Today marks the first deadline for a spot Ether ETF set by the United States Securities and Exchange Commission (SEC). 

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Sebastian Heine, our chief risk and compliance officer, (CRCO), at Northstake, told Cointelegraph how a spot Ether ETF would be

‍“a game-changer for the entire crypto ecosystem and traditional finance sectors.”

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Will Ether ETFs increase ETH’s price?

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Many crypto investors believe that the price of ETH will surge due to spot Ether ETFs, as these will attract a new inflow of money from traditional market investors. Our CRCO said:

“An ETH ETF approval would not only be bullish for Ethereum but for the entire crypto market, especially in the U.S., which holds the largest capital pool globally.”

The price of Ether surging over 20% the day before the ETF deadline

“demonstrates the substantial amount of money waiting on the sidelines, ready to jump in at any significant catalyst,” according to Heine.

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Press the link below to read the full article on Cointelegraph where you also can take part of other ETF analysts' opinions, such as Eric Balchunas, James Seyffart, Solo Ceesay, Basel Ismail, Peter M. Moricz, and Crypto lawyer Jake Chervinsky. 

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Link to article:

https://cointelegraph.com/news/spot-ether-etf-ether-price-sec