the US spot ether ETF, which recorded cumulative net outflows of more than $489 million, according to data from Farside Investors.
Ether ETF flows, USD, million. Source: Farside Investors
Even before the Ether ETFs space was launched, stagnant income streams were predicted by some analysts. In particular, Eric Balchunas, a senior ETF analyst at Bloomberg, previously told Cointelegraph that the Ether ETF could be a “sidekick” to the more established Bitcoin ETFs in terms of income.
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