In an article socialized by Ray Jimenez Bravo, he indicated that they claim that the ETF validates Ethereum as a viable financial asset, this after “Ethereum ETF approval by regulators indicates growing confidence in the infrastructure and security of cryptocurrencies.”
Namely and according to what was mentioned by Maria Fernanda Juppet, CEO of CryptoMarket, “the launch of an Ethereum ETF on the U.S. stock exchange marks a significant milestone in the integration of cryptocurrencies into traditional financial markets and also for the industry as a whole.”
On the other hand, “He assured that this new financial instrument allows investors to access Ethereum, the second largest cryptocurrency by market capitalization, without the need to directly own the digital assets.”
María Fernanda also said that the importance of the launch of this Ethereum ETF lies in the fact that it legitimizes and validates Ethereum as a viable financial asset. The approval of an ETF by regulatory bodies indicates a growing confidence in the infrastructure and security of cryptocurrencies.
In addition, being an exchange-traded product provides greater transparency and liquidity to the Ethereum market, he also said that this additional transparency and liquidity can not only attract considerable capital inflows, but can also help stabilize the price of the asset by increasing buying and selling activity in a regulated environment.
SOURCES CONSULTED
Cointelegraph. ETF validates Ethereum as a viable financial asset, they say. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
