{"id":545704,"date":"2023-08-03T23:00:00","date_gmt":"2023-08-03T23:00:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=545704"},"modified":"2023-08-03T15:33:33","modified_gmt":"2023-08-03T15:33:33","slug":"ethereum-could-break-above-2000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-could-break-above-2000\/","title":{"rendered":"Ethereum Price Could Break Above $2,000 If This Happens"},"content":{"rendered":"

Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC).<\/p>\n

When Will An Ethereum ETF Be Approved?<\/h2>\n

The topic of Ethereum futures ETFs has become hotter especially after Bitcoin futures ETFs received multiple approvals from the SEC since 2021. However, even two years after the first Bitcoin futures ETF was approved, the regulator is still yet to approve an Ethereum futures ETF.<\/p>\n

Related Reading: Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\u2019s Halving<\/a><\/div>\n

Despite this, investment firms have remained undeterred as they have continued to file for Ethereum futures ETFs. As reported by NewsBTC<\/a>, there are now a total of six ETH futures ETF filings with the SEC after Grayscale refiled its application with the regulator. In addition to Grayscale, VanEck, ProShares, Volatility Shares, Bitwise, and Roundhill all have pending applications with the commission.<\/p>\n

With so many interested applications, there is now mounting pressure on the SEC to approve the first Ethereum futures ETF<\/a> to trade in the country. And according to people familiar with the matter, it may not be much longer until the first ETF is approved for trading.<\/p>\n

The reason behind this is the fact that the regulator had previously asked interested parties to halt activities regarding applying for ETH ETFs. However, with the re-filings and new filings, it signals that the SEC may finally be ready to review the applications and consider them.<\/p>\n

\"Ethereum<\/p>\n

ETH price still holding above $1,800 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n

What Happens When An ETF Gets Approved?<\/h2>\n

The anticipation around a possible approval for an Ethereum futures ETF is mostly the implications of such an occurrence. Like in 2021 when the first Bitcoin futures ETF was approved in October, the price of BTC surged drastically, reaching a new all-time high price just a month later.<\/p>\n

Related Reading: Bitcoin Investor Sentiment Flips Toward Greed Despite Fall Below $29,000<\/a><\/div>\n

ETFs are an instrument that helps to bring more volume to an asset and if an ETH ETF gets approved, the price of ETH is expected to rally. This would be the result of a combination of the new volume and interest, as well as the euphoria that comes with it. An ETF approval would likely push the price of ETH above $2,000 and could trigger another bull rally for the coin.<\/p>\n

Currently, all eyes are on October 16, 2023<\/a>, when one new filing and four re-filings for Ethereum futures ETFs become active.<\/p>\n

Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. Some of the most notable things that have been going on for the cryptocurrency include the multiple exchange-traded funds (ETFs) filings that have been made to the United States Securities and Exchange Commission (SEC). When Will An Ethereum ETF Be Approved? The topic of Ethereum futures ETFs has become hotter especially after Bitcoin futures ETFs received multiple approvals from the SEC since 2021. However, even two years after the first Bitcoin futures ETF was approved, the regulator is still yet to approve an Ethereum futures ETF. Related Reading: Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday\u2019s Halving Despite this, investment firms have remained undeterred as they have continued to file for Ethereum futures ETFs. As reported by NewsBTC, there are now a total of six ETH futures ETF filings with the SEC after Grayscale refiled its application with the regulator. In addition to Grayscale, VanEck, ProShares, Volatility Shares, Bitwise, and Roundhill all have pending applications with the commission. With so many interested applications, there is now mounting pressure on the SEC to approve the first Ethereum futures ETF to trade in the country. And according to people familiar with the matter, it may not be much longer until the first ETF is approved for trading. The reason behind this is the fact that the regulator had previously asked interested parties to halt activities regarding applying for ETH ETFs. However, with the re-filings and new filings, it signals that the SEC may finally be ready to review the applications and consider them. ETH price still holding above $1,800 | Source: ETHUSD on Tradingview.com What Happens When An ETF Gets Approved? The anticipation around a possible approval for an Ethereum futures ETF is mostly the implications of such an occurrence. Like in 2021 when the first Bitcoin futures ETF was approved in October, the price of BTC surged drastically, reaching a new all-time high price just a month later. Related Reading: Bitcoin Investor Sentiment Flips Toward Greed Despite Fall Below $29,000 ETFs are an instrument that helps to bring more volume to an asset and if an ETH ETF gets approved, the price of ETH is expected to rally. This would be the result of a combination of the new volume and interest, as well as the euphoria that comes with it. An ETF approval would likely push the price of ETH above $2,000 and could trigger another bull rally for the coin. Currently, all eyes are on October 16, 2023, when one new filing and four re-filings for Ethereum futures ETFs become active. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":545705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8379,8323,16163,1946,84816,89022,8686,78803],"class_list":["post-545704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-etfs","tag-eth","tag-eth-price","tag-ethereum","tag-ethereum-etfs","tag-ethereum-futures-etfs","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Could Break Above $2,000 If This Happens<\/title>\n<meta name=\"description\" content=\"Ethereum price is currently still below $2,000 but this could quickly change if some things were to come to pass. 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Could Break Above $2,000 If This Happens","url":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-could-break-above-2000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/ethereum-could-break-above-2000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-904735154.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-904735154.jpg?fit=1254%2C836"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["etfs","eth","eth price","ethereum","ethereum etfs","ethereum futures etfs","ethusd","ethusdt"],"dateCreated":"2023-08-03T23:00:00Z","datePublished":"2023-08-03T23:00:00Z","dateModified":"2023-08-03T23:00:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Could Break Above $2,000 If This Happens\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-could-break-above-2000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/ethereum-could-break-above-2000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-904735154.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-904735154.jpg?fit=1254%2C836\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"etfs\",\"eth\",\"eth price\",\"ethereum\",\"ethereum etfs\",\"ethereum futures etfs\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2023-08-03T23:00:00Z\",\"datePublished\":\"2023-08-03T23:00:00Z\",\"dateModified\":\"2023-08-03T23:00:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-904735154.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=545704"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/545705"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=545704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=545704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=545704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}