Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints
- Joe Lubin warns of a potential Ether shortage with the launch of the Spot Ether ETF, raising supply concerns.
- Bloomberg analysts increase Ether ETF approval odds to 75%, signaling a significant shift in market sentiment.
- ETH sees a substantial surge, trading at $3,757 with 27% of the supply staked, highlighting growing market interest.
Ethereum co-founder Joe Lubin has warned of a potential scarcity in the Ether (ETH) supply following the launch of the Spot Ether ETF. While anticipation of the ETF launch grows, Lubin asserted that the “floodgate” of ETH demand might lead to a significant shortage in supply.
Though the community was initially pessimistic about the SEC’s decision on Ether ETFs, reports suggest a potential approval of nine Ether ETF issuers’ applications this week. Meanwhile, Bloomberg’s ETF analysts Eric Balchunas and James Seyffart raised their odds of Ether ETF approval from 25% to 75%.
The post Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints appeared first on Coin Edition.
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Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints
- Joe Lubin warns of a potential Ether shortage with the launch of the Spot Ether ETF, raising supply concerns.
- Bloomberg analysts increase Ether ETF approval odds to 75%, signaling a significant shift in market sentiment.
- ETH sees a substantial surge, trading at $3,757 with 27% of the supply staked, highlighting growing market interest.
Ethereum co-founder Joe Lubin has warned of a potential scarcity in the Ether (ETH) supply following the launch of the Spot Ether ETF. While anticipation of the ETF launch grows, Lubin asserted that the “floodgate” of ETH demand might lead to a significant shortage in supply.
Though the community was initially pessimistic about the SEC’s decision on Ether ETFs, reports suggest a potential approval of nine Ether ETF issuers’ applications this week. Meanwhile, Bloomberg’s ETF analysts Eric Balchunas and James Seyffart raised their odds of Ether ETF approval from 25% to 75%.
The post Crypto Market Eyes Ether ETF Approval: Lubin Cautions on Supply Constraints appeared first on Coin Edition.
Read More