US Election 2024: Survey Shows Rising Voter Enthusiasm for Ethereum Spot ETFs

This is an election year in the United States, and voters are buzzing about a variety of important topics, including cryptocurrency. A recent survey reveals that younger voters are particularly curious about crypto. With Ethereum spot ETFs expected to launch this month, let’s dive into what this means for the crypto conversation.

Is there something significant on the horizon? Let’s find out.

Grayscale Survey Reports

The survey, conducted by Harris Poll for Grayscale, a leading digital currency asset management firm, aimed to understand the key priorities of US voters this election year. This Phase 2 survey also compared shifts in voter priorities since the Phase 1 survey conducted last November.

The findings show that the US electorate is optimistic about the launch of Ethereum Spot ETFs. Nearly 25% of US voters expressed increased interest in investing in Ethereum if these Spot ETFs are introduced.

Ethereum Spot ETFs: Status Review

Initially, the first batch of Ethereum Spot ETFs was expected to be released in the first week of July. But, the US Securities and Exchange Commission delayed the launch. As per a latest report, the SEC has taken additional time to return the S-1 forms submitted by Ethereum Spot ETF issuers. It has requested resubmissions by July 8. Considering these developments, the launch is less likely to happen before mid-July.

Grayscale Survey Report: A General Overview

The report provides enough indications that the overall acceptance of cryptocurrencies has recently increased. The crucial survey finding that nearly half of the respondents expect to include cryptocurrencies in their portfolios is a clear testimonial of this new trend. In the Phase 1 survey, only less than 40% showed interest in including cryptos in their portfolios. 

In short, what the latest survey reveals is that though US voters continue to maintain similar priorities, their degree of enthusiasm towards crypto has witnessed a massive positive boost in the present phase, compared to Phase 1. If things progress in this direction, this election may become the US’ first ‘Crypto Election.’   

Read Also: Crypto Market Reversal: Is This the Right Time to Buy Bitcoin?

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