How Bitcoin and Ethereum has only viable ETFs for Future?

Assalaam-o-alaikum my dear family I hope everyone is good today I am here to share my knowledge about the EFT present tendency of BTC and ETH, I will try to explain it up to my best level and your kind feedback is always appreciated.

According to World biggest manager of asset Cohen he predicated in coming days the BTC and ETH would be traded by EFTs.

Its stated by Cohen which is also knows as chief investment officer, he told that only the currency which would be more likely to be trades in coming days these are the Bitcoin and also the ETH.

Source

According to him he well explained in an interview the only currencies which had reached the criteria for BlackRock's stringent and exchange traded funds are Bitcoin and Etherum, while no any other currency seems to meet these criteria which are needed for EFTs.

He further added in his statement that in term if investment and bar both the currencies seems very close to fulfilled the criteria but still it would be see in details for further trading.

While he covered the challenges that might be observed in term of lunches of new EFTs, currently there is no demand of Solana yet in EFTs, although few analysis showed that Solana may compete and floated for EFTs but according to Cohen in market showed insufficient in sense of appetite.

There was observed a high volume of trading and it surpass the amount of $14.8 billions and its the data of only one week in which Etherum seems really hit the market of EFTs and its observed after May, 2024.

Therefore it overcome the rumor of success of Solana which might be become next EFts if this trend was not visible in market in short time span.

Hence, it was noticed that Solana found a really cheaper source instead of ETH, and it could be a good alternative for EFTs, although solana CME future showed lack of availability that become a problem for the wide approval of Sola na EFTs.

As the predictions of analyst still many people are highly hopeful for Solana potential in the market in coming days.

Its estimated that CoinGecko data revealed the fact that solana is showing asset value of 3 % of the market value, which is at least $82 billion capitalization.

Source

Furthermore the traders are happily continued their trade for BTC as their is still strong supportive that was confirm from iShares the BTC trust.

Hence if we see a single day trade which was observed on July, 22 it was estimated around $526.7 million and it come to notice after March, 2024.

The screenshot from the binance app where we clearly see that trade has diverse effect on the worth of BTC it hit the $73,000.

That why the trading obviously effected the worth of BTC which marked increased from $68,000 and hit at the $73,000 which was all time since the halving event takes place.

Its all about my today's post.