Will Spot Ethereum ETF Trigger a New Crypto Surge? Here’s What to Expect

As spot Ether ETFs near their launch, Binance CEO Richard Teng expects them to bring a steady and substantial influx of capital over time. While others predict significant immediate impacts, Richard Teng Richard Teng   Richard Teng is a Singaporean business executive and the CEO of Binance, the world’s largest cryptocurrency exchange by trading volume. He supports blockchain and crypto adoption by actively involving both mainstream and Web 3 stakeholders.   Quick Facts   Full name Richard Teng Birth 1968, Singapore Nationality Singaporean Education Master's degree in applied finance from the University of Western Australia Wife/Partner To be updated Net worth Estimated in millions   Before this role, he held key regulatory and executive positions across Asia and the Middle East, including CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM) and Chief Regulatory Officer at the Singapore Exchange (SGX).   Richard Teng - Career Highlights & Events   1994 – 2007: Served at the Monetary Authority of Singapore (MAS), and became Director of Corporate Finance.   2007 – 2014: Chief Regulatory Officer at Singapore Exchange (SGX)   2015 – 2021: CEO of Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).   2021: Joined Binance as Head of MENA, focusing on expansion and compliance in the region.   2022: Promoted to Regional Head of Asia, Europe & MENA at Binance.   2023: Appointed CEO of Binance, succeeding founder CZ   Teng joined Binance in August 2021 as CEO of Singapore operations. He was appointed CEO of Binance in November 2023, succeeding founder Changpeng Zhao, who resigned after pleading guilty to unlawful charges. Previously, Teng was a board member of Lulu Financial Group in 2021–2022.   Useful Links to Connect With Richard Teng   Platform Link X (formerly Twitter) https://twitter.com/_RichardTeng LinkedIn profile https://www.linkedin.com/in/richardteng Binance Profile https://www.binance.com/en/square/profile/richardteng ADGM website https://www.adgm.com     Content Creator / InfluencerCrypto and Blockchain ExpertChief Executive Officer believes the initial effects will not be exciting. 

Will Ether outpace Bitcoin in volatility? Could its price soar or dive? Explore expert opinions and discover how these developments could influence your crypto portfolio.

Teng’s Projections: Steady Growth Ahead!

Teng expects that while the initial inflows and performance of these ETFs might not be spectacular, there will be a consistent influx of capital driven by macroeconomic factors such as US monetary policy and election outcomes. He believes that institutional participation could eventually boost ETF liquidity, positioning ETH as an attractive long-term investment.

However, Teng also points out that the absence of a staking component in these ETFs, which could provide additional yield to investors, might dampen their appeal. SEC Commissioner Hester Peirce has suggested that adding a staking feature could be reconsidered in the future, potentially increasing the attractiveness of these ETFs.

Ether ETFs Are Coming – Are You Ready?

Katherine Dowling of Bitwise reports that spot Ether ETFs are nearing approval, with the SEC requesting final filings ahead of a potential launch on July 23. Some experts, like Tom Dunleavy from MV Global, predict $5 to $10 billion in inflows shortly after launch, which could drive ETH to new highs. Meanwhile, Bitwise CIO Matt Hougan forecasts $15 billion in Ether ETF inflows within the first 18 months.

Bloomberg analyst James Seyffart expects these ETFs to capture 20% to 25% of the revenue generated by Bitcoin funds in their first month.

Lessons from Bitcoin ETFs

Since their launch in January, Bitcoin ETFs have attracted nearly $15 billion from investors, initially causing BTC’s price to surge. However, this rally has since tapered off, with most ETF inflows coming from arbitrage strategies rather than outright bullish bets. This cautious sentiment may also affect Ether ETFs.

A Milestone for Ethereum and Beyond

With millions of dollars at stake, Teng views the launch of spot Ether ETFs as a pivotal moment for Ethereum and the broader digital asset market. He believes it will enhance the legitimacy and accessibility of crypto investments, drawing parallels to the January launch of spot Bitcoin ETFs.

According to Teng, Ether ETFs will likely attract a diverse range of investors by addressing concerns about legitimacy, compliance, and security.

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The market now depends on ETH ETF performance following bloodshed. Are you ready for volatility?