Key results

• Approval of stacking for ether rotational funds (ETF) in the USA may have a minimum impact on influence, unless the ether sees a lasting rally, says Eric Balchunas

• ETH price dropped significantly after starting ETFS last year, unlike the Bitcoin ETFS spot, in which recent highest levels of all time only two months after launching.

• To grow again, Balchunas said that ETH would need multimonthis with a robust narrative.

Note that ETF ETF, which can put some tokens under their control, may not lend a hand collect an influx without a more constant rally at the price of a token, says ETF ETF ERIC BALCHUNAS analyst.

Balchun he said In the episode of the recent Finance Modern Era podcast, in which the approval of ETF (ETH) would have a “small” impact on the influence, adding “it only helps – cannot hurt”.

ETF to deal well at a price rally

However, Balchunas noticed that one of the main reasons for frail inflows to Ether ETF since their July in the United States is that ETH has not yet maintained the extended rally.

“A bigger problem with Ethereum is a performance; he just never goes to a nice long rally.”

He added that when the price of Ether increased during December in December, there was a direct correlation with an influx enhance.

The win of Donald Trump in November caused a rally on the cryptocurrency market, in which ETH increased by 71%, reached USD 4 107 on December 16.

From November 22, ETF at ETHER Spot recorded a 19-day series of positive inflows, raised an influx of about $ 2.44 billion, According to to distant data.

However, since the price level of 4,27 USD Ether has entered the tank and has fallen by 56% since then on the replacement of about USD 1,809 at the time of publication, According to For Coinmarketcap data.

Balkunas said that in order to flow again, Ether would need “Multimontaj” in combination with a “strong narrative”.

“He needs something that is more than a good week here and there,” he added.

Balchunas noticed that after starting Ether ETFS, the price “quickly fell”, hindering all recovery, unlike the Bitcoin ETFS spot, in which Bitcoin (BTC) reached a recent highest level in history, just two months after starting in January 2024.

“When you run ETF and you have this type of performance from the gate, it is difficult,” he said.

Related: “Capitulation” Ethereum suggests that the price of ETH is undervaluation: a report of loyalty

ETF ETF ETFs are still waiting for the American Commission of Securities and Exchange to enable ETHER ETF to offer paying numerous applications for permission at the beginning of this year

ETF Analyst Bloomberg James Seyffart said that “it is possible that they can be approved for early setting, but the final date passes at the end of October.”

“Potential indirect terms before the final approval (or denial) are at the end of May and at the end of August,” he added.

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