Could an ETH ETF Push Ether to $10K? Experts Think So
The Big Question: Will Ether’s Price Soar?
The crypto world is buzzing with excitement as the prospect of a spot Ether exchange-traded fund (ETF) in the U.S. gains momentum. Some analysts are even predicting that this long-awaited launch could catapult Ether (ETH) to a staggering $10,000.
While the U.S. Securities and Exchange Commission (SEC) has been slow to green-light these ETFs, momentum is building, and the impact on Ethereum’s price could be massive. According to Andrey Stoychev, head of prime brokerage at Nexo, the ripple effect could mirror what happened with Bitcoin after its own spot ETF approval.
“ETH ETFs in the USA and similar products in Asia could be the driver that helps the asset reach $10,000 by end-2024, catching up with Bitcoin’s performance post-ETF.”
This bullish prediction follows a major price surge in Ether, jumping over 21% in just 24 hours to hit $3,771—a two-month high, according to CoinMarketCap.
ETH/USDT, 1-day chart. Source: CoinMarketCap
Political Pressure and SEC’s Change in Tone
Recent reports indicate that the SEC, which previously dismissed the idea of a spot Ether ETF, may be reconsidering. Allegedly, political pressure—likely tied to the upcoming U.S. presidential election—has played a role in this shift.
“This seeming change in perception towards Ether ETFs may come to signal a switch in stance from the SEC. A speculative reason for that could be the upcoming US presidential election, which has come to highlight that crypto users may play a defining role, especially in swing states.” — Andrey Stoychev
If this trend continues, we may be on the verge of seeing Ether ETFs hit the markets, providing institutional investors with a regulated and streamlined way to gain exposure to Ethereum.
When Will the Ether ETF Finally Get Approved?
The next big date to watch is May 23, when the SEC must decide on VanEck’s Ether ETF proposal. Senior Bloomberg ETF analyst Eric Balchunas has already raised the odds of approval from 25% to 75%. But there’s a catch—this approval would only apply to the 19b-4 form, and there’s still another key hurdle to clear.
The S-1 Filing: A Longer Road Ahead
Even if the 19b-4 filing gets the green light, issuers must also secure approval for their S-1 filings before they can actually launch the ETFs. Bloomberg ETF analyst James Seyffart put it this way in a recent post:
“We also need S-1 approvals. It could be weeks to months before we see S-1 approvals and thus a live ETH ETF.”
With that in mind, some experts, including FreeBnk founder Yunus Ozkaya, believe Ether ETFs won’t hit the market until 2025.
“I am not expecting anything earlier than 2025 to be tradeable, including S-1 approval. However, when it does, it will have a really big positive effect on the market.”
So, What’s Next for Ether?
While the road to an ETH ETF approval still has a few bumps ahead, the growing optimism is undeniable. If the SEC does ultimately approve these investment products, Ethereum could see a massive surge in both adoption and price.
Until then, all eyes are on May 23. Will this be the moment Ethereum’s mainstream financial transformation begins? Only time will tell—but the potential for a $10,000 ETH is looking more and more plausible.
