Renowned Host Jim Cramer Reveals Prediction for Ethereum ETF!

  • Jim Cramer, the host of CNBC’s Mad Money program, drew attention by making a positive prediction for a spot Ethereum ETF, surprising the overall crypto community.
  • He based his prediction on the success of the spot Bitcoin ETF market in the last few weeks after being approved by the securities regulator.
  • On Tuesday, IBIT recorded a massive entry of $520 million from a net entry of $577 million. This implies the addition of 10,167.5 BTC to the overall spot Bitcoin pool.

Jim Cramer has revealed his expectations for the fate of spot Ethereum ETFs following the success of spot Bitcoin ETFs.

Cramer Reveals Expectations for Spot Ethereum ETFs

ethereum-eth

Jim Cramer, the host of CNBC’s Mad Money program, drew attention by making a positive prediction for a spot Ethereum ETF. According to Cramer’s post on Twitter, there is a very high probability that the United States Securities and Exchange Commission (SEC) will soon approve the spot Ethereum ETF.

He based his prediction on the success of the spot Bitcoin ETF market in the last few weeks after being approved by the securities regulator. The spot Bitcoin ETF market has recorded over $6 billion in entries so far, with IBIT leading the way.

On Tuesday, IBIT recorded a massive entry of $520 million from a net entry of $577 million. This implies the addition of 10,167.5 BTC to the overall spot Bitcoin pool. The $577 million entry is the third-largest entry the nascent ecosystem has seen.

On the same Tuesday, the trading volume for all nine spot Bitcoin ETFs reached $2 billion. The flow volume in the spot Bitcoin ETF market must have surprised Jim Cramer, as he had previously underestimated the potential of this offering.

At that time, while Bitcoin was trying to establish support at the $40,000 level, he clearly questioned its future performance. However, his recent statement about the Ethereum ETF suggests that it may have changed his perception of the potential of spot Bitcoin ETFs and the leading cryptocurrency.

Spot Bitcoin ETF Applicants Await SEC’s Decision

Meanwhile, significant speculation continues around the spot Ethereum ETF. Many applicants, including Grayscale Investments, are currently awaiting the SEC’s decision on their proposals. While waiting, many are updating their applications, ensuring that the securities regulator does not find an excuse to finally reject their applications.

About a week ago, the Chicago Board Options Exchange (CBOE) submitted a 19b-4 for a spot Ethereum ETF on behalf of Franklin Templeton. Similarly, VanEck took a strategic step by filing an S1-A form for the proposed spot Ethereum ETF on February 17.

All these updates and amendments may be a sign of how close they are to SEC approval, similar to the situation with spot Bitcoin ETFs, so Jim Cramer’s prediction could be accurate.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin (BTC) is “Super Cheap” at $69k: Adam Back Rejects Post-Halving Crash Predictions

Legendary cypherpunk and Blockstream CEO Adam Back offers a contrarian view on Bitcoin's price action. Get expert insights on market sentiment, halving predictions, and BTC's long-term value potential.

Ethereum’s Pectra Upgrade: Enhanced UX, Wallet Innovation, and Community Debate (ETH)

The Ethereum Pectora upgrade promises a revolution in wallet functionality. Get insights on the debate surrounding its groundbreaking features and their potential impact on the Ethereum ecosystem.

Bitcoin (BTC) Price Retreats Amid Gold’s Record Surge; Analysts Eye Re-accumulation Phase

Find out why Bitcoin's momentum stalled as gold soared to new highs. Explore expert insights on BTC's price trajectory and the significance of re-accumulation patterns.

Litecoin (LTC) Surges in Popularity, Surpassing 5 Million Long-Term Holders

Discover the reasons behind Litecoin's surge in popularity and why investors are increasingly choosing LTC for long-term holdings. Get insights into the future potential of this established cryptocurrency.

Bitcoin Nears Bullish Breakout – Pi Cycle Top Metric Hints at Potential Price Surge

Get the latest insights on Bitcoin's price action, the significance of the Pi Cycle Top metric, and expert predictions for potential price movements.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Bitcoin BTC’s Path to Recovery: Will the Upcoming Halving Trigger a Rise Above $71,400?

This analysis delves into Bitcoin's immediate future as it approaches a critical halving event, exploring potential movements above key resistance levels.

Bitcoin (BTC) Surges Past $70k: Could $75k be the Next Target?

Bitcoin (BTC) has made a decisive move above $70,000, indicating bullish momentum. This article delves into the factors driving the surge, technical analysis, and what investors should watch for in the near term.

NEO Launches Uptrend to $25! Current NEO Analysis

Analyzed NEO's 3-hour chart, showing upward trend post $14.80 resistance breakthrough, eyeing $15.18 resistance; potential long positions suggested at $14.636 - $14.448 support range with a stop loss at $13.90, as NEO aims for $25 target amidst over 5% gains.

Is Litecoin Ready to Launch its Rise to $140? Current LTC Analysis

When examining LTC's technical chart, a downward trend is observed in recent days. The nearest support is at the level of 91.86 dollars. The support range between 97.61$ and 99.07$ on the 4-hour chart is significant. For long positions, the support range of 92.41$ - 91.07$ can be expected.

Bitcoin (BTC) Surges Past $70k: Could a Rally to $75k be Next?

Get expert analysis on Bitcoin's breakout above $70,000. Discover what's driving the price action, key levels to watch, and potential scenarios for BTC's near-term future.
Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
spot_imgspot_imgspot_imgspot_img

Bitcoin (BTC) is “Super Cheap” at $69k: Adam Back Rejects Post-Halving Crash Predictions

Legendary cypherpunk and Blockstream CEO Adam Back offers a contrarian view on Bitcoin's price action. Get expert insights on market sentiment, halving predictions, and BTC's long-term value potential.

Ethereum’s Pectra Upgrade: Enhanced UX, Wallet Innovation, and Community Debate (ETH)

The Ethereum Pectora upgrade promises a revolution in wallet functionality. Get insights on the debate surrounding its groundbreaking features and their potential impact on the Ethereum ecosystem.

Bitcoin (BTC) Price Retreats Amid Gold’s Record Surge; Analysts Eye Re-accumulation Phase

Find out why Bitcoin's momentum stalled as gold soared to new highs. Explore expert insights on BTC's price trajectory and the significance of re-accumulation patterns.