{"id":630600,"date":"2024-07-19T19:00:40","date_gmt":"2024-07-19T19:00:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=630600"},"modified":"2024-07-19T14:25:16","modified_gmt":"2024-07-19T14:25:16","slug":"derivates-spot-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/derivates-spot-ethereum-etfs\/","title":{"rendered":"ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What\u2019s Going On?"},"content":{"rendered":"

ETH derivatives volume suggests that Ethereum investors have little confidence in the <\/span>Spot Ethereum ETFs<\/span><\/a>, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to <\/span>begin trading next week<\/span><\/a>.\u00a0<\/span><\/p>\n

Ethereum Futures Premium Highlights Little Confidence In ETH\u2019s Price<\/h2>\n

According to <\/span>data<\/span><\/a> from Laevitas, <\/span>Ethereum\u2019s fixed-month contracts<\/span><\/a> annualized premium currently stands at 11%, suggesting that crypto traders aren\u2019t bullish enough on ETH\u2019s price. Further data from Laevitas shows that this indicator has yet to sustain levels above 12% this past month.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500?<\/a><\/div>\n

This is surprising considering that the Spot Ethereum ETFs, which could launch next week, are expected to spark a price surge for Ethereum. Crypto analysts like Linda have predicted that ETH could rise to as high as $4,000 thanks to the inflows these <\/span>Spot Ethereum ETFs<\/span><\/a> could witness.\u00a0<\/span><\/p>\n

However, crypto traders are not convinced that Ethereum’s reaching such heights is likely to happen, at least not soon enough. A plausible explanation for this lack of excessive bullishness is that Ethereum\u2019s price could continue to trade sideways for a while, thanks to the $110 million daily outflows that research firm Kaiko <\/span>projected<\/span><\/a> could flow from Grayscale\u2019s Spot Ethereum ETF.\u00a0<\/span><\/p>\n

Moreover, this seems likely following the <\/span>final S-1 filings<\/span><\/a> by the Spot Ethereum ETF issuers, which showed that Grayscale has the highest fees. The asset manager plans to charge a management fee of 2.50%, while the highest fee among other Spot Ethereum ETF issuers is 0.25%.<\/span><\/p>\n

Grayscale had done something similar with its Spot Bitcoin ETF, setting its <\/span>management fee<\/span><\/a> at 1.5%, while the other Spot Bitcoin ETF issuers had management fees ranging between 0.19% and 0.39%. That move is believed to have been one of the reasons why Grayscale\u2019s Bitcoin ETF witnessed significant outflows following the launch of the Spot Bitcoin ETFs.\u00a0<\/span><\/p>\n

Making A Case For Ethereum\u2019s Inevitable Price Surge<\/h2>\n

Crypto analyst Leon Waidmann<\/span><\/a> has <\/span>made<\/span><\/a> a bullish case for ETH\u2019s price and explained why Ethereum investors should be more bullish. He noted that the discount between Grayscale\u2019s Ethereum Trust (ETHE) and ETH\u2019s price has significantly narrowed since the <\/span>Spot Ethereum ETFs were approved<\/span><\/a> earlier in May.\u00a0<\/span><\/p>\n

Related Reading: Why Did The German Government Sell Off 50,000 Bitcoin In 2 Weeks<\/a><\/div>\n
\"Ethereum\"
Source: X<\/figcaption><\/figure>\n

Waidmann stated that this has given ETHE investors ample time to exit their positions without significant discounts compared to <\/span>Grayscale\u2019s Bitcoin Trust (GBTC)<\/span><\/a>. Another reason GBTC is believed to have experienced such outflows was because of investors who were taking profits from having invested in the trust at a <\/span>discounted price<\/span><\/a> to Bitcoin\u2019s spot price.\u00a0<\/span><\/p>\n

However, unlike GBTC and other Spot Bitcoin ETFs, ETHE and other Spot Ethereum ETFs didn\u2019t start trading immediately after approval. Therefore, Waidmann believes that whoever intended to profit from the discount between ETHE and ETH\u2019s price must have already done so before now. As such, Grayscale\u2019s ETHE shouldn\u2019t witness the same amount of profit-taking as Grayscale\u2019s GBTC did after it began trading.\u00a0<\/span><\/p>\n

