Analysis: The delay in the launch of the Ethereum ETF may benefit the rise in Ethereum prices

ChainCatcher news, although the U.S. Securities and Exchange Commission (SEC) has approved 8 Ethereum ETFs including BlackRock and Fidelity, unlike Bitcoin ETFs that start trading the day after approval, these Ethereum ETFs may take weeks or months to officially trade. In this regard, several industry analysts have stated that the delay in the ETF launch may actually benefit the rise in Ethereum prices. eToro analyst Simon Peters pointed out that savvy cryptocurrency investors can get ahead by buying Ethereum now, hoping to profit when the ETFs officially trade and potentially billions of dollars flow in. GSR Research analyst Brian Rudick also believes that the delay in the ETF launch is somewhat positive news, as the SEC's unexpected approval previously caught most people off guard, and now the delay gives the market time to build expectations, which helps increase the capital inflow during the early stages of the ETF launch, thereby driving up ETH prices.