The launch of Ethereum ETFs has arrived. Up to ten Ethereum ETFs are set to be released this week, potentially propelling the cryptocurrency’s price in the medium to long term. This development is expected to significantly boost the Ethereum ecosystem, including NOVA Real Chain. Want to learn more details about these ETFs or reasons why they will have a major impact on ETH’s price? Read on for all the details.

Up to ten Ethereum ETFs are being launched

BlackRock, Grayscale, Fidelity, Van Eck, Franklin, Bitwise, 21Shares, Invesco Galaxy, ProShares… What do they all have in common? They have just launched an Ethereum ETF. Institutional money is pouring into Ethereum, and while some may doubt its immediate impact on the cryptocurrency, it’s certain to have a significant effect in the medium to long term.

Fig. 1 – Ethereum ETFs list.

Reasons Ethereum’s Price Will Skyrocket with ETFs

Many may doubt Ethereum’s surge following this groundbreaking news due to a lack of immediate price spikes, but they’d be mistaken. There are compelling reasons to believe it will exert a greater influence on price than Bitcoin ETFs have had on its respective value.

Here’s why Ethereum could soar with the launch of ETFs:

  • First, Ethereum significantly reduced its inflation after last major update, potentially becoming deflationary depending on prevailing conditions.
  • Unlike Bitcoin’s PoW (Proof of Work), Ethereum’s PoS (Proof of Stake) mechanism alleviates selling pressure from miners, providing it with an edge to elevate its price against the leading cryptocurrency.
  • Another reason is that nearly one-third of circulating Ethereum is staked, effectively limiting the available supply. This creates a substantial supply-demand gap for the token.

All these factors could trigger a surge in ETH’s price, currently at $3400, potentially soaring to reach a new all-time high (ATH) of $5000 per coin in the coming months.

Fig. 2 – Ethereum chart showing a potential breakout following the launch of ETFs.

CEO of NOVA Real Chain: “Institutional Money is Flowing In“

As discussed in a recent podcast by NOVA Real Chain, one of the focal topics was ETFs, which have been generating significant buzz in the crypto sphere. Indeed, they represent a substantial influx of institutional capital into the market.

“With the approval of ETFs, we’re witnessing a significant flow of institutional money. Even major negative news, such as Germany’s Bitcoin sale, has been absorbed within two weeks by ETFs”, remarked Alejandro Navarro, CEO of NOVA Real Chain, on the impact of ETFs in a recent podcast.

Lorenzo Stroe, NOVA Real Chain advisor and Ape Terminal Project Manager, also weighed in, suggesting that for certain investors, buying through ETFs might be worthwhile despite slightly deviating from the original crypto ethos: “It’s a softer way to enter this space. While there are fees involved, the perceived security is a factor. When purchasing crypto through exchanges like FTX, there are inherent risks. If someone is looking to invest $1 billion, it’s better to do it through an ETF, I guess.”

Fig. 3 – Alejandro Navarro (CEO of NOVA Real Chain) and Lorenzo Stroe (Project Manager at Ape Terminal) speaking on the podcast.

With major players like BlackRock or Grayscale involved, the potential impact of these ETFs on Ethereum’s price could be substantial. This factor can bring a promising altseason for ETH and its entire ecosystem. Projects like Shiba Inu and NOVA Real Chain could skyrocket once altseason arrives. It’s possible that all projections may fall short, and we could witness unprecedented price levels soon.