\"Ethereum
ETH bulls hold price above $3,400 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.\u00a0 Ethereum Futures Premium Highlights Little Confidence In ETH\u2019s Price According to data from Laevitas, Ethereum\u2019s fixed-month contracts annualized premium currently stands at 11%, suggesting that crypto traders aren\u2019t bullish enough on ETH\u2019s price. Further data from Laevitas shows that this indicator has yet to sustain levels above 12% this past month.\u00a0 Related Reading: Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500? This is surprising considering that the Spot Ethereum ETFs, which could launch next week, are expected to spark a price surge for Ethereum. Crypto analysts like Linda have predicted that ETH could rise to as high as $4,000 thanks to the inflows these Spot Ethereum ETFs could witness.\u00a0 However, crypto traders are not convinced that Ethereum’s reaching such heights is likely to happen, at least not soon enough. A plausible explanation for this lack of excessive bullishness is that Ethereum\u2019s price could continue to trade sideways for a while, thanks to the $110 million daily outflows that research firm Kaiko projected could flow from Grayscale\u2019s Spot Ethereum ETF.\u00a0 Moreover, this seems likely following the final S-1 filings by the Spot Ethereum ETF issuers, which showed that Grayscale has the highest fees. The asset manager plans to charge a management fee of 2.50%, while the highest fee among other Spot Ethereum ETF issuers is 0.25%. Grayscale had done something similar with its Spot Bitcoin ETF, setting its management fee at 1.5%, while the other Spot Bitcoin ETF issuers had management fees ranging between 0.19% and 0.39%. That move is believed to have been one of the reasons why Grayscale\u2019s Bitcoin ETF witnessed significant outflows following the launch of the Spot Bitcoin ETFs.\u00a0 Making A Case For Ethereum\u2019s Inevitable Price Surge Crypto analyst Leon Waidmann has made a bullish case for ETH\u2019s price and explained why Ethereum investors should be more bullish. He noted that the discount between Grayscale\u2019s Ethereum Trust (ETHE) and ETH\u2019s price has significantly narrowed since the Spot Ethereum ETFs were approved earlier in May.\u00a0 Related Reading: Why Did The German Government Sell Off 50,000 Bitcoin In 2 Weeks Waidmann stated that this has given ETHE investors ample time to exit their positions without significant discounts compared to Grayscale\u2019s Bitcoin Trust (GBTC). Another reason GBTC is believed to have experienced such outflows was because of investors who were taking profits from having invested in the trust at a discounted price to Bitcoin\u2019s spot price.\u00a0 However, unlike GBTC and other Spot Bitcoin ETFs, ETHE and other Spot Ethereum ETFs didn\u2019t start trading immediately after approval. Therefore, Waidmann believes that whoever intended to profit from the discount between ETHE and ETH\u2019s price must have already done so before now. As such, Grayscale\u2019s ETHE shouldn\u2019t witness the same amount of profit-taking as Grayscale\u2019s GBTC did after it began trading.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630641,"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":[1944,89193,8323,92622,16163,1946,10384,84816,7931,6931,8686,78803,89986],"class_list":["post-630600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-etf","tag-etf-news","tag-eth","tag-eth-news-spot-ethereum-etfs","tag-eth-price","tag-ethereum","tag-ethereum-etf","tag-ethereum-etfs","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt","tag-spot-ethereum-etf"],"acf":[],"yoast_head":"\nETH Derivates Volume Have Flatlined 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What\u2019s Going On?","url":"http:\/\/uniquehot.com\/news\/ethereum\/derivates-spot-ethereum-etfs\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum\/derivates-spot-ethereum-etfs\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Ethereum_12c9d2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/Ethereum_12c9d2.jpeg?fit=1024%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["etf","etf news","eth","eth news spot ethereum etfs","eth price","ethereum","ethereum etf","ethereum etfs","ethereum news","ethereum price","ethusd","ethusdt","spot ethereum etf"],"dateCreated":"2024-07-19T19:00:40Z","datePublished":"2024-07-19T19:00:40Z","dateModified":"2024-07-19T19:00:40Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What\\u2019s Going On?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/derivates-spot-ethereum-etfs\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum\\\/derivates-spot-ethereum-etfs\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Ethereum_12c9d2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Ethereum_12c9d2.jpeg?fit=1024%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"etf\",\"etf news\",\"eth\",\"eth news spot ethereum etfs\",\"eth price\",\"ethereum\",\"ethereum etf\",\"ethereum etfs\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\",\"spot ethereum etf\"],\"dateCreated\":\"2024-07-19T19:00:40Z\",\"datePublished\":\"2024-07-19T19:00:40Z\",\"dateModified\":\"2024-07-19T19:00:40Z\"}<\/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\/2024\/07\/Ethereum_12c9d2.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630600"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=630600"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/630600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/630641"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=630600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=630600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=630600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}