In recent statements, prominent figures in the cryptocurrency space have emphasized Ethereum’s significant potential for capital inflows, driven by its evolving role as a monetary instrument, its environmental friendliness, and the prospect of an Ethereum exchange-traded fund (ETF). While these experts hold differing perspectives, they collectively contribute to a deeper understanding of Ethereum’s current value and prospects.

In the evolving finance landscape, combining traditional investment mechanisms with cryptocurrencies has been a keen interest and innovation topic. At the front of this progression is BlackRock, the global asset management titan renowned for its pivotal influence in financial markets. Making a bold move that underscores its growing interest in digital currencies, BlackRock made headlines with its application for an Ethereum-based exchange-traded fund (ETF), dubbed the iShares Ethereum Trust. This initiative isn’t just a significant leap for BlackRock; it also represents a critical juncture in the broader financial sector’s acceptance and integration of cryptocurrencies. Let’s check out how Blackrock Ethereum ETF plays a pivotal role in the finance industry.

According to The Block, the SEC has postponed the filing of HASHDEX's Nasdaq Ethereum spot and futures ETF.

According to CoinDesk, the US Securities and Exchange Commission (SEC) has delayed the application of Hashdex to convert its existing Bitcoin futures ETF into a Bitcoin spot ETF. The SEC also delayed Grayscale's application to launch a new Ethereum futures ETF.

October 24th, Arthur Cheong, the founder and CEO of DeFiance Capital, stated on his social media platform that if the Bitcoin spot ETF is successful and BlackRock applies for an ETH spot ETF, then Ethereum's ESG friendliness and native staking yield will attract institutional investors. However, this does not mean that the ETH/BTC exchange rate has bottomed out, as all short-term focus will be on BTC, and Bitcoin will halve in April next year. After the halving, the ETH/BTC exchange rate may bottom out.

Bloomberg analyst James Seyffart stated on X platform that ProShares will launch an Ethereum futures ETF for short selling next week. Trading will begin on October 16th, Eastern Time, with the stock code SETHH.