Ethereum
1 in 4 US Voters Likely to Invest in Ethereum ETFs
A survey conducted by Grayscale and The Harris Poll indicates that approval by the U.S. Securities and Exchange Commission (SEC) of a cash Ethereum (ETH) exchange-traded fund (ETF) would likely boost U.S. investment in the digital asset.
While the long-term performance of these ETFs is uncertain, the survey suggests that their introduction will significantly advance the maturity of the cryptocurrency market and its widespread adoption.
Ethereum ETF to Boost Adoption
The poll found that nearly one in four potential voters would Consider investing in Ethereum if an ETF-based product were approved. This approval would increase their interest in Ethereum and other crypto assets beyond Bitcoin.
Learn more: Ethereum ETF Explained: What It Is and How It Works
US Investors Are Interested in Ethereum ETF. Source: Shades of grey
Grayscale’s findings support analysts predictions on the potential success of Ethereum ETFsQuinn Thompson, founder of Leker Capital, referring to Neil Osborne, said that the ETH ETF is a proxy for traditional ETFs. investors who lack exposure to blockchain and crypto beyond digital gold.
“By investing in Ethereum you get exposure to stablecoins/payments, tokenization, Challenge, digital art/NFT, infrastructure/staking/layer 2 scaling. All of this new technology is built on Ethereum and pays fees for its use and activity that accrues as revenue for the network and the ETH token,” Quinn said. explain.
This perspective leads many market experts to anticipate significant investment inflows from the start of trading. Charles Yu, VP of Research at Galaxy Digital, estimated that ETH ETFs could attract up to $1 billion in monthly inflows in the first five months. Similarly, Matthew Hougan, CIO of Bitwise, predicted $15 billion in inflows in the first 18 months.
Despite the high potential for success, 25% of Grayscale respondents said that ETF approval would not influence their interest in investing. The survey also highlighted that a considerable portion of the population is still unaware of the Ethereum spot ETF. It shows that about 43% of American voters were not aware of it.
Learn more: Crypto ETN vs. Crypto ETF: What’s the Difference?
At the same time, the survey shows that cryptocurrency has become a increasingly important topic for American votersAccording to the survey, a third of potential American voters have become more open to crypto since the start of this year, and 47% of them believe crypto will eventually find its way into their investment portfolio.
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